Effect of consumer behaviour and perception on car purchase decision: Empirical Evidence from Lagos - Nigeria

• Main Authors: Samuel Taiwo Akinyele, Kola Olorunleke
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Victoria Island
• Online Access: http://manager.faa.ro/download/655_1508.pdf; http://manager.faa.ro/en/article/Effect-of-consumer-behaviour-and-perception-on-car-purchase-decision-Empirical-Evidence-from-Lagos--Nigeria~655.html

In recent days Nigeria is witnessing a change in consumerism. The market is now predominantly consumer driven. The focus is shifting for product based marketing to need based marketing. Consumer is given many options to decide. Passenger car segment is no exception to this general trend. An effective market communication is imperative for reaching the target audience. So it is important that we study the consumer perceptions and behaviour of the car owners which will give us feedback on how marketing strategies can be worked. Victoria Island in Lagos State, which is in the Southern part of Nigeria, has a progressive and growing market for cars. This area was selected for this study.Pre-testing was done by an interview schedule which was developed and administered to a convenient sample of twenty five car owners. A simple random sampling technique was adopted in the study to select the sample respondents. As the size of the universe is restricted, the study has been conducted on the respondents who are the owners of all the segments of passenger cars. A total of 350 interview schedules were prepared and out of this, only 327 interview schedules were filled up and collected. Data were collected through an interview schedule regarding reception of the respondents on the usage of cars. The following tools were used in testing the hypotheses and in the analysis of data. Descriptive statistical tools such as percentage, mean, median and standard deviation have been used to describe the profiles of consumers, preferred product attributes and level of satisfaction. ANOVA, T- Test and F- test have been used to test the significant differences between the groups of respondents in their perception and satisfaction for selected independent variable like age, sex and income. Chi-square test has been used to test the association between the consumer demographic characteristics and preferred product attributes and satisfaction. Multiple regression analysis has been used to study the influence of income and lifestyle on overall ...