Smart Car Analysis

TEAM CASE ASSIGNMENT- unfermented automobile USA 1. IDENTIFY AT to the lowest degree 3 BASES FOR memberING THE commercialize FOR snotty-nosed railcar IN THE US. PREP be A MARKET- crossroad GRID ILLUSTRATING AT LEAST ONE OF THESE BASES. ? Geographic Segmentation Larger cities that suffer from congestion ? demographic Segmentation Appeal to younger adults(Age), Affordability (Income) ? Behavioral Segmentation Park-ability, Less provide, environmental consciousness 2. What criteria should Smart Car use in assessing the cuteness of likely grocery segments?Select the market segment that you think is the most attractive for Smart Car and discuss the considerations that led you to make that target market decision. ALTHOUGH THE CRITERIA OF COMPETITIVE POSITION understructure BE USED DUE TO THE menial NUMBER OF COMPETITORS, THE EXPECTATION OF MARKET GROWTH WILL INFLUENCE COMPETITORS TO participate THE MARKET. THEREFORE, THE FIRST CRITERIA USED TO ASSESS THE ATTRACTIVENESS OF POTE NTIAL MARKET SEGMENTS WOULD BE THE EXPECTED GROWTH. THE SIZE OF THE MARKET IN THE SEGMENT WILL underwrite TO GROW signifi provoketly.AMERICANS HAVE many an(prenominal) REASONS TO START seemING TOWARDS SMALLER simple machineS glide GAS PRICES, scotch DOWNTURN, CONGESTION, AIR POLLUTION AND special KING LIMITATIONS/DIFFICULTY. besides, AS technology ADVANCES SYSTEMS AND PRODUCTS SEEM TO GET SMALLER. THE KEY TO MARKET SUCCESS IS THE REALIZATION BY AMERICANS THAT SMART motorcar CAN ADDRESS MANY FACTORS ENVIRONMENTALLY AND ECONOMICALLY. MANY CONSUMERS are NOT AWARE OF THE ASPECTS AND FEATURES OF SMART automobile. SMART CAR ENCOMPASSES renewal, INTELLIGENCE, FUNCTIONALITY, force out EFFICIENCY AND MOST OF ALL SAFETY IN ITS SMALL DESIGN.IT IS ALSO MADE OUT OF RECYCLABLE MATERIALS TO BE ENVIRONMENTALLY RESPONSIBLE. THE CAR CAN BE PARKED UNIQUELY IN AREAS THAT REGULAR SIZED CARS CANNOT HOLD. THE SMART CAR WILL BE A TRENDSETTER FOR SMALL CARS. THE MARKET SEGMENT THAT THE SMART CAR WOULD MOST BE ATTRACTIVE TO IS THE MODERATE INCOME INDIVIDUALS, WHICH ARE USUALLY YOUNGER ADULTS. HOWEVER, WITH THE CURRENT ECONOMIC CRISIS MANY INDIVIDUALS INCOME HAVE importantly DECREASED. SMART CARS AFFORDABILITY WOULD APPEAL TO THOSE THAT WANT TO SAVE ON THE PURCHASE OF CAR WHICH WOULD ALSO LEAD TO fuel COSTS SAVINGS.AS terminate PRICES CONTINUE TO SOAR, THE MARKET FOR FUEL EFFICIENT SMALL CARS WILL INCREASE. THIS WAS EXEMPLIFIED finished THE CASH FOR CLUNKERS CAMPAIGN BY THE GOVERNMENT IN WHICH MORE CONSUMERS LOOK TOWARD SMALL CARS TO SAVE ON GAS. SMART CAR IS FOR THOSE WHO WANT TO exculpate A STATEMENT ABOUT WHO THEY ARE THROUGH THE PRODUCT THAT THEY BUY. 3. HOW capacity SMART CAR USE SEGMENTATION FOR POSITIONING PURPOSES? BASED ON SEGMENT YOU SELECTED, CREATE A POSITIONING STATEMENT FOR SMART CAR IN THE U. S. DISCUSS YOUR POSITIONING STATEMENT IN TERMS OF relevancy TO THE TARGET MARKET TOWARDS WHICH THE STATEMENT IS WRITTEN.Product investing refers to the place in consumers minds that an offering occupies important attributes relative to competitive products. A marketing manager stand use product positioning to change the way in the future, the position of the product in consumers minds. Segmentation can be used by swank car for positioning purposes by using differentiation positioning which involves seeking a less competitive, littler market niche in which to locate a brand. Smart car should use demographics segmentation in order to accomplish desired results.Smart cars are less expensive and smaller than regular cars as a result, it appeals to the younger generation as can be seen in the grid above. This is so because, they have lower income, they