page contents Automotive Thought Leader: Ralph Paglia: 1 in 5 Americans Have Bought a Brand of Car that a Friend Has Followed on Facebook - Automotive Digital Marketing Professional Community My title page contents

Friday, June 29, 2012

1 in 5 Americans Have Bought a Brand of Car that a Friend Has Followed on Facebook - Automotive Digital Marketing Professional Community

1 in 5 Americans Have Bought a Brand of Car that a Friend Has Followed on Facebook - Automotive Digital Marketing Professional Community


20% of American Car Buyers Have Bought a Brand of Car That a Friend Has Followed on Facebook 
18% of US consumers - including 23% under 35 - have bought a brand because their friends like or follow the brand on a social network, per findings from an Ipsos survey released in June 2012.
This figure was much higher in other markets, though, led by China (54%), India (44%), Turkey (39%), and Indonesia (39%). Overall, 22% of the consumers polled in 24 countries around the globe said that they had bought a brand due to a friend following it on a social network, with the under 35 group twice as likely as the 50-64-year-old set to have done so (27% vs. 13%).

A comScore study released in June used a variety of case studies to demonstrate that Facebook earned media influences buyer behavior, with friends of fans proving a potent audience for brands.

Marketers Mixed on Facebook’s Purchase Influence

Marketers appear to see some value in Facebook’s ability to fuel purchase intent, although they are somewhat ambivalent about the extent to which this is the case. According to an AdAge survey of its readers (who classified themselves as decision-makers in social media marketing), while slightly more than two-thirds say that Facebook is at least somewhat useful in driving purchase intent, the majority of those respondents (55.5% overall) believe that it is only somewhat useful.

In fact, roughly one-third either don’t know (19%) or don’t find Facebook useful (13.4%) at all.

Facebook Ad Dollar Growth to Lag Social Media Overall

Further data from the AdAge survey reveals that more than 7 in 10 marketers expect to increase their social media advertising budgets over the next year, compared to 25.3% who will maintain current levels and 1.9% who will decrease spending. Interestingly, though, a smaller proportion (56.4%) will increase their Facebook ad budgets, suggesting that social media advertising budgets may be headed for other networks.