Monday, April 20, 2015

3 Key Marketing Strategies in Automotive Industry

Automotive Marketing
The results of Nielsen Global Survey of Automotive Demand conducted in 2014 reveals that 3 in every 5 Australians are planning to buy a car in the next 2 years. This is a great opportunity that every automotive dealer must benefit from.


In order to maximize your benefit from this huge growth in demand, marketers must position their businesses correctly in the market. There are 3 emerging trends that automotive marketers need to consider in their growth strategy.

1) Create a fluid marketing approach for old and new cars.

New car purchase intent is stronger among online Australians – more than one in three (34%) say they will buy a new car in the next two years, compared with 24 percent who plan to buy a used car.

Both new and used car buyers were most interested in using online content to book a test drive and to receive helpful tips; while used car buyers were far more interested in accessing a virtual tour of the car interior, and viewing comparison tables and safety specs than the new car buyers.

2) Focus on the emotional side (the why to buy it)

The role the car plays in the consumer’s life is one key to unlocking the drivers of demand. Understanding the motivators of car-buying intenders allows marketers to create messaging that will resonate strongly.

If you know that consumers are driven by status, then sales efforts centered on the luxury car market should be a priority focus. Similarly, with utility-minded, finance-driven or driver-enthusiast consumers, a keen focus on their desires will ensure that your strategies are proactive and aligned with their needs.

3) Forge your online existence.

Traditional media outlets such as TV, magazines and radio if used in conjugation with a website and a mobile platform will greatly help you to reach your targeted audience.

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