Luxury Vehicle Essays

European Luxury Sector

Introduction In a first time, it matters to define the concept of luxury, which isn’t a clear concept. It seems that luxury is something that people feel differently. There is no official definition of luxury according to the fact one or another perceives it differently, in terms of quality, design, durability or uniqueness. Historically, these kinds of goods were limited to an elite class. The social perception of luxury goods is linked to the status in society, which is based…

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Market Research About Porsch

Porsche Market Research Report RMIT University | Market Research | Sem C 2012 3 I. Executive Summary Currently, a number of people in Vietnam can afford luxury brand name cars such as Audi and BMW. Despite the fact that car outlay in Vietnam are three-times higher than its original price, demand seems not have any deduction. The research objective of this research is tounderstand about the Vietnamese target segment of Cayenne Porsche, their buying motives and usage, which require both…

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Luxury and the Montblanc Brand

It is generally acknowledged that western consumption of luxury in the 1980s and 1990s was motivated primarily by status-seeking and appearance. This means that social status associated with a brand is an important factor in conspicuous consumption. The baby boom generation luxury consumer has a passion for self-indulgence while maintaining an iconoclastic world view, which is transforming the luxury market from its ‘ old ‘ conspicuous consumption model to a totally new, individualistic type of luxury consumer one driven by…

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The Examination of Young Affluent Purchase Intention on Luxury Bags in Malaysia

Abstract Purpose – This study aims to investigate the effect of perceived values & quality, status seeking, emotional attachment and visual merchandising on young affluent towards the purchase intention of luxury bags Design/methodology/approach – Hypotheses were tested with a random sampling (students who use luxury bags) of 297 university students using distribution of survey forms. Structural equation modeling was used to test the hypotheses. Findings – The results revealed that young affluent purchase intention and consumption towards luxury bags could…

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Luxury Brands Insights

Over years, India’s tryst with luxury brands has changed gears. With high disposable incomes and a penchant for all things luxury amongst affluent Indians on the rise, the country is emerging as the next stopover for global luxury brands such as Gucci, Christian Dior and Versace. However, we must realize that Luxury marketing is a whole new ball-game altogether, both from the perspective of the marketer as well as the luxury consumer. It therefore becomes important to view it both…

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Marketing – Luxury Watch Marketing Plan

1. Executive Summary This report contains a marketing plan strategy for a new luxury watch entering the luxury watches market. The new product that will be launched on this market is a exclusive luxury watch. Exclusive luxury watches are defined as the ones sold above $9999. The watch for which we are drawing the marketing plan is a gold and platinum watch with white diamonds. The use of innovative and unusual styling is become an increasingly important feature of the…

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Bmw Films

The primary issue faced by Jim McDowell is what to do for his next marketing campaign. He will need to decide what direction BMW will take in order to stay current in the target market and position the brand as the leader in the luxury car industry. A sub issue that Jim is facing is that in order for BMW to stand out compare to the competition, it must be at the forefront of the marketing trend. There is always…

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Marketing Excellence_ Bmw

? 1. What are the pros and cons to BMW’s selective target marketing? What has the firm done well over the years and where could it improve? When I see someone riding in a BMW, I know that they must be making good money. The stereotype for people who drive BMW’s is that they are rich, and these are the people that the people over at BMW target. The pros to targeting the higher income population is that they will…

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Bmw Films Case

In 2001, BMW came out with its latest innovative marketing strategy titled BMW Films. In partnering with Fallon and Anonymous Productions, who connected with A-list directors, actors, and production value, created a series of five films collectively called “The Hire” that generated 2. 5 millions viewers with over 24,000 more unit sales than the 2000. And the question now rise to what should BMW’s next move be. ANALYSIS It took the firm about 50 years from its first automobile in…

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Demand Elasticity of Luxury Automobiles

1. Introduction “As long as there is a society, there will always be fashion”. It was not surprised a fashion brands, especially a luxury fashion brands became a national treasure which effect the issues in business, political and social area in European countries. Since the Hermas established in 1837, a special development strategy model has formed and matured in European luxury group. Daniele de winter, the CEO of Daniele de Winter Cosmetics state that “the secret of successful fashion management…

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Inderstanding Consumer Behaviour Towards Luxury Products

Studying consumer behaviour enables marketing researchers to predict how consumers will react to promotional messages and to understand why they make the purchase decision they do. Marketers realized that if they know more about the consumer decision making criteria, they can design marketing strategies and promotional messages that will influence consumers more effectively. The importance of consumer behaviour made marketers to think of a separate branch in marketing research – Consumer research, to deal exclusively for consumer related issues. The…

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The Impact of Cueing on Recall of Brands

Appendix 8. 2 Questionnaire – Second Condition (Primed – Cheap)19 Appendix 8. 3 Questionnaire – Second Condition (Primed – Luxury)20 Appendix 8. 4 Questionnaire – Third Condition (Primed – Cheap)21 Appendix 8. 5 Questionnaire – Third Condition (Primed – Luxury)22 9. Reference List23 2. Abstract This paper analyzes the part-list cueing effect and it explains how marketers can utilize cuing strategies to influence the recall of brands by customers. In order to support the part-list cuing effect, a survey was…

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