Industry Study Finds Affluent Gen-Xers Flocking to 365-Horsepower Ford Explorer Sport

  • Ford Explorer Sport has higher percentage of Gen X buyers than all
    other non-luxury brand midsize SUVs in the United States, according to
    new vehicle customer study by MaritzCX
  • Exclusive Explorer Sport emerges as a favorite for professional
    Gen-Xers (born 1965-78)
  • Average Ford Explorer Sport buyer has household income of $175,000,
    versus $112,000 for average midsize SUV buyer, study reveals


DEARBORN, Mich.–(BUSINESS WIRE)–Professional Gen-Xers don’t always drive SUVs, but when they do they
drive Ford Explorer Sport, according to a new vehicle customer study by
MaritzCX.

Data from the study shows the vehicle has the highest percentage of Gen
X buyers of any non-luxury SUV in the United States, reflecting this
group’s preference for exclusivity and performance at a great value.
With its 3.5-liter twin-turbo EcoBoost® V6 engine mated to a
six-speed SelectShift® automatic transmission, Explorer Sport
delivers 365 horsepower at 5,500 rpm and 350 lb.-ft. of torque at 3,500
rpm.

Explorer Sport has grabbed a significant 15 percent of total nameplate
sales since its debut in 2014.

Jim Mulcrone, director of research services for MaritzCX, says 23
percent of buyers of other midsize SUVs, on average, are Gen-Xers, but
Explorer Sport attracts nearly 40 percent of those born between 1965 and
1978.

“Ford has a very interesting customer with this product, and what’s
unusual is that many are buying it without trading anything in,” he
says. “Our study shows that while 17 percent of all non-luxury SUV
buyers classify themselves as ‘specialty professionals,’ that number is
closer to one in four with Explorer Sport. It seems this product is
breaking through.”

Peak earning years for members of Generation X are between 47 and 54
years old, and these consumers have a more practical, experiential and
family-oriented mindset than baby boomers did at this stage of life,
says Sheryl Connelly, Ford manager of global trends and futuring.
“Boomers felt the need to display their status in more obvious ways than
Gen-Xers do,” she says. “While both groups are hugely important,
automakers need to pay special attention to Gen-Xers. Our Explorer Sport
fits the profile of the successful member of Generation X.”

Average household income for a buyer of Explorer Sport is $175,000,
versus $112,000 for the average midsize SUV buyer, the study reveals.
Mulcrone says Explorer Sport buyers broaden Ford’s base by attracting
more affluent consumers, including those who have owned premium brands.
Moreover, those Explorer Sport customers who do trade in a vehicle are
twice as likely as average midsize SUV buyers – 12 percent versus 6
percent – to trade in a premium one.

“When consumers look at Explorer Sport, they see all the style and
performance of a luxury SUV, but at roughly $20,000 less,” says Omar
Odeh, Ford Explorer marketing manager. “Our surveys show Explorer Sport
owners highly rate such attributes as ‘power and pick-up,’ ‘fun to
drive’ and ‘overall performance.’ The best part is they represent
incremental buyers for us, in that some don’t even set out looking at
the Ford brand. Explorer Sport is proving it can stand on its own.”

The 2017 Ford Explorer starts at $31,160, plus destination and delivery,
taxes, title and licensing fees; Explorer Sport starts at $45,205. For
more information on Explorer, please visit ford.com.

About Ford Motor Company

Ford
Motor Company
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based in Dearborn, Michigan. With about 201,000 employees and 67 plants
worldwide, the company’s core business includes designing,
manufacturing, marketing, financing and servicing a full line of Ford
cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury
vehicles. At the same time, Ford is aggressively pursuing emerging
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leader in connectivity, mobility, autonomous vehicles, the customer
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Contacts

Ford Motor Company
Chris Terry
313.319.7398
cterry34@ford.com