Top Vehicle Purchasing Criteria According to Automotive Executives and Consumers

Top Vehicle Purchasing Criteria According to Automotive Executives and Consumers

Proof Point

Data privacy and security top must-have feature for both automotive executives and consumers as cybersecurity data leaks proliferate in other sectors

Top Vehicle Purchasing Criteria According to Automotive Executives and Consumers

2016 (percent of respondents)

Note: Data based on KPMG’s survey of almost 1,000 executives from automotive upstream and downstream industry segments in 42 countries and more than 2,400 consumers around world

Proof Point Findings

  • Executives Perspective – Data privacy and security (52%), self-driving cars (45%), and electric mobility (44%) identified by automotive executives as top criteria that consumers will consider in buying new vehicles
  • Consumer Criteria – Aligned with executives in terms of data privacy and security (48%), but emphasized total cost of ownership transparency (45%) and driving pleasure and speed (42%) as other key considerations
  • Key Drivers – Include increasing cybersecurity threats, growing fear of potential data misuse, and technology advancements enabling innovation in production of next-generation vehicles (e.g. sensors, Internet-of-Things, automation, and artificial intelligence)

Accelerator

Market Disruption

Sector

Information Technology, Transportation and Logistics

Source

Date Last Updated

May 30, 2017

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