This report examines the amount which Australian car buyers are willing to pay for vehicle safety features that protect occupants in the event of a crash. A series of questionnaires, targeted at private car buyers, fleet managers and car renters, were developed to determine the amount that new car buyers are willing to pay for a package of safety features including an air bag, and a package of the same safety features, but without an air bag. Across all surveys the willingness to pay for the air bag and non-air bag packages was found to be high. It was estimated that over 80% of new car buyers would be willing to pay the best estimate retail price or more for both the air bag and non-airbag package. Factors, which appear to be related to willingness to pay, include age, sex, household income and size of car.
Type: Research and Analysis Report
Sub Type: Consultant Report
Author(s): The Roy Morgan Research Centre
Topics: Economic, Occ protection
Publication Date: 01/11/92