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Market Intelligence: Kern County's new vehicle market

| Saturday, Aug 29 2009 02:15 PM

Last Updated Saturday, Aug 29 2009 02:15 PM

 

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Images:

car_dealer_fa.JPG Felix Adamo / The Californian Many a man's dream car, the Porsche Cayman S, at Porche of Bakersfield in the Auto Mall.

Driving the market share

The economic crisis slowed auto sales considerably. However, more than 16,000 new vehicles (cars, trucks, SUVs, etc.) were sold during July 2008 through June 2009. The following table ranks the dealers and market share based on the number of vehicles sold from July 2008 through June 2009, according to Cross-Sell’s new car sales report.
 

Dealer    Market Share percentage

Three Way Automotive    12.7
Bill Wright Toyota    12.3
Jim Burke Ford    10.3
Barber Honda    8.0
Motor City    6.7
North Bakersfield Toyota    6.0
Nissan of Bakersfield    5.0
Haddad Dodge Kia    4.5
Bakersfield Chrysler Jeep Mazda    4.1
BMW of Bakersfield    3.8
Mercedes Benz of Bakersfield    3.7
Family Motors    3.6
Holiday Ford Lincoln Mercury    3.2
Motor City Lexus    2.5
Saturn of Bakersfield    2.1
Bud Eyre Chevrolet Buick    1.8
Bakersfield Mitsubishi    1.7
Delano Family Motors    1.5
Richland Chevrolet    1.0
Bakersfield Audi    0.8
Family Chrysler Jeep Dodge    0.8
Kieffe & Sons Ford    0.8
Taft Chevrolet Buick Pontiac    0.8
Jim Charlon Ford    0.8
Superior Acura    0.7
Jim Burke Lincoln Mercury Jaguar    0.7
 

Vehicles per household

Cars, trucks and SVUs are in almost every home in Kern County. In fact, 64 percent of households in Kern County own more than one vehicle. The table below shows the number of vehicles in Kern County households (Scarborough Research, 2009 R2).

 

Number of vehicles household owns    Percentage of adults

1    25
2    36
3    18
4+    11
None    10
 

Top brands

The list below ranks the top auto makes and the percent of owners (Scarborough Research, 2009 R2).
 

Make of any vehicle owned or leased in household    Percentage of adults

Ford    26.2
Chevrolet    24.1
Toyota    23.1
Honda    11.3
Dodge    10.5
GMC    8.8
Nissan    7.8
Saturn    4.2
Jeep    4.1
Mazda    3.3
Buick    3.2
Hyundai    3.2
Pontiac    2.8
Kia    2.7
Mitsubishi    2.6
Volkswagen    2.6
Lexus    2.5
Chrysler    2.4
Lincoln    2.4
Mercury    2.4
Cadillac    2.0
Mercedes    1.7
Oldsmobile    1.5
BMW    1.4
Suzuki    1.3
Acura    1.1
Plymouth    1.1
Isuzu    0.7
Subaru    0.7
Hummer    0.6
Daewoo    0.5
Geo    0.5
Infiniti    0.4
Porsche    0.4
Saab    0.4
Jaguar    0.3
Volvo    0.2

Older cars

80 percent of households have vehicles older than five years and 49 percent are older than 10 years. The table below shows the model year and the percent of owners (Scarborough Research, 2009 R2).

Model year of any vehicle owned or leased in household    Percentage of adults

1998 or older    48.6
1999    10.5
2000    11.7
2001    10.8
2002    9.4
2003    10.7
2004    12.2
2005    14.8
2006    14.2
2007    11.2
2008    10.1
2009    0.8
 

The auto market

10 percent, or 58,154 adults, plan to shop for a new vehicle in the next 12 months, with most looking to buy a full and midsize vehicle. Only 7 percent plan to buy a compact car. The table below shows the types of vehicles shoppers plan to buy or lease (Scarborough Research, 2009 R2).

Type of new vehicle buyer plans to buy or lease in the next 12 months    Percentage of vehicle shoppers

Midsize car    17.4
Compact car    6.8
Pickup truck    15.9
Sport utility vehicle    21.8
Luxury vehicle    16.6
Full-size car    16.5
Van or mini-van    5.0

The budget

More than 52 percent of auto shoppers plan to pay $20,000 to $30,000 for their next new vehicle. This is not a surprise given the types of vehicles most shoppers are considering. The table below shows the amount shoppers plan to pay.

Amount buyers plans to pay for new vehicle next 12 months    Percentage of vehicle shoppers

Under $10,000    7.6
$10,000 - $14,999    5.9
$15,000 - $19,999    8.4
$20,000 - $24,999    20.2
$25,000 - $29,999    32.7
$30,000 - $34,999    10.6
$35,000 - $44,999    6.9
$45,000 or more    7.8
 

The reputation

Primary reasons why buyer used a dealer to buy/lease their last new vehicle    Percentage of vehicle shoppers

Reputation of dealer    20.9
Selection of makes/models    15.7
Price - value    14.6
Service    12.9
Financing through dealer    12.2
Other reason    9.4
Location    7.2
Warranty    7.0

Sources: Scarborough Research (2009 R2), Cross-Sell “New Vehicle Market Analysis”, Bureau of Labor Statistics, and The Bakersfield Californian Market Research.

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