Generation gap in ‘Car Confidence’ amongst UK drivers revealed by The Motor Ombudsman…
They tell us:
(All words and images from The Motor Ombudsman).
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London, 13 August 2024 With the arrival of the new ‘74’ vehicle registration just around the corner, a Censuswide poll of 1,000 UK drivers commissioned by The Motor Ombudsman has revealed generational differences in consumer ‘Car Confidence’ when it comes to buying and owning a vehicle. The latest findings have also been used to create a new series of Motor Ombudsman ‘barometers’ to highlight how the dial can shift on a yearly basis between age groups. (Please also see the ‘infographic’ at the end of this text). With the growing choice of makes and models available to motorists, and with cars often being the second most expensive purchase after a home, going it alone, and navigating the car buying process solo from start to finish, may prove a daunting prospect for some. On this subject, the research showed that nearly three-quarters (71%) of Gen Xers1 would be the most inclined to enlist the helping hand of others, followed by around 67% of Gen Z2 drivers and Millennials (Gen Y)3, and 66% of Baby Boomers4, where the latter group may have more car buying experience under their belt versus their peers. When it comes to knowing what fuel type would be right for them if they were to buy a car, 84% of Boomers would feel safe in the knowledge that a petrol or diesel-powered model would best suit their needs, compared to 76% of Millennials and 73% of Gen Z drivers. However, when acquiring an electric vehicle (EV), the tables turn, with Gen Yers and Gen Zers leading the charge in terms of being the most self-assured, where around 50% of respondents in these generational groups have the peace of mind that adopting pure battery power would be the ideal method of propulsion, albeit there is a little more hesitation in these groups with forgoing an engine. In addition, with this technology being relatively new to market compared to filling up at the pumps, confidence in getting behind the wheel of an EV falls to around a third (34%) for Gen Xers, and to about a fifth (21%) amongst those aged between 59 and 77. |
In fact, taking the time to do research is a critical first step in the car buying process, and with Gen Z considered the ‘digital natives’ and ‘iGeneration’, they have a greater tendency to rely on social media to stay up to speed with the latest products, advice, and tips, to help decide ‘what’s hot’ and ‘what’s not’. However, according to one in ten Gen Zers (10%), and 11% of Gen Yers in The Motor Ombudsman study, misinformation on digital platforms is negatively affecting self-belief when taking the plunge to buy a car. Conversely, with Boomers more akin to using traditional media to do their research, their confidence appears to be far less influenced by what is being published by users through these prominent online platforms, at just 2% of respondents in this generational group. |