NASCAR fans top 'corporate awareness' league.
A study by the James Madison University in Virginia has revealed that NASCAR fans are more aware of the corporate impact on their sport than the other 'major league' sports in the United States with nearly half of the total number of fans studied choosing their own products based on a brands involvement with the sport.
They may be little more than 200 mile per hour billboards to some, but thanks to the research conducted by the Universities Centre for sports sponsorship; there is a very good reason for it.
A study by the James Madison University in Virginia has revealed that NASCAR fans are more aware of the corporate impact on their sport than the other 'major league' sports in the United States with nearly half of the total number of fans studied choosing their own products based on a brands involvement with the sport.
They may be little more than 200 mile per hour billboards to some, but thanks to the research conducted by the Universities Centre for sports sponsorship; there is a very good reason for it.
"We've all heard about NASCAR fans' legendary fan loyalty, but that doesn't mean anything if fans don't know who the sponsors are," commented Larry DeGaris, the centre's director. "Our study shows that NASCAR fans' sponsorship awareness is both extensive and accurate.
"For example, 96% of self described 'big' fans of NASCAR correctly identified Budweiser as a sponsor of Dale Earnhardt, Jr. What's more impressive is that awareness remains strong among most drivers in the Nextel Cup Series. I've conducted similar studies for every major sport in the U.S. and nothing comes close."
On average, 36% of NASCAR fans correctly identified primary sponsors for the top 30 Nextel Cup drivers on an unaided basis, the study found.
Additionally, nine drivers topped the 50% unaided awareness level for their primary car sponsors.
The JMU Centre for Sports Sponsorship study concludes, "NASCAR sponsorship is the best buy in marketing. The combination of awareness and effectiveness is unparalleled in the sports world or anywhere else."
The study also found strong awareness for "official" NASCAR sponsors. Unaided awareness for these companies, which use the NASCAR logo in marketing and advertising, averaged 48% across nine product categories. Despite heavy NASCAR involvement by competitors of official sponsors in many product categories, incorrect responses averaged only 20% across the 9 categories.
"With NASCAR doing such a good job of protecting its official sponsors I think you'll see a lot more new product categories opening up," DeGaris said.
The JMU study also confirmed NASCAR fans' strong loyalty to sponsors:
Fans recognise and appreciate sponsors' contributions. 93% of fans said corporate sponsors are "very important" to NASCAR. 76% agreed that, without corporate sponsors, there would be no NASCAR.
Fans "like" corporate sponsorship of NASCAR. 83% of fans said they "like" corporate sponsorship of NASCAR. 43% like it "a lot."
NASCAR fans feel empowered by purchasing sponsors' products. 51% of fans agreed that, when they buy a NASCAR sponsors' product, they feel like they are contributing to the sport.
NASCAR sponsorship touches the soul. 47% of fans agreed that they like a sponsor's brand more because it sponsors NASCAR.
NASCAR fans tend to be long-time followers of the sport and have a high regard for their drivers, according to the study:
Fans regard NASCAR drivers as "real athletes," good role models and credible endorsers. 56% of fans agreed that drivers actually use the products they endorse.
Fans tend to be long-time supporters of the sport. On average, fans reported having been NASCAR fans for 18.6 years.
Live events linked to fan intensity. There is a strong relationship between fan avidity and race attendance. A majority (57%) of fans reported having personally attended a NASCAR race. Almost a quarter (22%) attended a race in the 2004 season.
"Attending a NASCAR race is a very visceral experience and easy to get hooked the first time," DeGaris said.
While results are very positive, the JMU Centre for Sports Sponsorship issued a call to action for sponsors to put more behind activating their NASCAR sponsorships.
"While fans feel positive toward sponsors, we found room for sponsors to activate their relationships more effectively," DeGaris said. "For example, only 17% of fans agreed that they receive special benefits from NASCAR sponsors, such as promotions or discounts. There is clearly room for sponsors to connect even more with fans that embrace corporate support of NASCAR.
"Additionally, fans believe that while the sport faces some challenges, NASCAR leadership is taking the sport in the right direction. We found that 78% of fans agreed that NASCAR is headed in the right direction," DeGaris said. "However, 42% said that NASCAR has lost some of its traditional appeal. Clearly, the sport needs to continue to stay true to its roots as it continues to grow its fan base and enter new markets."
The NASCAR Sponsorship Study is a national telephone survey of 1000 NASCAR fans, conducted during December 2004. Participants in the study were drawn from a panel of NASCAR "enthusiasts" and further screened for fan avidity to ensure valid results.