Case Study: Aston Martin

Improved Essays
Selling premium cars can be a winning business strategy. Procedures of selling cars at higher prices require different marketing approaches than those used to sell cheaper vehicles. Marketing strategy for a deluxe car brand needs to exalt the quality of the car, and make a remarkable difference in the performance.
The brand of the luxury car chosen is Aston Martin.
British luxury carmaker Aston Martin has been in the business since 1914 and is known for its product placements in popular movies. Aston Martin produces high-end cars that fit the company’s image of sophistication, stylishness, reliability, and appeal. The company’s marketing strategy has been closely associated with James bonds films. The main market segmentation for the Aston
…show more content…
 High quality products: since Aston martin is a luxury car, the quality of the car should do justice to the brand name. Therefore market strategies should focus of providing high quality cars to the customers. Quality materials should be used for making the car. The comfort factor should also be taken into consideration. A high end car should allow passengers to drive in style from the climate control to seat material and driving car handles, everything should be made in quality and style. The design of the car should also be well thought. Business and high income people will want cars which fit the idea of sophistication and elegance.  Excellent brand pull: sustaining or pushing up the image of the company by providing cars which are up to expectations of the customers should be one of the main goal of marketing strategies for high end brand cars. Luxury cars brands have to give their customers a reason to brag.  Good service: good service and after sales service should be provided, the augmented product could also consist of delivery, credit facilities and …show more content…
Business magazines to target more business people. The Aston martin also indulges in cinema advertising. Aston cars figured in James bond movies. Sponsorships deals will allow the company to increase its brand recognition around the world. However, Advertising in various countries should take different cultures into consideration.
Price in the marketing mix of Aston martin cars:
 Premium pricing: Aston martin charges very high price for its high end cars. Premium pricing allow customers to have an idea of the sophistication and brand status of the car. High tech and quality Aston Martin cars are sold at very high prices.
People in the marketing mix of Aston martin cars:
 Employees, Staff &Sales representatives: employees and staff should be given adequate training to work on the cars and sales representative should have enough knowledge about the cars to be able to advise customers about it.
Process in the marketing mix of Aston martin cars:
 Form filling: registration vehicle ID no., warranty claims and legal paper work.
Physical evidence in the marketing mix of Aston martin

Related Documents

  • Improved Essays

    Michael Strahan has built quite a big name for himself in the athletic, entertainment, and media world, but who is Michael Strahan when the cameras turn off? Michael is a celebrity of many attributes in and out of the spotlight. Discover 10 things you didn't know about Michael Strahan below: 1. Michael Strahan: the Football Legend If you've only encountered Michael on TV starring in Live with Kelly and Michael or the 2009 Fox sitcom Brothers, you would probably be surprised to find out that Michael was a legend on the football field.…

    • 1007 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Carmax Target Market

    • 461 Words
    • 2 Pages

    With the advancement in technology, marketers today are able to tailor the product as of their customer needs. Based on the data available it has become easier than ever for marketers to recognize their target audience. Costumers also have become accustomed to this marketing behavior and expect the companies to deliver their specific needs. Understanding customer needs in consumer market is a difficult process but very vital for marketers. Markets must be able to identify individuals with common characteristics and segment them from the total market.…

    • 461 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Most football fanatics sit and eagerly watch the Super Bowl in dreams of their favorite team making an unbelievable play that leads to victory. On the other side of the spectrum, others watch the Super Bowl for the well thought out commercials that are broadcasted during the big game. Every single advertisement is full of rhetoric devices that may appeal to viewers to try and keep them watching. Quite often, many of these commercials can be far more entertaining than the actual Super Bowl itself. Millions of dollars are what companies spend just for seconds of screen time in an attempt to persuade viewers to buy their product.…

    • 1155 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Marketing research is the systematic and objective search for, and analysis of, information relevant to the identification and solution of any problem or situation facing the company. It is the process of gathering information to learn about something that is not completely known. Marketing research is important because does include market research but it also explores new product research and distribution methods. Marketing research helps to make good sound decisions.…

    • 620 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Ford’s Product Offering & Classification Ford believes that they have state of the art dealerships which enable them to display their impressive Ford range the best. These automobiles are being displayed in an exclusive and immaculate setting. Their sales personnel are friendly, competent and well trained as they have to walk people through every aspect of procuring a new vehicle. Some of these aspects involve show the prospective buyer the potential products available and their specifications including package options available.…

