New data from Roy Morgan shows that 825,000 (40 per cent) Australians who are intending to purchase a new vehicle in the next four years plan on buying an SUV.
SUVs have enjoyed a persistent rise in popularity, especially over the past decade. In 2009, 19.3 per cent of those intending on buying a new car indicated they would purchase an SUV. This figure has more than doubled to 40 per cent of buyers as of May 2019. The increase in SUV popularity has come at the expense of passenger vehicles, which have declined from 59.8 per cent in 2009 to 36 per cent as of May 2019 – a drop of 23.8 per cent.
When looking at the most popular type of SUV among those looking to buy a new car in the next four years, we see that 492,000 Australians plan on driving home a five seat SUV. When it comes to passenger vehicles, the trusty four door sedan is the number one option, with 427,000 new car buyers intending to purchase one in the next four years.
Light commercial vehicles have also enjoyed a steady rise in popularity among those looking to purchase a new car, climbing from 3.9 per cent in 2002 to 9.3 per cent as of May 2019. Looking closer at Australians intending on purchasing light commercial vehicles, we see that tradesman are driving the increase in popularity. As of May 2019, 28,000 (35.4 per cent) Australian ‘tradies’ who were on the lookout for a new set of wheels were intending on buying a light commercial vehicle, with the ute at the top of the list.
Who are these Australians intending on purchasing an SUV?
We know that those planning to buy an SUV in the near future are more likely to be men (54 per cent) than women (46 per cent), and are 48 per cent more likely than the average Australian to be aged 35-49 years old.
When looking at education and employment, they are far more likely to have a diploma or degree, 70 per cent are employed, and they are 134 per cent more likely than the average Australian to earn over $100,000. Also, 47 per cent are classed in the ‘married, aged 35-plus, without children’ life cycle.
In terms of attitudes and behaviours, those intending to buy an SUV are more likely than the average Australian to “trust well known brands better than a stores’ own brand”, to be “optimistic about the future”, and to be “active on holidays”.
When it comes to media consumption, 50 per cent read newspapers and 48 per cent watch pay TV in an average week, and they are less likely than the average Australian to be heavy internet users.
Commenting on the study, Roy Morgan’s CEO Michele Levine said: “The increasing popularity of SUVs has been evident for many years, both in terms of the data and what we are seeing on our roads. It was only a matter of time before SUVs overtook passenger vehicles as the number one option among those intending to purchase a new car.
“Contrary to popular belief, it isn’t ‘soccer mums’ and people with young families who make up the biggest proportion of those looking to buy an SUV, rather they tend to be men who are married, aged 35 years and above, and without children living at home.
”Given the data suggests that the downward trend of passenger vehicles won’t be changing anytime soon, it may be time for automotive companies to rethink their strategy for once-loved four door sedan. With buyer preferences changing its important to understand what is driving the shift”