Are consumers globally likely to spend more on automobiles over the next six months?
In a new YouGov Surveys: Serviced poll across 18 key international markets we asked consumers if they expect their spending on cars or vehicles to increase. Less than a fifth of the consumers we polled globally (17%) say they believe they will spend more on automobiles in the next six months, compared to their spending over the previous six months.
While almost half of respondents say the same about groceries (46%), almost a fifth of consumers say so about medicines and healthcare products (19%) and air travel and hotels (18%). Streaming subscriptions (8%) and video games (6%) round out the bottom of the list of categories where consumers expect to spend more money over the next six months.
An outlier in the APAC region, Australia (28%) has the largest proportion of consumers – almost twice as many as most other APAC markets - who expect to spend more on automobiles now than they have in the past six months. While nearly a fifth of consumers in India (18%) and Indonesia (17%) expect the same, less than a tenth of consumers in Singapore (9%) agree.
One in five of respondents in the UAE (20%) say they expect their automotive spending to increase over the next six months.
An almost equal proportion of consumers in Canada (22%) and the US (20%) share the same opinion - compared to just 14% of respondents in Mexico.
Respondents across our polled European markets display similarly scattered views. While a fifth of consumers in Great Britain (20%) and France (18%) expect greater spends on cars or other vehicles in the next six months, this proportion falls considerably amongst consumers in Sweden (13%), Denmark (11%) and Spain (7% - the lowest of all regions).
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Methodology: YouGov Surveys: Serviced provide quick survey results from nationally representative or targeted audiences in multiple markets. The data is based on surveys of adults aged 18+ years in 18 markets with sample sizes varying between 509 and 2,003 for each market. All surveys were conducted online in July 2023. Data from each market uses a nationally representative sample apart from Mexico and India, which use urban representative samples, and Indonesia and Hong Kong, which use online representative samples. Learn more about YouGov Surveys: Serviced.