Auto Dealers Now Have Tool to Assess Local Used-Car Demand
Kelley Blue Book and Friedman-Swift Associates have joined to offer a new market research service. Auto dealers now can predict which used cars will sell well in their local market,
according to the companies.
The Used Car Local Demand Report will identify which makes and
types of vehicles local area shoppers are most interested in, what
factors are most important to promote to local consumers, and what
advertising resources local used car buyers plan to use when shopping.
"Dealers who know what buyers are looking for are dealers who sell
more used cars," says Judy George, chief operating officer at
Friedman-Swift Associates. "The Used Car Local Demand Report will help
dealers determine which vehicles to buy at auction, which ones to keep
in trade, and which ones to wholesale."
In addition to profiling the used car makes, styles and colors
preferred in a dealer's marketing area, the Used Car Local Demand
Report will help dealers pinpoint which cars are worth spending
advertising dollars on and what types of advertising, both online and
print, will reach most local used car shoppers, according to the companies.
Access to in-market buyers through kbb.com enables dealers to
anticipate local demand rather than rely on broad-based historical
reports. According to Paul Johnson, president of Kelley Blue Book,
"The significance and value of the Used Car Local Demand Report is
that it is local and timely. This is only possible given the enormous
number of geographically dispersed in-market buyers that visit kbb.com
everyday."
According to Johnson, each dealer who purchases the Used Car Local Demand Report will
have a research survey conducted with used car shoppers in his local
area who visit www.kbb.com Kelley Blue Book's web site, according to
research by J.D. Power and Associates, reaches more people who buy
used cars than any other web site, by nearly a 2 to 1 margin. The
automotive research firm Friedman-Swift Associates will design the
survey and report key findings to the dealer.
About Kelley Blue Book
Based in Irvine, Calif., Kelley Blue Book
is relied on by both consumers and the automotive industry, as a resource for car-buying research and information. The company
is currently celebrating its 75th anniversary. Its website, www.kbb.com is
the number one automotive site in the nation, according to Nielson
NetRatings and Jupiter MediaMetrix. Over 4 million unique visitors
generate nearly 30 million pricing reports per month.
About Friedman-Swift Associates
Friedman-Swift Associates
(www.friedmanswift), based in Cincinnati, Ohio, is a
provider of automotive market research to automobile dealers.
Dedicated to helping dealers better serve consumers since 1979, the
company has conducted over 4,000 automotive research studies,
including work for dealerships in 75 of the largest 100 dealer groups
in the U.S.
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