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Cars, Bicycles, Racing, etc.
Hispanic Adults Are Disproportionately Higher Automotive Buyers.
According to a new study by The Media Audit Hispanics are growing in importance to the automobile market and the after-market.
Highlights of the survey include:
- Of the 26.1 million adults who plan to buy a vehicle during the coming year, 18.1 percent, or 4.7 million, are Hispanic
- Of the 26.1 million, 11.4 million plan to buy a new vehicle; of that total 16.7 percent, or 1.9 million, are Hispanic
- While 30.9 percent of all adults shopped at an auto parts store in the 30 days prior to the survey, 32.7 percent of all Hispanic adults did the same
- While 29.5 percent of all adults surveyed have car loans, just 27.3 percent of all Hispanic adults have car loans.
- 55.9 percent f the adult Hispanics expect to be better off financially in six months, while only 41.1 percent of the Caucasian community share that optimism
- Of the 13.7 million adults in the metro markets surveyed who plan to buy a domestic vehicle, 19.5 percent or 2.7 million are Hispanic adults
- Of the 8.6 million adults who plan on buying a foreign vehicle, 17.1 percent, or 1.5 million, are Hispanic adults
- Among the 4.8 million adults who plan to spend $30,000 or more on their next vehicle, 17.4 percent, or 830,000, are Hispanic adults
Source: comScore Media Metrix (US Only) May 2006
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