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January 31, 2007

Snap-on Wins Frost & Sullivan's Technicians' Choice Awards

Company the Overall Leader and Brand-of-Choice for Auto Technicians

KENOSHA, Wis. -- Snap-on Incorporated - a leader in the development, manufacturing and marketing of tool and equipment solutions - has announced that it has won seven 2006 Technicians' Choice Awards from global growth consulting company Frost & Sullivan.

The awards, which measure the everyday tool preferences of automotive technicians in the United States and the United Kingdom, will be awarded at Frost & Sullivan's annual 2007 Best Practices Awards Banquet on Feb. 7, 2007 in Anaheim, Calif.

Snap-on was a winner in nearly all tool product categories, with automotive technicians selecting Snap-on by a large margin as the best overall brand for hand tools, scan tools and tool storage in both the United States and United Kingdom. Technicians in the United Kingdom also selected Snap-on as the best brand of power tools in the survey.

According to Frost & Sullivan, Snap-on led in all areas explored including "Best Quality," "Most Innovative," "Best Retailer Customer Service" and "Overall Best Brand." In most instances, Snap-on's winning percentage for overall best brand was significant over the second place contender.

"Snap-on led its nearest competitor by at least a 3:1 margin in customer preference in all categories and in some cases by as much as 9:1," said Subroto Banerjee, partner in charge of Frost & Sullivan Automotive. "What makes this margin of victory so amazing is that this market is fragmented and extremely competitive. That Snap-on continues to hold such a commanding position is a tremendous testament to the fact that customers value its focus on quality and innovation."

In the United States, 76 percent of professional technicians surveyed rated Snap-on as the best brand of hand tools, while the second place brand earned only eight percent. Similarly, in tool storage, Snap-on's margin of victory was 65 percent to 10 percent, while in the scan tool category, Snap-on topped the survey with 51 percent, compared to the second place finisher with 18 percent. In the United Kingdom, Snap-on's power tools won by a margin of 52 percent to 16 percent.

For the awards, Frost & Sullivan randomly surveyed professional automotive technicians and asked the respondents to select the brand they considered to be the best in each evaluative category from a list of market competitors. The survey measured brand preferences for hand tools, power tools, hand-held scan tools and tool storage devices based on best quality, innovation, best retailer customer service and best overall brand.

Source: Snap-on Incorporated

Posted by Frank at January 31, 2007 12:16 PM | Filed under 5th Wheel | Auto News

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