martinjlm
Retired from GM
My insight into customer behavior would not be worth much. In my last 10 years at GM, my Industry & Competitor Intel group reported to the same Product Portfolio Planning Director that the Consumer & Market Research group reported to. We were able to exchange information and provide each other supporting information, but we pretty much stayed in our lanes. My team was product and competitor company focused, CMR was consumer focused and we both provided key detail to vehicle teams.Jim, I'm curious what your research may indicate about Millennial car buying habits, both current and future? If you don't mind sharing, as I imagine it's a big industry topic. I have seen articles that state that the 3 most Millennial owned models are the Honda Accord, Nissan Altima, and Honda Civic, ironically, all sedans. Do you think Millennials want would rather have CUV's as a whole, but sedans are just the cheap used cars at the moment and they buy them b/c of price? Will Millennials be able to afford and can they be convinced to spend $40k+ on brand new cars (especially "American" cars) in the near future, as it seems their generation is buried in school debt and more frugal with certain purchases (like cars)? Curious of your insights. Thanks.
Where I work now I’m focused on product and companies, much like I was at GM. There are other parts of the company that do consumer research, but I am further removed from them than I was at GM. So all I’m really left with are my opinions, with not much to back them up.
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