The Jerry 2022 State of the American Driver report reveals the impact of the ongoing pandemic on car sales, commuting and future driving expectations
The report analyzed the results of a national survey of American drivers aged 16 to 75, combined with Jerry’s proprietary business data of more than 1.5 million US-based drivers, and found that he there was no evidence of a drop in demand for cars or the cost of driving. . The survey found that 80% of American drivers consider a car essential for carrying out their daily or weekly activities. Still, drivers are limiting their time on the road, with 63% of consumers surveyed saying rising gasoline costs have impacted their driving in 2021.
The main findings of the report include:
- More Americans expect to sell cars in 2022 than in 2021, and digital platforms (Autotrader, Facebook Marketplace, Craigslist, etc.) are the most common way to sell. Baby boomers always go for the trade-in at the dealership, and women are 3 times more likely to sell on Facebook Marketplace. The main reasons for selling in 2021 were moving to an urban area, stopping commuting and rising gasoline prices.
- One in four American drivers plans to garage in 2022, pointing to more potential tensions on supply and demand in the automotive market. Another third will buy if prices drop. Contrary to popular belief, once at the car dealership, women are slightly more likely to believe that they will be treated fairly than men.
- Half of those polled have chosen to drive instead of flying in 2021, and almost half (44%) of them intend to fly in 2022. While business travel is making a slow comeback, in part because of virtual meetings, the majority of Americans expect to return to pre-pandemic daily travel standards. The cost of travel has increased for some who cited rising gasoline prices as the reason for the increase.
- While carpooling seems to be ubiquitous for many, 50% of Americans have never used a ridesharing app (Uber, Lyft, etc.), with age and region being a major differentiator. 72% of baby boomers have never called, compared to 36% of Gen Z. Midwesterners have likely never used a rideshare app.
- One-third of Americans surveyed never expect to drive an EV in their lifetime while half expect less than 10 years. However, they are‘t do it to slow climate change. Buyers of electric vehicles are primarily motivated by fuel economy. Millennials are the most eager to go electric, followed by Gen Z – who want EVs because they are. “cool “more than any other reason.
- Americans divided on the potential of autonomous vehicles in their daily life, 40% of drivers never expect to use an autonomous vehicle. Gen Z drivers were the most likely to say they expected to use a fully autonomous vehicle within five years, while all other respondents were the most likely to say they never expected to use one.
“Our report confirmed that the effects of the pandemic era on costs and inventory continue to impact the buying and selling of cars, the frequency of driving and the need to drive among Americans ”, said data scientist Jerry Lakshmi Iyengar. “Americans experienced sticker shock when buying new and used cars in 2021, and no relief is in sight this year. This increases the total cost of owning a car and creates the need to cut costs elsewhere. Despite the strong interest in electric vehicles due to the expected cost savings, consumers have likely won‘Don’t find immediate cost reductions when buying an EV. This could happen over the next 10 years as the technology and charging infrastructure mature. ”
Personal vehicles represent 20% of Americans‘ budgets and there are ways to save. The Jerry app saves customers time and money on car expenses. The average Jerry customer saves money 850 $ one year on auto insurance.
“At Jerry, we‘are already helping customers save money on insurance, and we‘This will help them save even more as we continue to add money saving features to our super car ownership app in 2022, ”added Iyengar.
Methodology: The Jerry 2022 State of the American Driver report analyzed data from a nationally representative survey of 1,250 respondents and analyzed in Dec. 2021 use SurveyMonkey Audience to gain insight into the trends, perceptions and outlook of U.S. drivers. The survey respondents were Americans between the ages of 16 and 75 who drive at least once a week. The ages have been broken down into Generation Z (16 to 24), Generation Y (25 to 40), Generation X (41 to 56) and Baby Boomers (57 to 75). The results were balanced for age, gender, and condition. Information on how respondents are recruited for SurveyMonkey is available on SurveyMonkey‘s website. Jerry also analyzed proprietary business data from over 1.5 million US-based drivers to better understand auto insurance trends nationwide.
About Jerry Services, Inc.
Jerry saves you time and money on your car expenses. Jerry first launched his AI and machine learning-based auto insurance comparison service in 2019 and today serves over 1.5 million clients as a licensed insurance broker in the 50 states. For more information or to save on auto insurance, visit getjerry.com or download the Jerry app in the App store Where google play.