Home | Subscribe | Contact | Syndicate
    Latest News | Aircondition.Com | Cool Profit$
Search



HTSN 
 
 In Distress
 
 Latest News
 Mobile HVAC
 Engine Cooling
 Environmental
 Vehicular - Innovation
 Racing-Custom-Antiques
 Association-Tradeshow
 Auto Service - General
 Broadcast - Webcast
 Training - Testing
 Corporate-Personnel
 Tools, Equipment & Chemicals
 Auto Parts
 Fuel Economy-Efficiency
 In Memory
 Political
 Cool Profit$ - goHTSN.com
 
 Employment - For Sale
 
 Shop News
 
 Real Estate-Business
 
 Strong Opinions
 
 Rumor Room
 
 Featured Articles
 
 New Products
 
 goHTSN Sponsors
 
 Archives
 
 Shop Survey

Links 
 
 
 Aircondition.Com
 
 Cool Profit$ Magazine
 

Latest News : Auto Service - General Last Updated: Mar 18th, 2008 - 11:08:06


New Study Shows Multiple Cars Are King in American Households
By prnewswire.com
Feb 13, 2008, 18:24

Email this article
  Print  this  article

Schaumberg, IL — Feb. 12, 2008 — PRNewswire — In a study of households with at least one vehicle, Experian Automotive, a part of global information services company Experian, found that households with three or more cars are the single largest group among American car owners.

The United States is still very much in love with the automobile, with a national average of 2.28 vehicles per household. Experian Automotive found single- and two-vehicle households are almost neck and neck, at nearly 34 percent and 31 percent, respectively. However, households with three or more vehicles maintain the single largest category, at nearly 35 percent. The number of vehicles per household varies across states and regions, with Washington, D.C., having the highest single-car percentage (62.5 percent), and South Dakota the highest percentage of households with five or more vehicles (12.79 percent).

The study also found that as the number of vehicles per household increases, the types of vehicles shift. Households with only domestic vehicles come out on top among two-vehicle households, comprising nearly 40 percent of the category. When moving up to three- and four-vehicle households, Americans tend to prefer a blend of domestic and import vehicles, at 49.8 percent and 59.87 percent, respectively. Households having only new vehicles also lead the two-vehicle category, at 43.5 percent. Interestingly, as the number of vehicles increases, so does the blend between new and used vehicles, with 60 percent of three-vehicle households and more than 70 percent of four-vehicle households having a mix of the two.

Other interesting findings in the study include the following:
-- The most common pairing of vehicles in American households with two to four cars is a full-sized pickup truck and a standard, mid-range vehicle
-- Of households with two or more vehicles in which one is an SUV, nearly 25 percent also own a pickup truck
-- The percentage of one-vehicle households for those earning $250,000 or more annually is 35 percent -- about the same as households with incomes of $25,000 to $34,999

"It's obvious that regardless of where they live or what they earn, Americans place a high value on owning vehicles and in having at least two in their garage," said Scott Waldron, president of Experian Automotive. "Knowing the number of vehicles on the road, the kinds of vehicles they are and where they're located is crucial to enabling dealers and manufacturers to market to consumers according to their vehicle needs and preferences."

Experian Automotive provides the information and insight that drives decisions across the entire vehicle sales cycle, ranging from market and vehicle history reporting to credit and marketing services. Experian Automotive assists dealers, lenders, manufacturers and consumers in making sound business decisions in buying and selling vehicles by helping them understand their market, manage lending risks, find new customers and provide the information needed to feel confident about their purchases.

About Experian Automotive
Experian Automotive, a part of Experian Group Limited , delivers information services to manufacturers, dealers, finance and insurance companies, and consumers. Experian(R) helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing more than 500 million vehicles, along with Experian's credit, consumer and business information assets, meets the industry's growing demand for an integrated information source. Experian's advanced decision support services help clients turn this information into improved business results. Experian technology supports several top automotive Web sites, including eBay Motors, Yahoo! Autos, CarsDirect.com, CarMax.com and NADAguides.com. For more information on Experian Automotive and its suite of services, visit our Web site at http://www.experianautomotive.com/.

The word "Experian" is a registered trademark in the EU and other countries and is owned by Experian Ltd. and/or its associated companies.


Copyright © 2008 HTSN

Top of Page

Email this article            Printer friendly page



Our Sponsors
1-800-RadTank
A-Better Radiator Supply
A&I Products
Accu-Tech Epoxy
Active Radiator Supply
Airsept
All Radiator Supply
Arctic Auto Air Inc.
Auto-Core
Classic Air Auto Air Manufacturing
ColdAir
Dewitts
Doc's Blocks
Ecar Inc
Factory Air Conditioning Corp
Gano Filter
Global Heat Transfer
Gravois Auto Radiator
Heatex Radiator Inc.
ICE32
Johnson Manufacturing Co.
Koyo Cooling Systems
Maine Auto Radiator
PlasTank
Rad Cap Products - DD&E
Reach Cooling
Reco Heat Exchange
Refrigerant Inc
Taalman Engineered Products
Tanks A Lot
Tanks N Tabs
Technology Transfer Systems
Therm Processes Inc.
TYC/Genera Corporation
Universal Carnegie