Unhappy Downsizers

Leaders from Glossier, Shopify, Mastercard and more will take the stage at Brandweek to share what strategies set them apart and how they incorporate the most valued emerging trends. Register to join us this September 23–26 in Phoenix, Arizona.

Yet another worry for beleaguered automakers: Consumers’ gas-price-induced shift toward smaller cars could prove to be the impetus for increasing customer dissatisfaction. A new report from Mintel on new-car buyers says barely half of those who bought a small vehicle are “extremely happy” with it. By comparison, 80 percent of all new-car buyers reported extreme happiness with their purchase. Perhaps the disparity is to be expected, since a large majority of small-car buyers said they opted for the diminutive model due to its gas mileage, not out of some lifelong dream of driving a dinky little vehicle.

Another part of the survey (fielded in October) indicates that many of these people were trading down from something bigger: Fewer than half of those who purchased a small car (42 percent) were replacing a similar-size vehicle. To make the transition easier for people who are trading down from bigger vehicles, Mintel suggests automakers should make some luxury features (for example, surround-sound stereo and heated seats) standard equipment in small cars.