    • 703 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Next, a SWOTs analysis conducted to identify internal environments and external environments that impact on achieving Cool Cars business goals. It is crucial to have in-depth understanding the external and internal situation of the company before developing a marketing plan for Cool Cars. STRENGTHS: - Strong brand in high-income segment: three out of four brands target high-income segment. Primary buyers are 4L, 4F, and 4S. - Quality products: Cool Car is valued on its engineering capabilities.…

    • 808 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Toyota – Internal and External environment analysis. Internal business environment. The internal business environment is composed elements within the organization. It includes factors within that have an impact on the approach and success of your companies operations.…

    • 1423 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Conroy's Acura Case Study

    • 2631 Words
    • 11 Pages

    Conroy’s Acura purchased its inventory directly from Honda’s Canadian distributor and sold the cars at a markup. Conroy’s Acura also sold pre-owned automobiles, the majority of which were obtained through trade-ins from consumers. Page 2 9B08A001 THE MARKETPLACE PY Conroy’s Acura had a number of competitors in the marketplace, the most obvious were the dozen or so other Acura dealerships within a 30-kilometre radius. Conroy’s Acura competed directly with dealerships that sold cars comparable to Acura’s offerings, such as Saab, Volkswagen and, most notably, Honda.…

    • 2631 Words
    • 11 Pages
    Great Essays
  • Improved Essays

    British car manufacturing has boomed since last two years with firms which includes Toyota, Nissan, Mini, Morgan, Rolls-Royce and many more continuing to increase their output. This is also true that approximately 80% of all those automobiles were exported to the European Union (EU) and to other nations outside of Britain. Nowadays, the automotive industry in the United Kingdom is best known for its premium and sports car. The EU comprises 28 member states.…

    • 992 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Ans1: A model of consumer buying decision process involves the following 5 steps:- 1. Need Recognition:-The buyer recognizes his social needs and this need is triggered by external stimuli .This need comes for the social recognition as Porsche targeted to a very narrow segment of financially successful people. 2. Information search: - In this step, consumer search information about the product that satisfies his need. And the only products that satisfy a need of consumer is a luxury car which provide them a social status.…

    • 733 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Compare And Contrast Cars

    • 791 Words
    • 4 Pages

    Compare and Contrast Cars Cars are built for many different reasons. Some are built to go lightning fast,while others are made to transport goods across a country. Cars influence our everyday lives. From getting dropped off at school, to scrounging up enough money for your first set of wheels. At the same time, we all want the best high end cars on the market.…

    • 791 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    It has been analysed from above models that Aston Martin have some influences that might have an impact on their business, from their products to the sales and their customers. From Aston Martin’s SWOT analysis it is clear that they are growing stronger, they maintain sold bond with their suppliers and making cost effective distributing channel of their product to consumer, this results in various revenue path and helps in making customers aware of their brand. As discussed Aston Martin aims at targeting young customers that are head strong and generally appreciate in buying sleek and fast gadgets. In order to target their young customer, the brand has created power image which can be experienced and shares by all car lovers all around the…

    • 1483 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    Introduction Ferrari is a well-known manufacturer of Italian sports car based in Maranello, Italy. It was originally named Scuderia Ferrari and was founded by Enzo Ferrari in 1929 (Ferrari, 2014). Ferrari has enjoyed incomparable successes and has been acclaimed for its unceasing contributions in the Formula One racing history. The black prancing horse symbol on the Ferrari logo came from a well-respected World War I pilot named Francesco Baracca who had painted this symbol on his fighter plane.…

    • 2187 Words
    • 9 Pages
    Great Essays
  • Great Essays

    Global Feasibility Analysis: Ford The automotive industry has been producing new models and introducing new car styles year after year. As one of the leading manufacturers in the industry, Ford Motor Company has had to confront issues of capacity utilization in each market where it operates. Capacity utilization occurs when production exceeds the number of products than can be sold in a given market. To further exacerbate the problem, a new automotive manufacturer enters the market every few years.…

    • 1475 Words
    • 6 Pages
    Great Essays
  • Great Essays

    The McKinsey 7-S model The McKinsey 7-S model uses seven interdependent factors which can be categorized as Hard or Soft. Hard Soft Strategy Structure Systems Shared Values Skills Style Staff • Strategy: A plan designed to maintain and continually improve advantage over the competition • Structure: how a business is structured and knowing who reports to who • Shared Values: These can be seen in the general work ethic and the corporate culture of the company. • Style: The type of leadership adopted in the company by the senior management. • Systems: The daily duties and procedures used by employees to complete their tasks • Staff:…

    • 1488 Words
    • 6 Pages
    Great Essays