Study Shows Rising U.S. Consumer Automotive Brand Loyalty in 2024
According to LexisNexis® Risk Solutions' second annual Brand Loyalty Study, U.S. automotive brand loyalty rose in 2024, nearly reaching pre-pandemic levels. The study reports that the brand loyalty rate increased by 1.8% last year, reaching 52.6%, close to the 54.2% benchmark from 2019. Additionally, the research analyzed 47 brands, with 11 surpassing the industry average in brand loyalty, an improvement over the previous year when only nine brands achieved....