The Best And Worst Car Brand Loyalty- Subaru Slides With Short Supply
How loyal are Subaru Forester, Outback, and Crosstrek customers? According to a report from Automotive News, Subaru's loyalty rate in 2020 was 70.4 percent, and in 2021 through August 31, 2021, Subaru of America's loyalty rating slipped to 64.9 percent. How does Subaru's customer loyalty rank with other car brands?
Overall consumer loyalty among all automakers dropped by more than three percentage points in 2021 through August 31, 2021, according to U.S. registration data analysis by Experian.
photo credit: North Fort Lauderdale Subaru says they have new Forester inventory
Subaru's year has been defined by short supplies of new Forester, Outback, and Crosstrek, the brand's top three selling all-wheel-drive models. Subaru's loyalty rate of 64.9 percent is far better than the loyalty by brand through August, which is 58.6 percent down from 61.7 percent a year earlier, according to Experian.
Why is Subaru slipping? It's due to low new vehicle inventory due to the global microchip shortages. Cox Automotive says overall car sales volume fell to its lowest level this fall since the Great Recession as the ongoing global microchip shortage continues to deplete inventory.
photo credit: North Fort Lauderdale Subaru
A high percentage of Forester, Outback, and Crosstrek customers are return customers trading in a Subaru vehicle. With few new models to sell, many customers are ordering a new model and waiting for two and sometimes three months for the car to be delivered.
How does Subaru compare with other automakers?
Only two car brands beat the average by more than ten percentage points and topped 70 percent: Ferrari and Tesla. Ferrari's 75.8 percent loyalty was the highest in the industry, followed by Tesla at 71.2 percent.
Subaru has the third-highest loyalty rate of 64.9 percent, with Hyundai/Kia also at 64.9 percent. Toyota has the fourth highest with a loyalty rate of 64.2 percent, and Honda has the fifth-highest with a loyalty rate of 62.4 percent.
Which automaker has the worst loyalty?
Fiat has the worst loyalty rate at just 6.2 percent, down from 10.2 percent a year earlier. Chrysler's loyalty is 17.3 percent, Jaguar (23%), and Dodge (27.9%) are among the worst.
What is next for Subaru?
IHS Markit says redesigns help an automaker's brand loyalty, and Subaru of America just introduced three new models. The Camden, N.J. automaker introduced the refreshed 2022 Forester compact SUV, the all-new 2022 Subaru Outback, and Forester Wilderness off-road trims, the redesigned 2022 Subaru WRX sport-tuned performance sedan, and the second-generation 2022 Subaru BRZ sports coupe.
Customers looking for a 2022 Subaru Forester, 2022 Outback, or 2022 Crosstrek will not find many new model choices in the new year. A source close to Subaru told us, "100 percent of our allocation through February and early March is pre-sold or reserved."
While customer loyalty rates have dropped during the new model shortages, Subaru of America still retains the third-highest loyalty rate percentage among automakers and retains a majority of its 2022 Forester, Outback, and Crosstrek customers.
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Denis Flierl has invested over 30 years in the automotive industry in a consulting role working with every major car brand. He is an accredited member of the Rocky Mountain Automotive Press. Check out Subaru Report where he covers all of the Japanese automaker's models. More stories can be found on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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Photo credit: main image North Fort Lauderdale Subaru