Canadian Auto World
Audi A4 sedan is attracting a 'somewhat older typical buyer' : JD Power
Monday October 18, 2010 - 1:10 pm
Published By: The Formula Publications Team
|2010 Audi A4|
In addition, 50.8 per cent of A4 sedan buyers are female, which ranks the model near the top of this competitive set but still considerably behind the Lexus IS 250, the release continued.
JD Power figures show that slightly more than one-sixth of all A4 sedan transactions to date have included a trade with 5.0 per cent of these trades being upside down (the amount of the outstanding loan exceeded the value of the trade-in vehicle), which ranks it second in this competitive set and just marginally ahead of the Cadillac CTS.
Fewer than two of every 10 Audi A4 transactions were cash deals (a category that includes transactions in which the customer obtained a loan privately), mirroring trends of the BMW 328i and Infiniti G37.
Also, it continues, approximately 44 per cent of all A4 sedan customers chose to lease, which is in line with the lease penetration of the Acura TL.
The average transaction price of the A4 sedan is $45,678, which places it in the upper end of the price range specific to the competitive set. This average transaction price takes into consideration the Premium, Premium Plus, and 30th Anniversary Edition trim levels, as well as the front-wheel-drive and Quattro (all-wheel-drive) versions.
The retail turn rate of the A4 sedan sits at slightly more than 2 weeks, the lowest turn rate in this competitive set by a very wide margin.