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Black Stats
Frequently requested
data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
38.3 million
Top Five Black Cities
- New York
- Chicago
- Detroit
- Philadelphia
- Houston
Top Five Black Metros:
- New York-New Jersey
- Washington-Baltimore
- Chicago-Gary
- Los Angeles
- Philadelphia
Top Five Expenditures:
- Housing 110.2 bil.
- Food 53.8 bil.
- Cars/Trucks 28.7 bil.
- Clothing 22.0 bil.
- Health Care 17.9 bil.
Click here for more stats from "The Buying Power of
Black America."
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Census
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New African-American auto study looks at
buyers' emotions, values
(December 20, 2005) A new
study has been released that examines the emotions, values and behavior of
African-Americans when they consider the purchase of an automotive
vehicle. The research concludes that automakers can improve their chances
of selling to black consumers by understanding their differences.
African Americans who are potential new vehicle buyers have expectations
and needs that are similar to all consumers, but they clearly show a
distinctive emotional profile on key aspects of the "super values"
(Security, Freedom, Esteem, and Balance) that make up the experience
owners have with their vehicles.
Super values define the largest clusters of values and emotions identified
by Dr. Darrel Edwards, founder of Strategic Vision, from the initial
752,284 respondents who completed our worldwide survey on values, emotions
and behavior.
For 14 years, Strategic Vision has been providing a syndicated Vehicle
Experience Study to the automotive industry. The VES is the most
comprehensive study in the industry in that it captures a data set
including both the history, behavior and attribute ratings of 506 primary,
secondary and tertiary attributes of the customers.
African Americans who completed Strategic Vision's questionnaire see
themselves as very successful and highly motivated. They have a strong
desire for personal power and ability to choose, but are careful about
trusting others. They see themselves as strong individuals, who demand
being recognized as such. African American new vehicle buyers have a
strong sense of self-esteem.
The following data is from Strategic Vision's 2005 full-year Vehicle
Experience Study:
Ten Most Purchased Brands By African Americans
|
Nissan |
12.5% |
|
Chevrolet |
11.6% |
|
Toyota |
9.5% |
|
Ford |
9.2% |
|
Chrysler |
7.7% |
|
Honda |
5.3% |
|
Dodge |
4.4% |
|
Hyundai |
3.8% |
|
Cadillac |
3.3% |
|
GMC |
3.2% |
Ten Most Purchased Models By African Americans
|
Nissan Altima |
12.5% |
|
Chrysler 300 |
3.3% |
|
Ford F-Series (F150) |
2.5% |
|
Toyota Corolla |
2.3% |
|
Toyota Camry |
2.1% |
|
Honda Accord Sedan |
2.1% |
|
Chevrolet Trailblazer |
1.8% |
|
Dodge Ram 1500 Pickup |
1.8% |
|
Ford Explorer |
1.8% |
|
Chevrolet Silverado 1500 |
1.6% |
The
Total Quality Index captures the more complete experience the buyer has
with his or her vehicle including both rational and emotional aspects. The
index calculates the owners' responses to product attributes and the
emotions that the experience creates and transforms the responses to a
1000 point scale for comparisons.
Following is an array of TQI scores that ranks models among African
American buyers:
2003-2005 Strongest Models Among African American New Car Buyers
|
Categories |
Best in Total Quality |
TQI |
|
1. Small Car |
Honda Civic |
883 |
|
2. Med./Large Car |
Nissan Altima |
893 |
|
3. Luxury Car |
Mercedes E-Class |
922 |
|
4. Pickup Truck |
Nissan Titan |
872 |
|
5. Minivan |
Dodge Caravan |
868 |
|
6. Small SUV |
Nissan Murano |
905 |
|
7. Med./Large SUV |
Nissan Armada |
893 |
|
8. Luxury SUV |
Cadillac SRX |
920 |
”Your vehicle makes a statement about you,” reports Dr. Darrel Edwards,
Ph.D, ABPP, Strategic Vision's CEO and Founder. “Manufacturers need to be
clearly aware what they can do to engender pride in ownership while making
allowance for the buyers to express their individuality. Dealers need to
listen to the African American community when they report that they are
strongly committed to their sense of pride and individuality."
Why are Nissan product ratings high among African American new car buyers?
According to the study, Nissan did exceptionally well on aspects of
product coupled with a positive dealership experience that communicated to
the buyers' sense of pride and individuality - cornerstones for positive
regard among the African American buyers.
For more information about the study, contact Christopher Chaney,
Vice-President and Director of Special Projects, 858-576-7141 or
chris.chaney@strategicvision.com .
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12th
Annual Edition Available
Latest
'Buying Power' report shows black consumers spending more on home life
As the American economy continues to move sluggishly,
African-American households are curtailing their spending in many
categories, including food, clothing and basic household items, while
investing more in home repair, home entertainment and consumer
electronics. Although they are trimming back, black consumers are still
spending more than their white counterparts on most of these products.
According to the newest edition of “The Buying Power of Black America”
report, African-American households are tightening their belts when it
comes to dining out, expanding their wardrobes, and leisure activities out
of the home. At the same time, they are increasing their spending on home
repairs and remodeling, audio and...
Story and statistics
continued
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