AAMCO survey: 63% of consumers to reconsider new car purchases due to economy - - Aftermarket Business - Wholesaler, retailer automotive parts

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AAMCO survey: 63% of consumers to reconsider new car purchases due to economy

Source: Aftermarket Business

According to a national survey commissioned by AAMCO, the recent economic instability has caused American car owners to put off car purchases, postpone some repairs, and depend more on their local auto mechanics. Conducted by Washington, D.C.-based Clarus Research Group on behalf of AAMCO, the survey revealed that the economic downturn has caused 63 percent of car owners to reconsider their plans to purchase a new car.

"Consumers clearly prefer maintaining and repairing their cars rather than buying new ones," said Mike Ganjei, president of the National AAMCO Dealers Association. "Buying a new car is a major investment and perhaps not an option at this time for some consumers because of the troubled economy and uncertainty in the job market."

The survey also found that 44 percent of consumers would, if possible, postpone needed repair work for at least a few months because of current economic conditions and personal finances. More than half of consumers would repair their cars at a cost of up to $2,000, but if repairs would cost $3,000 or more, more than half would be inclined to get rid of their cars instead.

"When times are tough and money is tight, simple car care and maintenance can go a long way toward keeping a car on the road, running smoothly and avoiding major repair costs in the future," said Todd Leff, AAMCO president and CEO. "The survey clearly revealed that car owners are placing a higher priority on extending the lives of their cars. These feelings are shared by AAMCO customers, who are seeking quality total car care and expert service to keep their cars going that extra mile."

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