Customer loyalty still ranks GM, Ford over Toyota, Honda
The Japanese automakers suffered somewhat after the earthquake and tsunami that struck the island in March of 2011, causing some buyers to move to other brands.
In Experian’s Automotive Industry Market Trends and Loyalty report, Toyota took third in overall corporate loyalty, with 45.7 percent of their first quarter 2012 customers purchasing or leasing another Toyota vehicle. The brand has regained nearly four full points since the second quarter of 2011, when the ranking fell to 41.8 percent.
Honda's corporate loyalty was 42.1 percent in the first quarter of 2012, after dropping to 36.4 percent in the third quarter of 2011.
Meanwhile, General Motors and Ford currently rank first and second in corporate loyalty during for the first quarter of 2012 at 48.4 percent and 47.4 percent, respectively. Almost one in two buyers of GM and Ford vehicles are repurchasing the same brand and that speaks volumes about American quality.