The automobile industry has faced a metamorphosis over the last three decades. There has been a shift from the scenario of a manufacturer's market to a consumer's market. The voice of the customer is put at priority even while deciding any specific model of a car. The bias created by ...
Some dealers utilize fraudulent and deceptive tactics during the vehicle purchasing process. Consumers who fall victim to auto fraud must take action in order to protect their legal rights Learn More + What is the Virginia Lemon Law and how does it work? Under the Virginia Lemon Law, a "lem...
Keep up with the latest monthly consumer purchasing patterns, insights, and trends across 24 countries. Consumer behavior trends state of the consumer tracker. Contacts Lisa Walker Vice Chair | US Automotive Sector Leader, Deloitte lisawalker@deloitte.com ...
While the FTC sets a standard 72-hour cancellation period, some states extend or restrict cooling-off rights for certain transactions. Examples include: California: Allows additional cooling-off periods for senior citizens and those purchasing hearing aids. Texas: Requires a five-day cancellation windo...
(2017) evaluated the propensity of a sample of visitors to consider aspects related to food safety, food security and sustainability when purchasing a product and found positive attitudes towards the purchase of sustainable food products. This study also showed that the lack of an adequate and ...
This type of behavior occurs when consumers are buying expensive, rarely-purchased items. In this case, people are deeply involved in the purchase process, conducting extensive research before making a significant investment. Think about purchasing a house or a car; these are consumer behavior exampl...
As has been argued in Section 2, one of the main differences between the RUM-model and its regret-based counterpart is that the latter exhibit's the compromise effect, which states that a choice alternative receives a choice probability bonus when it ‘moves to the center of the choice set...
How can a consumer be a good corporate citizen? In the context of purchasing a car, what are three types of costs and three types of benefits that consumers might perceive? Explain the concept of make-or-buy decisions. What are some of the factors that affect these decisions?
In conclusion, you must look out for title problems when purchasing a vehicle from any dealer. Unfortunately, it can happen anywhere, even with reputable dealers. If the dealer loses the title before putting it in your name, you could be left hanging for a long time. ...
When purchasing an EV, prospective consumers (78%) tend to consider most cost, environment, and convenience. Cost is the most important driver at 73%, proving that consumers are still price conscious when making an investment in a relatively newer technology. Environmental concer...