Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

Zacks #1 Stocks on the Move 05/15/2013

Company Name Symbol %Change
A M R CP AAMRQ
9.85%
KRATOS DEFEN KTOS
5.27%
NOAH HOLDING NOAH
5.43%
QIHOO 360 TE QIHU
3.31%
AETERNA ZENT AEZS
3.67%
Consumers Desire More Automated Automobiles, According to Cisco Study

Print Share

SAN JOSE, CA, May 14, 2013 (Marketwired via COMTEX) -- Cisco (NASDAQ:CSCO) today announced results of the Cisco Customer Experience Report focused on the automobile buying and driving experience. Study surveyed more than 1,500 consumers across 10 countries. The global report examined consumer preferences of technology used when buying and driving an automobile. Consumers also identified key influencers preference for car dealers/manufacturers to provide a more personal driving experience, and their trust in future automotive innovation.

Consumers demonstrated in the survey how information and technology are crucial throughout the car experience. From the car purchasing experiences to service maintenance, consumers are using more advanced communication technologies (such as mobile, text, telephone, websites, embedded communications devices) to engage with manufacturers and car dealerships. Results show roughly half (47%) of global consumers value the brand's reputation for adopting technology when purchasing a vehicle.

Globally, consumers are eager to see more transportation changes in customization, safety, time, and cost savings. Brazil, China and India show significantly more willingness to provide information on driving habits, in exchange for cost and time efficiencies, and may have more trust in driverless automobiles.

Key Highlights:

Prior to purchasing a vehicle, consumers prefer to begin their process online.

--  Most consumers begin their car purchasing process online: 83% of
    global consumers prefer to research online for information on a car,
    versus only 17% of consumers that prefer to call or go to dealership.
--  Trust in Manufacturer Website: 61% use manufacturing websites when
    researching to purchase a car. This is good news for the digital world
    as 78% of consumers trust their online research.

Consumers desire a more automated way to track car maintenance costs

--  Impact of gas prices on customer experience: 52% of consumers want to
    track gas prices from a vehicle. Gas-price tracking was the highest
    priority, compared to 46% of consumers wanting to track insurance
    prices, 35% wanting to track roadside assistance availability, and 32%
    wanted to track recall information
--  Tracking car maintenance costs: Consumer demand for tracking vehicle
    operating costs was shown with 62% of consumers stating they would
    purchase a device designed to keep them on track with their monthly
    budget for gas and auto maintenance.

Consumers are willing to trade personal information for customization, security and savings

--  Lower Insurance/Maintenance: 74% would allow their driving habits to
    be monitored in order to save on insurance or service maintenance or
    costs.
--  More Personal Security: 60% would provide biometric information such
    as fingerprints and DNA samples in return for personalized security or
    car security.
--  Customized Car: 65% would share personal information such as
    height/weight, driving habits, entertainment preferences if this
    allowed a more customized vehicle and driving experience.

Consumers Trust in Automated or Driverless Automobiles

--  Driverless automobiles: More than half of global consumers (57%)
    stated they would be likely to ride in a car controlled entirely by
    technology that does not require a human driver. The most trusting
    consumers in this regard were in Brazil with 96%, India with 86%, and
    China with 70%.
--  Kids on board: Consumer trust dropped to 46% when asked if they would
    let their kids ride in driverless automobiles. Consumers least likely
    in this regard were in Japan, France, and Germany, where only 6% would
    allow their kids ride in a driverless automobile.

Supporting Quotes: Andreas Mai, director of product marketing for Connected Industries Group at Cisco "Most consumers expect to be connected to the internet wherever they are. Since they may spend much of their time in their car, it stands to reason they want their car to be more connected. This consumer survey confirms that it is time to take the internet to the road and into our cars."

Peter Granger, Senior Industry Marketing Manager, Cisco Products Solutions Industry Marketing: "The survey shows consumers' comfort with technology and need for immediate information whether they are researching, buying, driving or servicing their vehicle. While consumers in diverse parts of the world may expect very different experiences, their technology demand is more positive than many manufacturers imagine. Many consumers are just waiting for manufacturers to respond with better car buying, driving and service experiences augmented by technology."

Supporting Resources: Cisco Customer Experience Report website

Social Media: Follow Cisco on Facebook, Twitter and LinkedIn

About Cisco Systems Cisco (NASDAQ:CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2310336

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2310339

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2310348

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2310345

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2310342

Press Contact:
Bessie Wang
Cisco
1 408 526 6009
Beswang@cisco.com

SOURCE: Cisco

mailto:Beswang@cisco.com

(C) 2013 Marketwire L.P. All rights reserved.

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.