Polk, a provider of automotive information, has determined that Toyota was the most popular brand among African American new car buyers in 2010. Ford, Chevrolet and Honda were all practically locked in a statistical tie for second place.
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The Top 5 brands among African Americans were:
- Toyota - 15.0%
- Ford - 11.7%
- Chevrolet - 11.4%
- Honda - 11.3%
- Nissan - 10.2%
Tastes did not quite reflect the overall U.S. market where the top 5 brands by company share were:
- GM – 19.1%
- Ford – 16.7%
- Toyota – 15.2%
- Honda – 10.6%
- Chrysler – 9.4%
"With the U.S. population growing faster in the African-American segment than others, there's a significant opportunity for automotive manufacturers and dealers to begin to align marketing initiatives toward this specific audience," said Marc Bland, product strategist at Polk. "Those companies that are ahead of the curve, like Toyota, are already reaping the rewards."
Buick continues to show a resurgence in interest among all markets, but especially among African-American buyers. The fastest growing brands were:
- Buick - 72.2%
- Hyundai - 53.2%
- Kia - 34.6%
- Cadillac - 34.4%
- GMC - 33.6%
Total new vehicle registrations among this audience reached 641,090, an increase of 11.5 percent over 2009 -- and represented 7.4 percent of all new vehicle registrations in 2010. The African-American market volume increase was 68.6 percent greater than the non-ethnic market increase of 6.8 percent.
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It is an interesting piece of
It is an interesting piece of information for the automobile industry. African American's preference for Toyota over other brands indicate that the brand is successful in keeping pace with the growing population. Of course other brands are also not far behind. It is a nice stuff of information. old car parts