Tesla Bests Ford for US Brand Loyalty
Milestone for EV maker in 2022 Automotive Loyalty Awards, reported S&P Global Mobility.

Tesla beat Ford in U.S. brand loyalty for the first time ever in the 2022 Automotive Loyalty Awards.
Luke Miller
Tesla topped Ford for U.S. brand loyalty for the first time ever in the 2022 Automotive Loyalty Awards, reported S&P Global Mobility.
Still General Motors remains the one to beat. The automaker took the “Overall Loyalty to Manufacturer” award for the eighth consecutive year.
Overall customer loyalty declined last year as industrywide shortages pushed customers to shop for other brands. The industry’s average loyalty dropped from 54.6% in 2019 to 50.2% in 2022, according to S&P Global Mobility.
"The past three years have been a challenge for the automotive industry," Joe LaFeir, S&P Global Mobility president, said in a press release. "As customers are returning back to market post pandemic and inventory levels have slowly improved from last year's lows, retaining loyal customers has been more challenging than ever before."
Tesla won "Overall Loyalty to Make," marking the first year in over a decade that Ford did not take the award, said Vince Palomarez, S&P Global Mobility product manager. When Ford won the “Overall Loyalty to Make” award in 2021, it was its 12th consecutive year of receiving the honor.
Tesla also took the top spot in the “Ethnic Market Loyalty to Make,” “Most Improved Make Loyalty,” “Highest Conquest Percentage,” “Alternative Powertrain Loyalty to Make,” and “Luxury Small Car Categories.”
"Ethnic buyers have increased their market share in the industry every year for the last decade, making them an important audience in building loyalty success for the foreseeable future," Palomarez said.
Tesla won this year's "Ethnic Market Loyalty to Make" award with 52% of its loyalty volume coming from ethnic consumers.
The loyalty awards point to electric vehicles gaining a greater market share in the industry. Mercedes-Benz won "Most Improved Alternative Powertrain Loyalty to Make" award.
Subaru won "Overall Loyalty to Dealer" award for the first time, with 38% of Subaru owners buying their next vehicle from the same dealer.
S&P Global Mobility analyzed 11.7 million new U.S. retail vehicle registrations in 2022 for the 27th annual awards. The analysis defines loyalty as “when a household that owns a new vehicle returns to market and acquired another new vehicle of the same make, model or manufacturer. The newly acquired vehicle may be either a replacement or an addition to the household fleet."
Originally posted on Auto Dealer Today
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →