openPR Logo
Press release

Americans Still Wary to Finance Cars

09-27-2011 09:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Qualtrics Labs

Provo, UT (PRWEB) September 26, 2011

The American public is still hesitant to make big-ticket purchases on credit according to a new study conducted by Qualtrics Labs Inc.

“Americans appear to be limiting their car purchases due to economic concerns,” Paul Moore, Qualtrics’ lead statistical analyst, said. “Our study found 87 percent of American residents said they would not finance the purchase of a new car in this economy.”

The results are another blow for automobile manufacturers who are still recovering from the 2008-2009 recession that led to US Government bailouts of General Motors and Chrysler Corporation.

The online survey found that 67% of respondents have at least 3 of their closest friends or relatives out of work.

“We are paying off our debt as fast as we can,” one panel member said. “[We are] saving more money for emergencies, planning for worse times to come, and becoming more self sufficient.”

The survey results indicate that over 84% of Americans thinks the economy will not be any better next year.

The survey research shows that the economic downturn has changed how some people plan for the future.

“I plan on downsizing my house, keeping my vehicle longer, and taking fewer vacations,” one respondent said.

With this sentiment from such a large percentage of Americans, there could be even harder times a head for the auto industry according to the study.

About Qualtrics
Qualtrics is the industry-leading provider of online survey software. See how we can help you build an online survey.

Qualtrics Labs
400 W. Dynix Dr. Ste 100, Provo, UT
(800) 340-9194
Jonathan Wickham

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Americans Still Wary to Finance Cars here

News-ID: 193507 • Views:

More Releases for American

Foam Molding Market 2020 Business Outlook – American Excelsior Company, Americ …
Global Foam Molding Market Growth (Status and Outlook) 2020-2025 The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Foam Molding Market on the basis of stating current situation of the industry in 2020. SPECIAL OFFER (Avail an Up-to 20% discount on this report) Request a Sample Report: https://www.marketinsightsreports.com/reports/04061953295/global-foam-molding-market-growth-status-and-outlook-2020-2025/inquiry?source=OPENPR&Mode=NG23
American Vertex Trading Corporation opens door to new Latin American Private Cli …
TSAT TSZ MUI/HONG KONG - American Vertex Trading Corporation today announced that they have launched their offshore Latin American Private Client Division. American Vertex Trading Corporation’s Chief Executive Officer said: “We serve our private clients globally and can enhance that with local presence in particular markets. We are excited to offer a full service platform including the delivery of onshore investment products and services to clients in Latin America”. American Vertex Trading
Cables and Snakes Market Share 2017 AirTurn, American Audio, American DJ, Analys …
Cables and Snakes Market Research A market study ” Global Condenser Microphones Market ” examines the performance of the Cables and Snakes market Size 2017. It encloses an in-depth Research of the Cables and Snakes market state and the competitive landscape globally. This report analyzes the potential of Cables and Snakes market in the present and the future prospects from various angles in detail. The Global Cables and Snakes Market 2017 report
Bathroom Vanities Market 2017- Albemarle Countertops, American Woodmark Corporat …
Apex Research, recently published a detailed market research study focused on the "Bathroom Vanities Market" across the global, regional and country level. The report provides 360° analysis of "Bathroom Vanities Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Bathroom Vanities industry, and estimates the future trend of Bathroom Vanities market
An American Hero Remains An American Prisoner
George Martorano remains behind bars without recognition of the lives he has saved and his service to society. He is still denied his right to resentencing. (Philadelphia, July 26, 2011) -- Today, Federal Prisoner George Martorano (ID# 12973004) informed us of a major, potentially lethal incident on a Bureau of Prisons flight from Philadelphia to Oklahoma on his way back to Coleman Federal Prison in Florida. George wrestled a handcuff
Steve’s Wood Fired Pizza appears in American Airlines American Way magazine
Boca Raton, FL. Steve’s Wood Fired Pizza of Boca Raton FL recently appeared in the American Way magazine, the in-flight magazine for American Airlines and American Eagle flights. In an article entitled “A Slice of Heaven, Steve’s Wood Fired Pizza was listed in America’s 10 best pizza parlors. Owner Steve Greenberg said It’s a great honor with all the hard work we put in to be recognized by American as