company

Bain & Company

Global management consulting firm

Business · Car buyers want lower prices and better technology, Bain survey finds

A new Bain & Company survey of global car buyers finds customers increasingly expect both lower prices and better technology, with technology and features now ranking ahead of price for consumers in China even as price remains the top concern in the United States and Europe. The findings add pressure on legacy automakers whose brand loyalty is fading, and who face intensifying competition from Chinese manufacturers.