Top 8 Automotive Brands with the Most Loyal Customers
Earning customer loyalty is the gold standard in the competitive automotive industry – but what brands are leading the pack, and what can we learn from this? Here is a better look at the Top 8 Automotive Brands with the Most Loyal Customers created by boostCX. More importantly – we will take a closer look at the key performance indicators (KPIs) that drive loyalty in the automotive industry and how you can improve your own.
Customer loyalty is the ultimate prize in the fiercely competitive automotive industry. Building a strong following translates to repeat business, positive word-of-mouth, and a positive brand image. But which brands have successfully built a loyal customer base? Here’s a glimpse at some of the top contenders in the world:
- Ferrari – 71.4% of their customers come back for another Ferrari, showcasing an unwavering brand dedication.
- Hyundai – 66.8% of Hyundai owners return for another Hyundai, demonstrating the strength of Asian automakers in creating loyal customers.
- Honda – 66.4% of Honda customers come back to the brand, highlighting the enduring appeal of reliability and value.
- Kia – 66.0% of Kia owners return for a second Kia vehicle, solidifying their position as a strong competitor in the automotive industry.
- Toyota – Renowned for its reliability, Toyota has a 65.6% loyalty rate and earns customer loyalty through consistent quality and a trusted reputation.
- Subaru – 65.0% of Subaru owners come back for a second model, proving their commitment to a specific customer pool and a dedication to building lasting relationships.
- BMW – Rounding out the list of established international brands is BMW with a 64.1% loyalty rate among customers, showcasing a commitment to customer satisfaction and a focus on performance and luxury.
- Ford – 62.1% of Ford customers return for another Ford, demonstrating the strength and reliability of this American automaker.
How To Measure and Improve Brand Loyalty in Automotive
Measuring and improving brand loyalty in the automotive industry goes beyond just sales. Key performance indicators (KPIs) like Customer Satisfaction (CSAT) scores and Net Promoter Scores (NPS) provide valuable insight into customer sentiment. boostCX empowers dealerships to track and analyze these KPIs, identify areas for improvement, and implement data-driven strategies that help cultivate customer loyalty on a variety of platforms. By focusing on the customer journey at every touchpoint – from sales to service – boostCX helps dealerships, service centers, and aftermarket parts providers join the ranks of the most loyal automotive brands.
KPIs to Measure Brand Loyalty in Automotive
A loyal customer base is paramount in the automotive industry and word-of-mouth by loyal customers is free advertising for your brand. But how do you measure this brand loyalty? Here’s a look at KPIs you can use to gauge brand loyalty in the automotive world:
- Customer Satisfaction Surveys – Direct feedback through customer feedback surveys after sales and service interactions reveals how happy customers are and identifies areas for improvement and boostCX can help collect customer feedback via a variety of channels.
- Customer Churn Rates and Retention – Tracking how many customers don’t return and how many you retain helps create a very clear picture of brand loyalty.
- Customer Lifetime Values – Understanding the total revenue a customer generates over their relationship with your business – sales and service – helps assess the financial impact of brand loyalty.
- Customer Engagement – Customer and business interactions across multiple touchpoints, like social media and service appointments, reveal how actively customers connect and engage with your brand.
- Customer Emotions – Reviewing customer sentiment through surveys and social media monitoring help businesses understand their emotional connection to your brand, a key factor in brand loyalty.
READ MORE: How Can Automakers Improve the Car Buying Experience?
The battle for customer loyalty in the automotive industry is fierce – but the rewards are undeniable. The brands highlighted in this list of the Top 8 Automotive Brands with the Most Loyal Customers showcase the power of prioritizing the customer experience at every touchpoint on the automotive customer roadmap. Creating lasting customer loyalty requires a data-driven approach, and that’s where boostCX can help your business grow and thrive with innovative solutions that empower dealerships and service centers.
Contact boostCX today and discover how our customer experience platform can propel your brand to the top of the loyalty rankings!