« Ad Industry Reacts to New Online Media Planning Tools | Main | Moody's Gets Online »

Gas Prices Drive “Hybrid” Searches


By Ian Eccleston

In my last post, I wrote about how high gas prices affected traffic to GasBuddy.com and searches for “Gas Prices.” It turns out that skyrocketing gas prices also have a big impact on the number of searches phrases containing “Hybrid,” such as “Hybrid Cars,” “Hybrid Vehicles” or “Hybrid SUVs.” There were 2.74 million searches including “Hybrid” in May 2008 according to comScore Marketer, an 80% increase over May 2007.

Rising gas prices may drive interest in fuel efficient cars in the U.S. more than the concern global warming ever has. The correlation between searches for “Hybrid” and average retail gas prices has a coefficient of .93 and is shown graphically in the chart below.

Comparison of Searches for Phrases Containing Hybrid vs. Average U.S. Monthly Gas Prices - chart available at www.comscore.com/blog

Interestingly, those searching for phrases with “Hybrid cars” and “Hybrid SUVs” or “Hybrid Trucks” show differences in demographics. Those making more than $100k per year were by far the most likely to search for “Hybrid Cars,” while those in the $25-50k income bracket were the most likely to search for “Hybrid Trucks” or “Hybrid SUVs.”

Comparison of demographics of searchers for hybrid cars vs. hybrid trucks/SUVs - chart available at www.comscore.com/blog

TrackBack

TrackBack URL for this entry:
http://www.comscore.com/mt/mt-tb.cgi/187

Post a comment

(comments policy)

Please complete the test below to help us reduce spam:

About

This page contains a single entry from the blog posted on July 16, 2008 10:12 AM.

The previous post in this blog was Ad Industry Reacts to New Online Media Planning Tools.

The next post in this blog is Moody's Gets Online.

Many more can be found on the main index page or by looking through the archives.