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Gas Prices Aren’t Negatively Impacting Consumers Decision To Travel Over Holiday Weekend

The start of the summer driving season is expected to be a bit of a mixed bag, based on feedback from a Swapalease.com Memorial Day Driving Survey conducted during the first two weeks of May. More people feel that gas prices aren’t negatively impacting their decision to travel compared with last year. However, fewer people plan on traveling during this year’s holiday weekend.

How far do you plan to travel via automobile on Memorial Day weekend?

 

 

 

2013

2012

 

Will not be travelling

 

21.5%

16.0%

 

Under 50 miles

 

26.5%

25.0%

 

50-150 miles

 

20.6%

24.3%

 

151-250 miles

 

13.0%

12.5%

 

Over 250 miles

 

18.4%

22.2%

 

Interestingly enough, fewer people told Swapalease.com they plan to travel far distances greater than 250 miles compared with trips taken in 2012. What’s more, a slightly larger group of drivers say they will travel more in the under-50 miles region, indicating they plan to stay close to home more so than in 2012.

Did you travel anywhere via automobile the previous year?

 

 

 

2013

2012

Yes

 

 

50.9%

60.6%

No

 

 

49.1%

39.4%

The sentiment to travel less and stay home in general is interesting since the survey data show a large differential among people who feel the price of gas will negatively impact their decision to travel. Even more interesting, the current average price of gas is just $.11 cheaper than the same time last year ($3.60 vs. $3.71).

Are fuel prices negatively impacting your decision to travel on Memorial Day weekend?

 

 

 

2013

2012

 

 

Yes

 

 

28.1%

56.3%

 

 

No

 

 

60.6%

35.4%

 

 

Not sure

 

 

11.3%

8.3%

 

 

With gas just $.11 cheaper than last year, 15% fewer people plan to rent a vehicle with better gas mileage compared to last year. Additionally, 12.4% more people plan to rent or lease a larger vehicle compared with last year.

Have you considered any of the following for your Memorial Day travel plans?

 

 

 

2013

2012

 

Renting a vehicle with better gas mileage

44.5%

52.3%

 

Leasing a vehicle with better gas mileage

28.1%

29.7%

 

Renting/leasing a hybrid

 

16.4%

17.1%

 

Renting leasing a larger vehicle

25.3%

22.5%

 

While the following data wasn’t available in last year’s survey, the majority polled in 2013 say they plan to drive either a SUV or sedan this Memorial Day weekend. The interesting component here is the large gap between those driving a SUV (38.3%) and those driving a crossover (8.3%), which offers size and comfort at a lower price point.

What type of vehicle will you be driving this Memorial Day weekend?

 

 

 

2013

2012

 

Compact

 

 

10.2%

N/A

 

Sedan

 

 

35.0%

N/A

 

Sports

 

 

11.2%

N/A

 

Luxury

 

 

15.5%

N/A

 

Crossover

 

 

8.3%

N/A

 

SUV

 

 

38.3%

N/A

 

Pickup

 

 

5.3%

N/A

 

Views: 24

Tags: auto, automotive, car, lease, swapalease

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