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NEWS RELEASE DETAIL
Monday, November 17, 2008
J.D. Power and Associates Reports: Hino Trucks Ranks Highest in Customer Satisfaction with Conventional Medium-Duty Trucks; Chevrolet Ranks Highest in Customer Satisfaction with Dealer Service
Hino Wins Top Honors
Hino Wins Top Honors

J.D. Power and Associates Reports: Hino Trucks Ranks Highest in Customer Satisfaction with Conventional Medium-Duty Trucks; Chevrolet Ranks Highest in Customer Satisfaction with Dealer Service
Customer Intent to Purchase or Lease New Medium-Duty Trucks Declines to Lowest Level Since 2002

WESTLAKE VILLAGE, Calif.: 17 November 2008 —

Hino Trucks, a Toyota Group Company, ranks highest in customer satisfaction among conventional cab medium-duty trucks in its second model year of producing the vehicles, according to the J.D. Power and Associates 2008 Medium-Duty Truck Customer Satisfaction Study.SM

The study, now in its 16

th year, measures customer perceptions of 2006 model-year Class 5, 6 and 7 commercial vehicles, and provides manufacturers with a comprehensive and objective measure of customer satisfaction with the product, dealer service and parts. The study also provides information regarding loyalty and brand image.

Within the conventional cab truck segment, four factors are measured to determine overall satisfaction. In order of importance, they are: vehicle performance; quality; warranty; and cost of ownership. The study also measures satisfaction with services received from authorized truck dealer service departments by examining six factors: dealer facility; service quality; service delivery; service initiation; service advisor; and price.

Conventional-Cab Truck Rankings

Hino improves notably from 2007 in each of the four factors and performs particularly well in the quality and warranty factors. Hino completely switched its model lineup from cab-over to conventional-cab trucks starting with the 2005 model year. Peterbilt closely follows Hino in the rankings, while Chevrolet, Freightliner, GMC Trucks, Sterling and Kenworth, respectively, also rank above the segment average.

“Hino was a perennial quality and performance leader in the cab-over segment until it exited that market with the 2005 model year,” said Brian Etchells, senior research manager in the commercial vehicle group at J.D. Power and Associates. “At that time, there was great anticipation in the industry to see how Hino would perform in the much more competitive conventional market. While it’s not unusual to see manufacturers struggle with quality and design issues when launching new models, Hino’s 2005 model year lineup performed well in our 2007 study, ranking fourth out of nine makes. Hino greatly improved the performance of its 2006 models to rank highest in this year’s study, which is clearly a reflection of its dedication to satisfying customers and building quality trucks.”

Dealer Service Rankings

Chevrolet ranks highest in customer satisfaction with dealer service for a third consecutive year, performing particularly well in all six factors. Hino follows Chevrolet in the rankings, performing well in the service quality, service delivery, service initiation and service advisor factors. Sterling and GMC Trucks, respectively, also rank above the industry average.

“Chevrolet and Hino both improve notably from 2007, with markedly higher scores for Hino in each of the six factors,” said Etchells. “A strong dealer service network can help lessen the impact that component failures have on satisfaction. Ensuring trucks are repaired quickly and fixed right the first time can go a long way toward minimizing downtime and inconvenience for the customer.”

Other Industry Findings

The study finds that customer intent to purchase or lease new medium-duty trucks within the next 12 months has reached its lowest level since 2002. Compared with the 2007 study, Class 6 and 7 owners in 2008 are much more likely to say they “probably will not” or “definitely will not” purchase or lease new trucks in the next 12 months.

In particular, the percentage of owners who say they do not intend to purchase or lease has increased notably among Class 6 owners.

“During these challenging economic times, many owners are planning to hold on to their trucks longer,” said Etchells. “These findings—coupled with similar levels of purchase intent among Class 8 customers found in the 2008 Heavy-Duty Truck Customer Satisfaction Study—point to more lean times for the U.S. commercial vehicle industry in the short term.”

The study also finds that the intent to purchase or lease a new truck among Class 5 owners has increased slightly in 2008, with 21 percent of owners indicating they “definitely will” purchase or lease a new truck within the next 12 months. Conversely, only 18 percent of owners in the 2007 study said the same.

The 2008 Medium-Duty Truck Customer Satisfaction Study is based on responses from 1,525 primary maintainers of two-year-old conventional cab medium-duty trucks. The study was fielded in July and August 2008. For more information or to view medium-duty truck rankings, visit

JDPower.com

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor’s, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com.

Media Relations Contacts:

Lindsay Wagner
Brandware Public Relations
New York, N.Y.
(516) 594-0072
lwagner@brandwaregroup.com

Syvetril Perryman
J.D. Power and Associates
Westlake Village, Calif.
(805) 418-8103
syvetril.perryman@jdpa.com

No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power and Associates.

www.jdpower.com/corporate

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