motive power to the city more frequently and therefore needs the convenience of smart car. Smart Car Positioning Statement For educated consumers who desire an favorable commute in heavy traffic, easier parking and hassle free brainish experience. Smart Car is an affordable automobile that is fuel efficient and the shell in safety and convenience.This focuses smart cars marketing strategy, and lead lead them to lapse improving technology that will continue to keep the target market interested such as iPod and blue tooth might in the cars. They will also continue to ensure that their competitors do not succeed in making smaller or more fuel efficient cars than theirs. 4. Assuming the target market that you selected, create a perceptual map for Smart Car and its primary competitors. Discuss any devote opportunities, and Smart Cars ability/inability to meet those needs. picSMART CAR HAS THE ABILITY TO REACH A NICHE MARKET THAT HASNT BEEN EXHAUSTED. THE U. S. MARKET HAS NOT BEEN OVERLY FRIENDLY TO ULTRA-EFFICIENT fomiteS IN RECENT YEARS, BUT THAT HAS BEEN behind CHANGING AS GAS PRICES HAVE INCREASED. BECAUSE OF THE INCREASE AMERICAN DRIVERS ARE READY FOR SMALL, EFFICIENT AND DISTINCTIVE CARS. PREVIOUS SUBCOMPACTS HAVE CARRIED FUEL parsimoniousness OVER INTO DESIGN ECONOMY, RESULTING IN DRAB, GENERIC CARS. THIS CUSTOMIZABLE CAR IS A SMALL, TWO-PERSON VEHICLE THAT WILL APPEAL TO A YOUNGER AUDIENCE WHOSE CONCERNS ARE adapt close to LESS INCOME.INDIVIDUALS WHO WOULD LIKE TO SAVE ON TIME, FUEL AND concern WILL BENEFIT FROM THIS VEHICLE. OVERALL, THE FORTWO IS PROBABLY THE MOST FUEL-EFFICIENT FOUR-WHEELED VEHICLE WITH A CONVENTIONAL GASOLINE ENGINE ON THE MARKET. HOWEVER, IT CANT CURRENTLY COMPARE TO THE MPG total OF A HYBRID, AND IT IS MORE EXPENSIVE THAN JUST ABOUT ANY different SUBCOMPACT AVAILABLE TO twenty-four hours, BUT IT HAS A DISTINCTIVE, ATTENTION-GRABBING DESIGN AND IS CERTAINLY EASIER TO PARK THAN ANYTHING EXCEPT A MOTORCYCLE. 5. AT PRESENT, THE US MARKET FOR SMART CAR IS RELATIVELY SMALL, BUT GROWING.WHAT MARKETING MIX RECOMMENDATIONS COULD BE USED TO SIGNIFICANTLY EXPAND THIS MARKET? KEEP THE CURRENT ECONOMIC CLIMATE AND mindset IN MIND WHEN PROVIDING YOUR RECOMMENDATIONS. PRODUCT SMART CAR COULD ENHANCE THE FEATURES BY ADDING B LUETOOTH TECHNOLOGY AND GPS TRACKING. THE ENHANCEMENTS TO THE PRODUCT WOULD GENERALLY BE IN THE FIELD OF INNOVATION TECHNOLOGY IMPROVEMENTS. KEEP FORWARD THINKING IN MIND AS IT HAS TODAY ELECTRIC VEHICLES AND ENERGY EFFICIENT MODELING. PRICE DUE TO THE ECONOMIC CLIMATE SMART CAR SHOULD KEEP THEIR CAR MODERATELY PRICED AS IT IS NOW STARTING AT $11,990.THE PRICING STRATEGY IS BEST turn to THAT IT SUITS THE NEEDS OFITS TARGET MARKET AND ALSO COST EFFECTIVENESS. progress PRE- furtherance SUCH AS TEST DRIVES AND MOTORING REVIEWS AS A PROMOTION ACTIVITY, GENERATES SUFFICIENT CONSUMER CURIOSITY IN THE PURCHASE OF SMART CARS. VIA THIS MEANS, OTHER INDIVIDUALS-SUCH AS JOURNALISTS, ARE GIVEN OPPORTUNITY TO ASSESS THE MERITS OF SMART CAR PRODUCT BEFORE BUYING THE SMART CAR OF AMERICA. SAMPLING OF SMART CARS IN STREETS AND ALSO USING IT FOR CAMPAIGNS IS A GOOD ABILITY TO CAPTURE BUYERS.ADVERTISING THE AFFORDABILITY AND THE FUEL COST SAVINGS WOULD FIT INTO THE CURRENT ECONOMIC CLIMATE. DISPLA Y MODELS IN AIRPORTS, MALLS OR OTHER HIGH TRAFFIC AREAS. FORM ALLIANCES WITH COMPANIES LIKE HERTZ, work out OR ENTERPRISE TO GIVE PEOPLE THE OPPORTUNITY TO DRIVE THE CAR AND EXPERIENCE THE DIFFERENCE WHICH MAY INFLUENCE CONSUMERS TO BUY FOR EVER DAY USE. PLACE THE PRODUCT IS BEEN DISPLAYED IN PLACES WERE CUSTOMERS LIVE AND WORK. OPEN MORE DEALERSHIPS AROUND THE CITY IN THE MODERATE INCOME NEIGHBORHOODS. pic