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New Survey Shows Europe’s SUV Boom is Set to Accelerate as Millennial Generation Enters Prime New Car Buying Years

  • New Ford-sponsored survey in Europe shows SUVs are highly desired by Millennials – those aged 17-34 – indicating Europe’s SUV boom is poised to accelerate
  • Millennials most likely to say SUVs make them feel stylish, successful and powerful; 1 in 4 Millennials intending to purchase a vehicle are considering an SUV
  • Young consumers, which tend to be more environmentally conscious than average consumers, believe SUVs have become more fuel efficient and environmentally friendly in the past five years  
  • SUV sales in Europe are expected to increase from 20 per cent of total passenger car sales in 2014 to 27 per cent by 2020, according to industry sales analyst IHS

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COLOGNE, Germany, Sept. 7, 2015 – Turns out the iPhone generation is also the SUV generation. 

A new Ford Motor Company-sponsored survey in Europe shows SUVs are highly desired by Millennials – those aged 17-34 – indicating Europe’s SUV boom is poised to accelerate as the generation reaches prime new car buying age.

More so than other age groups, Millennials say SUVs make them feel powerful when they drive, are the kind of vehicle they want to be seen in and are more sporty and fun to drive than other vehicle types – according to top strategic research consultancy Benenson Strategy Group.

The Millennial generation is also more likely than average to consider it important that a car is perfect for an active lifestyle, with half believing this better describes SUVs than other types of vehicle.

“The survey makes two important points – the SUV boom in Europe is not a passing fad and young people are not as ambivalent about car ownership as some suggest – especially when it comes to SUVs,” said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. “For both rational and emotional reasons, many younger buyers in Europe see SUVs as the perfect choice for them.”

Millennials account for 24 per cent of Europe’s adult population. The new survey shows 1 in 4 Millennials who intend to purchase a vehicle in the next year say they are considering an SUV. 

Industrywide, SUV sales in Europe are expected to increase from 20 per cent of total passenger car sales in 2014 to 27 per cent by 2020, according to industry sales analyst IHS.

The study of 5,000 adults in France, Germany, Italy, Spain and the U.K.* also found:

  • 54 per cent of Millennials believe SUVs are better than any other type of car at going anywhere in city or countryside
  • 52 per cent of Millennials believe SUVs are better at keeping them safe than other types of vehicle
  • 84 per cent of Millennials believe SUVs have become more fuel-efficient and environmentally friendly over the last 5 years
  • 52 per cent of Millennials intending to buy an SUV consider them the only type of vehicle that delivers toughness as well as lifestyle, rational and emotional appeal in a single package

“There is a trend for consumers to seek one-stop solutions – whether it is the smartphone in their pocket that can double as a camera, media player, and torch – or the car on their driveway that offers a fuel-efficient commute and a versatile, and dependable way to accommodate the family on its weekend adventures,” de Waard said.

Ford is showing the European-spec Ford Edge large SUV for the first time at Frankfurt Motor Show next week.  Starting with the launch of the Edge early next year, Ford plans to introduce five new vehicles in the next three years that will compete in the SUV and crossover space. In addition, later this year, Ford will introduce updated versions of the EcoSport small SUV and Kuga mid-sized SUV.

As a result, Ford is targeting sales of 200,000 SUVs in Europe by 2016 – a 200 per cent increase compared with 2013.

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Ford commissioned survey of 1,000 adult respondents 17-years and above in each market: France, Germany, Italy, Spain and the U.K.

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 195,000 employees and 66 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit www.corporate.ford.com.

 

Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 50 individual markets and employs approximately 53,000 employees at its wholly owned facilities and approximately 67,000 people when joint ventures and unconsolidated businesses are included. In addition to Ford Motor Credit Company, Ford Europe operations include Ford Customer Service Division and 23 manufacturing facilities (15 wholly owned or consolidated joint venture facilities and 8 unconsolidated joint venture facilities). The first Ford cars were shipped to Europe in 1903 – the same year Ford Motor Company was founded. European production started in 1911.