Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for automotive industry researchers · Thursday, April 18, 2024 · 704,812,303 Articles · 3+ Million Readers

Jumpstart Automotive Media Post-Florence Shopping Analysis Shows Interest In Small Vans, Hatchbacks, Wagons & Midsize Pickups

Residents Along East Coast Interested in ‘Affordable Functionality’

SAN FRANCISCO, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today announced new post-Florence shopping analysis that shows what types of vehicles are being considered and researched along the Southeastern coastal region of the U.S. following the storm.

Jumpstart experts analyzed the Florence-affected areas and compared regional shopping growth to national growth to see where certain body styles or segments showed differences. According to Black Book, the storm may ultimately result in as many as 20,000 cars and trucks damaged or destroyed during the storm and ensuing flooding. This number may escalate higher after factoring in additional damage from Hurricane Michael, which affected the Florida Panhandle and additional areas throughout Georgia and South Carolina.

As was the case in Texas and Florida the previous year, local residents that were affected immediately began to shop for replacement vehicles in the weeks after the storm. In the three weeks since Hurricane Florence came ashore on the East coast, Jumpstart has seen traffic grow the fastest in the Metropolotian Statistical Areas (MSAs) of Wilmington, N.C. (+219%); Greenville, N.C. (+127%); Florence, S.C. (+117%); Charleston, S.C. (+66%); and Raleigh (+19%).

What We’re Learning About Post-Florence Auto Shopping

One major shift since recovery efforts began is the growth in shopping for used vehicles. In each market that was affected by the hurricane, growth in used car shopping surpassed the national average by up to four times. Among used vehicles, these are the segments that are picking up speed:

• Vans and Hatchbacks/Wagons are two of the body styles that have picked up in interest along the East coast. Vans in particular saw up to 285% growth three weeks after Florence hit.
• Although truck interest is up as well, the type of truck varies across the affected markets:

  • Three quarter- and 1-ton pickups are showing growth in the two most hard-hit regions of North Carolina (Wilmington, Greenville) that is over 30% greater than national growth.
  • Midsize pickup growth was the highest in the hard-hit regions of South Carolina (Charleston, Florence) as well as Greenville, North Carolina.
  • Full-size pickup growth only outpaced national growth in two of the affected markets, Charleston, S.C. and Greenville, N.C.

Despite the popularity of SUVs and CUVs across the country, their growth didn’t stand out as significantly in the recovery areas. One thing that is clear from the data, affordability and utility are key among residents that are replacing family vehicles or seeking larger vehicles to help with recovery efforts.

Jumpstart also identified differences to those from Hurricane Harvey last year, most notably that Houston shoppers were significantly higher in truck replacements than what they’re seeing currently on the East coast. This falls in line with both regional shopper preferences (the South East tends to skew higher in Cars than Texas or the Gulf coast) and socioeconomic factors of the affected regions.

“The analysis of post-hurricane shopper interest data can certainly help dealers and OEMs as they focus on re-stocking inventory or meeting demand for local residents looking to replace their damaged or destroyed vehicles,” said Brian Miller, senior web analyst for Jumpstart. “We’re definitely noticing where a majority of residents are shopping for smaller- and midsize cars, vans and pickups, which indicates to us that many people are looking for affordable functionality that offer versatility in their replacement vehicles.”

About Jumpstart

Jumpstart Automotive Media, a division of Hearst Autos, offers high-impact and performance-driven marketing and advertising solutions that achieve optimum results. An industry thought-leader known for its in-depth shopping reports, Jumpstart connects automotive marketers with the largest, high-performing audience of car shoppers and enthusiasts through partnerships with: Car and Driver, U.S. News Best Cars, J.D. Power Cars, NADAguides, Autoweek.com, Autobytel, Autolist.com, Daily News Autos, LeftLaneNews.com, CarSoup, CarBuzz, CarStory, VehicleHistory.com and iSeeCars.

JumpstartAuto.com, @JumpstartAuto

Media Contact:
John Sternal
954.592.1201
jsternal@meritmile.com

jumpstart.jpg

Powered by EIN News
Distribution channels: Automotive Industry


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release