One-Third of Car Shoppers on kbb.com Moved to Fuel-Efficient Cars in Response to Environmental Issues
Study Shows Consumers Want More Information on Green Car Technologies
According to the latest Kelley Blue Book Marketing Research studies conducted on the company's top-rated Web site http://www.kbb.com/, the vast majority (nearly 90 percent) of car shoppers say they are concerned about the future of our environment. Among the survey respondents, 80 percent believe that individuals should make lifestyle changes in order to reduce CO2 emissions. Furthermore, 75 percent of shoppers say they have made changes to further the betterment of the environment, with the top lifestyle changes mentioned being recycling (54 percent), cutting back on driving (46 percent) and purchasing a fuel-efficient car (31 percent).
In an effort to protect the environment, 42 percent of consumers participating in the Kelley Blue Book study are willing to accept cuts in their standard of living, while 39 percent are willing to pay higher prices. In addition, 29 percent are willing to pay higher taxes.
With an increasing push for more eco-friendly cars, consumers expressed interest in a resource for more information on 'green' automotive technologies. According to the study, consumers were interested in articles and news on environmentally-friendly cars, a tool for finding the most fuel-efficient vehicle to meet their needs, a place to share comments and feedback on vehicles, and tools that calculate and factor fuel economy.
With these interests in mind, Kelley Blue Book launched KBB® Green http://www.kbb.com/green, an all-new section of the company's top-rated Web site designed to help guide new-car shoppers on environmental and fuel economy issues. KBB Green features the latest news and blogs (http://www.kbb.com/kbb/green-cars/news-blogs.aspx), Kelley Blue Book's Perfect Car Finder® (http://www.kbb.com/kbb/PerfectCarFinder/Default.aspx), the Top 10 Green Cars for 2008 (http://www.kbb.com/kbb/green-cars/articles.aspx?BlogPostId=646), Green forums (http://community.kbb.com/forums/), the Fuel Efficiency Challenge (http://www.kbb.com/KBB/green-cars/fuel-efficiency- challenge.aspx?WeeklyMileage=&FuelCosts=4.25), new-car reviews (http://www.kbb.com/KBB/NewsAndReviews/default.aspx), videos (http://www.kbb.com/KBB/green-cars/videos.aspx) and more. Kelley Blue Book's new Green section allows new-car shoppers to attain information about alternative-fuel technologies and make the best environmentally friendly choice based on their requirements.
"Gas prices have created a permanent shift in the minds of American consumers and more importantly car-shoppers," said Rick Wainschel, senior vice president of marketing and analytics for Kelley Blue Book's kbb.com. "KBB Green provides new-car shoppers with the information to help make this important choice by providing resources for shoppers to discover their options and learn what both fellow consumers and the automotive experts think about these options."
These latest Kelley Blue Book Marketing Research studies were conducted on Kelley Blue Book's kbb.com among 619 shoppers during April 2008 and among 637 shoppers during June 2008.
About Kelley Blue Book (http://www.kbb.com/)
Since 1926, Kelley Blue Book, The Trusted Resource®, has provided vehicle buyers and sellers with the new and used vehicle information they need to accomplish their goals with confidence. The company's top-rated Web site, http://www.kbb.com/, provides the most up-to-date pricing and values, including the New Car Blue Book® Value which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book® Official Guide. Kbb.com is rated the No. 1 automotive information site and the most visited auto site nine years in a row. http://www.kbb.com/ is a leading provider of new-car prices (http://www.kbb.com/kbb/NewCars/default.aspx), car reviews (http://www.kbb.com/kbb/NewsAndReviews/default.aspx) and news (http://www.kbb.com/kbb/LatestNews/Default.aspx), used-car blue book values (http://www.kbb.com/kbb/LatestNews/Default.aspx), auto classifieds (http://www.kbb.com/kbb/Classifieds/default.aspx) and car dealer locations (http://www.kbb.com/kbb/FindaDealer/Default.aspx). No other medium reaches more in-market vehicle shoppers than kbb.com; nearly one in every three American car buyers performs their research on kbb.com.
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