embrace the margins in premium pricing

A-class sedan at $33,495 compared with GTR AMG Roadster at $3.5 Million. Mercedes have recently announced the GTR AMG Roadster which will sell for $3.5 Million. At the other end of the scale Mercedes is offering the A-class sedan at $33,495. It seems incongruous that one brand should market exquisite vehicles in the millions of […]

A-class sedan at $33,495 compared with GTR AMG Roadster at $3.5 Million. Mercedes have recently announced the GTR AMG Roadster which will sell for $3.5 Million. At the other end of the scale Mercedes is offering the A-class sedan at $33,495.It seems incongruous that one brand should market exquisite vehicles in the millions of dollars to wealthy customers and a cheap city car to another market. What is Mercedes, a high-end luxury and performance vehicle maker or a run of the mill mass vehicle manufacturer? I would argue that they are neither.The mission statement of Mercedes Benz is ‘to delight our customers in everything we are doing’, and its customers are drawn from a range of market segments. Further, rather than targeting just one segment – say the premium luxury segment – Mercedes has identified a range of segments and aims to produce the premium vehicle in each of those…

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Five Tips For Reducing
The Cost Of Branding.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

1. Get out of the boardroom.

Perhaps the two most concerning issues about branding are the lack of understanding about what brand and branding are and the propensity to develop brands in the boardroom, perhaps with the help of a consultant.....

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