agent Entrepreneur logo
MenuMENU
SearchSEARCH

Contentment With Autos Up

Annual survey declares consumer sentiment recovered from pandemic effects.

August 22, 2023
Contentment With Autos Up

Toyota led both mass-market brands and the overall industry in the survey, up 5% to a score of 84.

IMAGE Toyota

2 min to read


 

Customer satisfaction with vehicles is up, based on the latest American Customer Satisfaction Index, which nevertheless detected mixed signals about electric models.

The annual survey, which gathers sentiment of U.S. consumers on products and services by domestic and foreign companies with substantial share in U.S. markets, found satisfaction with autos rose 3% to 79 points on the 100-point index.

Ad Loading...

The improvement was enough for index executives to declare the pandemic’s effects on consumer sentiment a thing of the past.

“Satisfaction with the auto industry as a whole has fully rebounded to pre-pandemic levels, and consumer demand is strong despite rising interest rates,” said ACSI Director of Research Emeritus Forrest Morgeson in a press release on the survey findings.

Morgeson, associate professor of marketing at Michigan State University, where ACSI started in 1994, said almost all aspects of the driving experience have improved, including driving performance, gas mileage and warranties. Even with inflated vehicle prices, he said, value perceptions are up.

“These factors bode well for automakers — and their sales figures — in the second half of 2023,” Morgeson said.

Toyota led both mass-market brands and the overall industry in the survey, up 5% to a score of 84 on strong gas mileage, dependability and quality for the price. More respondents considered buying a Toyota than any other brand – 35%. Its luxury division, Lexus, remained at the top of that segment but was joined in that spot by Tesla.

Ad Loading...

Survey respondents said they’re more satisfied with electric and hybrids models than are owners and lessees of gas-powered vehicles. But they ranked at the bottom for dependability and reliability. Meanwhile, hybrid owners are happier with more aspects of the driver experience than EV owners, including quality, value, and dependability. Hybrid drivers were satisfied with more aspects of their vehicles than were those with EVs.

DIG DEEPER: Purchase Ease Falls in July on Financial Points

Originally posted on Auto Dealer Today

More Industry

Group photo of men outside storefront.
Industryby Hannah MitchellMay 28, 2026

Pennsylvania Dealership Under New Retailers

The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.

Read More →
Hallway with lockered wiring and computer
Industryby Lauren LawrenceMay 28, 2026

Battery Storage Takes Priority Over EVs

U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Industryby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Ad Loading...
Closeup photo of the front of a white car
Industryby Hannah MitchellMay 21, 2026

New-Vehicle Sales Picture Relative

A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.

Read More →
Nissan logo on front of building
Industryby Lauren LawrenceMay 21, 2026

Auto Group Acquires Third Nissan Rooftop

Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.

Read More →
Couple talking with auto salesman next to new car inside dealership
Industryby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Ad Loading...
Wooden people figures of different colors in a row, similar to board game pieces
IndustryMay 20, 2026

Building an Extraordinary F&I Agency

Work to determine your specialized talent, because that fact will determine everything about your agency’s future.

Read More →
Ingredient card, policies and procedures, fixed operations, variable operations, data security, audit
Industryby Jim GantherMay 19, 2026

Recipe for Compliance

The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.

Read More →
Photo of new Chevrolet Bolt parked on a beach
Industryby Hannah MitchellMay 14, 2026

EVs Getting More Attractive

A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.

Read More →
Ad Loading...
Benchmark bar graph showing April 2026 EV Sales
Industryby Lauren LawrenceMay 14, 2026

EV Sales Drop in April Following Surge

North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.

Read More →