fbpx
Connect with us

Trends

Consumers Like to Strike a Deal When Purchasing Motor Oil, Reports NPD

NPD’s Aftermarket Industry Monitor, which tracks point-of-sale data from more than 18,000 auto parts stores, finds that full synthetic quart volume increased nearly 9 percent in the 12 months ending November 2009 versus year-ago.

Advertisement

HOUSTON, Texas ─ More motor oil buyers than ever before reported making their purchase at a special discount price, reports The NPD Group. According to NPD’s Car Care Trac, an ongoing survey tracking consumers’ automotive purchases, in the 12 months ending November 2009, 22 percent of consumers surveyed reported they paid a special or sale price for motor oil, compared to just 16 percent two years prior.

Advertisement

The latest NPD automotive market research points out that, although consumers who purchased motor oil in a special deal come in all “shapes and sizes,” there are some interesting distinctions. For example, motor oil deal shoppers last year were slightly more likely to purchase full synthetic motor oil than other types of motor oil. NPD’s Aftermarket Industry Monitor, which tracks point-of-sale data from more than 18,000 auto parts stores, finds that full synthetic quart volume increased nearly 9 percent in the 12 months ending November 2009 versus year-ago. While total passenger car motor oil price per quart increased 11 percent, full synthetic price per quart was only up 4 percent, perhaps reflecting promotional discounts.

Advertisement

NPD’s research also reveals motor oil category discounts seemed to be an effective purchase behavior driver. Eighty-one percent who bought motor oil in a deal said they specifically went to the store for that motor oil purchase. In addition, those shoppers were more likely to say they would have made no purchase if their preferred brand were not available (15 percent compared to 11 percent). These shoppers were five times as likely to say they chose the brand purchased based on an advertisement. Deal shoppers are also likely to be higher volume purchasers — 78 percent who bought on deal reported buying five quarts or more, compared to only 53 percent who paid regular price.

Advertisement

Paid Special/Sale Price DIY Motor Oil Purchasers

 

 

 

 

 

 

Source: The NPD Group/Car Care Trac

“Clearly consumers are looking for deals and offering a deal can increase traffic at retail, encourage trial or increase basket size,” says David Portalatin, industry analyst for NPD’s automotive aftermarket market research “Manufacturers of automotive products need to understand the particular drivers of purchase behavior in their categories and for its brands to determine whether to offer a deal and how effective dealing might be. Collaborating with retail partners to evaluate the dynamics of each brand and category, manufacturers can craft effective promotions that appeal to their consumers’ sense of value and deliver positive results.”

Advertisement

For more information, visit http://www.npd.com.

Advertisement

POPULAR POSTS

Connect
aftermarketNews