Advances in Consumer Research
Issue 4 : 523-551
Original Article
Focus Group And Structural Equation Model Based Determination of Influence of Life Events In Triggering Purchase of Automobile Products For Different Age Groups of Indian Customers
 ,
 ,
1
Indian Institute of Management Shillong, Meghalaya, India
Abstract

During occasions like marriage, birth of a newborn, housewarming celebrations etc. purchase of luxury products is quite common in India. It has been seen from a few literary evidences collecting samples from different countries in the world that automobile product purchase intention triggered by life events, varies among different age groups across the countries. Therefore, investigating the same in Indian context is worthwhile because it has been inadequately explored and established as a literature gap. In this research work, we have conducted focus group discussions to identify the life events that may encourage people of India belonging to different age groups to undergo the transition from zero-ownership state to one-ownership state. Then cluster analysis is performed to find out age groups with distinct choice of events suitable for purchase of automobiles. Subsequently, for each such group, separate structural equation models are proposed to demonstrate influence of each life event on automobile purchase intention of Indian customers.

Keywords
Recommended Articles
Original Article
A Review Study of AI-Driven Smart Manufacturing for Quality Enhancement in Defence Production and Directions for Future Research
...
Original Article
Banking Service Experience and Customer Satisfaction: An Empirical Study of Rural Customers in Rajasthan
Original Article
Consumption Values and Millet Instant Food Choices: A Structured Model Assessing the Mediating Role of Attitude
Original Article
Women Empowerment Through Five-Year Plans in India (1951–2017): A Study in Policy Evolution and Social Development
Loading Image...
Volume 3, Issue 4
Citations
481 Views
547 Downloads
Share this article
© Copyright Advances in Consumer Research