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November 23, 2009
San Diego, California – Increased perceived quality and reliability have resulted in a “revolution in buyer perceptions,” according to Strategic Vision’s 2009 Total Value Index (TVI), as customers look beyond traditional factors when considering automobiles.
The report found that, for the first time ever, Toyota did not have a vehicle leader in any segment. “Toyota has evolved to be defined by customers as a paradigm of reliable and durable vehicles,” said Darrel Edwards, chairman of Strategic Vision. “Toyota meets an essential part of the purchase contract. Toyota provides buyers the security needed to make the purchase. However, with so many manufacturers, inspired by Toyota, improving in perceived quality, customers have a wider range of options to choose from in our current economic climate. This allows them to find both value and love in their new vehicle.”
Fuelled in part by a recovering economy, the revolution has had an impact across all vehicle segments, including luxury vehicles, where the Hyundai Genesis is the Near Luxury Car Segment leader, and with many Lexus, Infiniti, Cadillac and BMW owners trading in their vehicles for the Genesis.
“Durability alone and simply satisfying customers is not enough for buyers who demand both immediate and long-term value,” said company president Alexander Edwards. “Customers no longer feel constrained to consider only the ‘usual suspects.’ Because of increased quality, competitive prices and manufacturers fighting for their lives to provide ‘Loveworthy’ vehicles, this is truly an exciting time for car buyers, today and in the near future. Manufacturers are listening and reacting quickly to stay competitive.”
Buyers in the survey rated the following 2009 vehicles top in total value in their segments:
Small Car: Honda Insight
Small Multi-Function: Ford Focus Coupe
Medium Car: Volkswagen Jetta/Volkswagen Passat (tie)
Medium Multi-Function: Volkswagen Jetta Wagon
Larger Car: Volkswagen Passat CC
Near-Luxury Car: Hyundai Genesis
Luxury Car: Mercedes-Benz S-Class
Luxury Multi-Function: Mercedes-Benz R-Class
Small Specialty: Mini Cooper
Premium Coupe: Chevrolet Corvette
Mid-Specialty Coupe: Honda Accord Coupe
Convertible Under $30,000: Ford Mustang
Convertible Over $30,000: Saab 9-3
Minivan: Honda Odyssey
Small SUV: Volkswagen Tiguan
Medium SUV: Chrysler Aspen
Medium Crossover: Ford Flex
Large SUV: Ford Expedition
Near Luxury SUV: BMW X3
Luxury SUV: Audi Q7
Standard Pickup: Honda Ridgeline
Full-size Pickup: Chevrolet Avalanche
Heavy-Duty Pickup: Ford F-250/350
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