MOUNTAIN VIEW, Calif., June 14, 2016 /PRNewswire/ -- Based on recent analysis of the motor oils market, Frost & Sullivan recognizes ExxonMobil as the recipient of the 2016 US Product Leadership award. The award is based on reviews of data from automotive technicians who were asked to benchmark their preferences and opinions regarding key motor oil products and vendors.
"In our recent survey of automotive technicians, respondents were asked to select the brand of motor oils they consider the overall best," said Frost & Sullivan Program Manager Stephen Spivey. "Mobil 1 was named the overall best brand of motor oils by 22% of technicians surveyed. In 2015, Mobil 1 already had a 10% lead over its nearest competitor."
When quizzed on why they rated Mobil 1 oils the best, many technicians highlighted the quality and the reputation of the product as superior. They indicated manufacturers used it and customers trusted it.
"In a 15 point comparison chart between Mobil 1 and its nearest competitor, Mobil 1 led on most key points, including timely delivery, ease of ordering process, customer preference, and warranty coverage," added Spivey. "This is a strong vote of trust, considering that more than 70% of respondents have 15+ years of experience."
For leading the market based on stringently selected criteria, ExxonMobil is the worthy recipient of the 2016 US Product Leadership award in the motor oils market. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality, gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan's Best Practices awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.
ExxonMobil Corporation markets motor oils under the Mobil 1 brand, which is particularly known for its Mobil 1™ 100% synthetic oil. This product was introduced in 1974, and related products include automatic transmission fluids, gear lubricants, synthetic grease, and oil filters. For more information, visit https://Mobiloil.com.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs. ExxonMobil holds an industry-leading inventory of resources and is the largest refiner and marketer of petroleum products. Its chemical company is one of the largest worldwide. For more information, visit http://exxonMobil.com.
About Frost & Sullivan
As a Growth Partnership company, Frost & Sullivan collaborates with clients to leverage visionary innovation to address global challenges and related growth opportunities that could make or break today's market participants.
Frost & Sullivan's Growth Partnership supports clients by addressing these opportunities and incorporating 2 key elements driving visionary innovation: the Integrated Value Proposition and the Partnership Infrastructure.
- The Integrated Value Proposition provides support to clients throughout all phases of their journey to visionary innovation, including research, analysis, strategy, vision, innovation, and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible, including 360 degree research, comprehensive industry coverage, and career best practices as well as Frost & Sullivan's global footprint of more than 40 offices.
For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1,000; emerging businesses; the public sector; and the investment community.
Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
P: +44 (0) 207.343.8314
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/frost--sullivan-survey-reveals-exxonmobil-corporation-as-the-leader-in-the-us-motor-oils-market-300282814.html
SOURCE Frost & Sullivan