FI showroom red and grey logo
MenuMENU
SearchSEARCH

Report: Price and Inventory Still Top Priorities for Car Buyers

A joint study by Jumpstart Automotive Media and Ipsos charts the advancement of digital and mobile strategies and finds pricing, inventory, and dealer websites remain major influencers.

by Staff
September 25, 2018
Report: Price and Inventory Still Top Priorities for Car Buyers

 

3 min to read


SAN FRANCISCO — Jumpstart Automotive Media released the results of a joint study with research firm Ipsos. “Today’s Auto Buyer and the Digital Retailing Experience” considers the points of view of consumers and dealers to better understand the shopping journey and reveal how digital and mobile strategies have changed the consideration, negotiation, and buying processes.

While recognizing that the car-buying process still carries an air of frustration and distrust, researchers sought to identify opportunities to make the buying process more satisfying all around. Areas of focus include:

Ad Loading...

• How consumers select a dealership: Analysts found dealers believe their reputations and prior positive experiences are what bring consumers in the door. However, the most influential factors in consumers’ selection of a dealership are, by far, a low price and having the right inventory. In fact, consumers (495) were almost twice as likely as dealers (24%) to identify the “lowest price” as the more influential between those two factors.

• Where shopping and research begins: Consumers spend an average of nine hours researching online before walking into a dealership, visiting an average of seven automotive sites, including manufacturer, dealer, and third-party websites. But the report found dealer websites are far more influential than even dealers themselves perceive. While dealers assume that consumers start their research on other sites, visiting the dealer website closer to the purchase, customers surveyed commonly stated that they use the dealer website very early in their shopping process.

• Closing the gap on price differences: Consumers prefer to do the majority of fact-finding online, and face-to-face communication becomes increasingly important to them at the end of the process, analysts said. More than three-quarters (76%) of consumers think they will get a better price by negotiating in person as opposed to online.

“The art of a successful car deal is aligning customer desires, such as a fair price and a smooth, quick transaction, with dealer expectations that leverage their solid reputations,” said Libby Murad-Patel, vice president marketing and strategic insights for Jumpstart. “This report goes into great detail in the motivations and beliefs of both sides, while offering actionable strategies for dealers to attract and better serve today’s auto buyers.”

“Like every other industry we study, digital content and communications have fundamentally altered the auto buying and selling process,” said Michael Baer, senior vice president at Ipsos. “Consequently, the dealership experience is completely changed from what it once was — consumers are visiting fewer of them, are doing their research in advance, and are visiting them better prepared for negotiations. There’s an emerging need for dealers and manufacturers to rethink and redesign the dealership experience and the role of dealers and salespeople to better fit consumers’ needs and expectations.”

Ad Loading...

To review the complete report, click here.

Topics:Digital

More Digital

Photo of man's hand on laptop keyboard on a desk
Digitalby StaffJune 16, 2026

Zurich Launches Advisor IQ for F&I Manager Coaching

The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.

Read More →
Adapting to Digital For a convenient and trustworthy experience, F&I and Showroom
DigitalJune 1, 2026

F&I in the Digital Age

Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.

Read More →
Hands holding phone over graphic.
Digitalby Lauren LawrenceMay 27, 2026

Need for Speed: EV Apps Lack Consistency

Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.

Read More →
Ad Loading...
Light 'trail' to illustrate the idea of a digital trail
Digitalby Gil Van OverMay 18, 2026

Four Keys to Your Digital Trail Defense

Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.

Read More →
Hyundai Motor Group Tech Talent Forum 2026 September 17-18 San Jose, California. background of starry night
Digitalby Lauren LawrenceApril 20, 2026

Hyundai Hosts Tech Talent Forum

Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.

Read More →
car outline on top of a data background
Digitalby Lauren LawrenceApril 7, 2026

Dealers Seek Actionable AI

Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.

Read More →
Ad Loading...
Ron Reahard, president of Reahard & Associates, announcing an integration with ImpactMenu to enhance F&I transaction recording, compliance and dealership performance insights.
Digitalby StaffMarch 19, 2026

Reahard & Associates Forges New Integration

The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.

Read More →
Chris Walsh, president and acting CEO of Reynolds and Reynolds, promoting the company’s Amplify 2026 event for dealership professionals focused on technology and operations.
Digitalby StaffMarch 13, 2026

Registration Open for Reynolds Amplify Retail Summit

Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.

Read More →
A customer signs documents on a digital e-contracting tablet using a stylus while a dealership employee points to the screen, alongside the Reynolds and Reynolds and Assurant logos.
Digitalby StaffMarch 6, 2026

Automotive Training Academy by Assurant Grows Offering

A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.

Read More →
Ad Loading...
A dealership customer works with an F&I representative at a desk during the vehicle purchase process.
Digitalby StaffJanuary 30, 2026

Assurant Debuts Virtual Solution for Dealers' Staffing Challenges

Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.

Read More →