Porsche Q+A of group 1 The buying decision process: Need recognition Information Search Evaluation of alternatives Purchase decision and Post purchase behavior Question 1 Analyze the buyer decision process of a traditional Porsche customer. The traditional Porsche customer, follow the first stage 1) Need Recognition. Most of the traditional Porsche customer is a financially successful people who see themselves entrepreneurial. They are highly demanded. They buy the car to stand for their lifestyle. And the customer started 2) information search for the car, most of the customers will draw to Porsche. They admire their Porsche because it’s a competent performance machine without being flashy or phony. 3) Purchase decision: Most of the …show more content…
According to one executive ‘’ we’re not looking for volume; we’re searching for exclusivity, and that’s what’s separates porche from other car company’s. Porche is in its best shape than ever to maintain its brand image with the porche authenticity. Porche created such a remarkable value for its customers with in the years, porche owners drives their car with explicit charisma. extra question. extra question, (MAX) How does porsche aline its product development with future customer wishes in the forecasted economic environment How do you guys think that a brand like Porsche, that’s based on a small group or rich people, can attract more consumers for their brand?
Oftentimes I wake up early on a Saturday, and attend a car show somewhere around Houston. The one I always attend is Cars and Coffee. Hundreds of different cars come, and among them comes many Porsche 911s. Porsche’s, based on my experience, doesn’t get that much attention. People pass by and just take a quick glance at it and move on. I think this car gets less attention because of the stereotype who buys it. Mostly everyone knows that people who buy Porsche 911s are men during their mid-life crisis and that everyone who owns a 911 drives like a complete lunatic. However, the 911 might be a good car, but its nemesis has more reputation and a better value. The astonishing Nissan GT-R
Today’s society judges people on the type of car you drive. Society does not like to admit to this but it is very true. Manufactures know this happens and targets their markets by these thoughts. Anyone who drives a nice vehicle is thought to be wealthy. No one wants to be seen driving an unattractive piece of junk because of what other people will think of him or her. Consumers also just feel better when they are driving a nice or new car, if makes them feel better about themselves.
Demand – Customers are loyal and identify with the HD brand. Currently demand outmatches supply, so HD is considering whether to raise prices or expand capacity via various options.
its brand to more quality-oriented and had adjusted model prices in the view of new
Getting a car is an intricate process as there are so many factors to consider. Factors that can be daunting if proper research of the vehicle are not done. Everyone wants to make the most of what they pay for and wants to make sure that his or her car is of the best quality. There are a quite few makes of cars available with quality guaranteed but two of the major would be the American and Japanese made cars. Both are excellent car builders and provide good fuel efficiency vehicles that are cost efficient. However, there are some facts and details that can influence buyers to choose one make over the other, this includes: performance, reliability, and resale value.
The situational analysis is done to analyze the different environmental forces that can affect the sales and acceptability of the new product. In the later sections, the marketing objectives, the target segment for the new car, action programs, and marketing mix (product, price, promotion, and place) have been discussed in a view to set a roadmap for the company on how it can better market and sell its product to the most potential segment of the consumers. The marketing budget has been presented to give an estimate of the expenditures and expected revenues for the year. Finally, the ethical considerations for the marketing plan have been discussed which are also
For our initial strategy we wanted to choose a product line that would be most intriguing to customers in this poor economy. To initiate this we focused our products around better gas mileage, safety, and quality. In order to do this we needed to evaluate consumers’ needs and desires when making a high involvement purchase such as a car. We believe the best target market for this type of car would be a middle class family that does not have as much disposable income due to the recession in our economy.
Porsche is a tradition and a legacy all by itself. The competitive positioning of the Boxter is associated with the brand name. Porsche’s luxury and lifestyle brand are luxury personified in terms of the technically superior design. The long term success of the brand is only due to its designing and technical competence to deal with the super luxury definition.
· New car models and designs are being introduced each year. If Holden can focus on fulfilling; customer preferences, wants and needs with a variety of variable options.
In a company this is an external factor where it’s all about the competition. The competition is what brings a company to make a change and innovation to outdo another company. Unfortunately in the motor industry the competition is a challenge. Automotive companies belligerently compete against each other which do make perfect sense for any type of company to do. As known there are many types of successful luxury car companies for example Mercedes Benz and Audi.
The buyer decision process of a typical Porsche customer focuses on selecting cars that reflect their high social status, their financial power, and their preference for exclusive products. They are not interested in the utility or price of the cars in comparison with other customers that are interested in how much the car costs, its size, or its fuel economy performance. Porsche buyers also take into consideration the car's performance, but they focus on the sensations they have when driving such a car.
Porsche has for decades been considered the auto brand most synonymous with exceptional accuracy and precision, the epitome of German engineering. The German auto maker nearly went bankrupt however in 1992 as cost over-runs forced many of the production lines to operate at a loss (Deitz, 1994). The lack of supply chain coordination and management also was creating an exceptionally challenging situation for manufacturing plants, often running out of parts and having to delay and in some cases, cancel orders (Bardy, R. 2010). The culture had become so inward centric and myopic, that it had lost focus on what really mattered, which was driving down the cost to produce automobiles while also creating a culture of continual customer-facing excellence (Book, 1996).
A number of issues were confronting Honda Motorcycles and Scooters India Ltd. (HMSI), following the July 2005 altercations with its workers. Honda Motorcycles and Scooters India Ltd. (HMSI), a wholly owned
a) A search quality is a characteristic that can be easily accessed before purchase.[1] In the case of the car, the customer will be able to research qualities like colour, performance. He can get a feel for the car by looking around the interior, the boot, see what the engine looks like and sounds like. These are qualities he can use his five senses to evaluate. They are tangible. Ford’s reputation should eliminate risk when purchasing. However, this is not the case for the service. He cannot have a pre-purchase experience. There is no tangibility. For this, his behaviour will change. He may seek testimonials from others and depend more on word of mouth. He will seek advice on the reputation of Sullivan’s service. From the case, we see that there are problems with the service. Delays at processing, inconvenient scheduling, availability of parts etc. There is a risk here as the service may not be satisfactory so Sullivan must reassure the customer. Sullivan must
However, due to its unique targeting strategy, it has not win compatible brand recognition among the public. Although Audi enter much earlier than BMW and Benz in the luxury car market, its marketing strategy limited increase of public brand recognition even Audi has over 100 years’ history. Besides, although its styles are highly accepted by the targeting customers, there are a growing number of people who can afford luxury cars for family use in China. Lack of vitality is limit of its further market expansion. On the contrary, its major competitor in China, BMW, has launched a series of marketing strategies to promote its high-performance, manoeuvrability, as well as stylish design to attract young people (BMW, 2009) in order to expand its market share. Therefore, although Audi has achieved success in the targeting market, it may consider further development through diversification in product line and advertising campaign.