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Project Title: Effective Marketing Promotions For Mercedes Benz
Certified - Pre-Owned Cars
Duration: 2 Months (2nd May 2016 – 30th June 2016)
Rahul Thomas
Marketing Communications
Pune, India
30th June, 2016
Content
1. Methodology
2. Stakeholders
3. About Mercedes Benz India
4. About Mercedes Benz Certified
5. Pre-Owned Car Environment
6. Our USP’s vis-à-vis Competition
7. Showroom Visits
8. Questionnaire to Dealers
9. Analysis & Interpretation
10. Findings & Inferences
11. Observations
12. Suggestions & Recommendations
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 2
Methodology
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 3
Methodology
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 4
Pre-Owned Car Market Research & Studied
the Mercedes Benz Certified POC Process
Customer Awareness And Comments -
Mercedes Benz Certified Pre-Owned Cars
Competitor Offerings Analysis (Including Calls
to Rivals)
Website Differentiation Analysis
Mercedes Benz Certified Dealership Visits To
Pune & Mumbai
Methodology
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 5
Mercedes Benz Certified Pre-Owned Cars -
Dealership Marketing Analysis
Enquiries Analysis & Customer Profiling
Findings and Inferences
Suggestions, Recommendations & Conclusion
Stakeholders
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 6
1. Mercedes Benz Certified Dealerships PAN
India
a) Marketing Managers
b) Pre-Owned Car Heads
c) Sales Executives
d) Receptionist
2. Mercedes Benz India Marketing & Sales Staff
3. Customers Listed Online (Outside Mercedes
Benz Certified Website)
About Mercedes Benz
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 7
• Mercedes-Benz is a global automobile
manufacturer and a division of the German
company Daimler AG
• The brand is known for luxury vehicles,
buses, coaches, and trucks
• The headquarters of Mercedes-Benz is in
Stuttgart, Baden-Württemberg, Germany
About Mercedes Benz India
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 8
• Established in 1994, Mercedes-Benz India
Pvt. Ltd. pioneered the luxury car market in
India and boasts of more than 130 years of
cutting edge innovation in the luxury
automobile industry globally
• Mercedes-Benz India product portfolio
comprises the locally produced Mercedes
Maybach S 500, S-Class, E-Class, C-Class,
CLA sedans and the GLA, GLE and the
GLS SUVs
Mercedes-Benz India
We have come a long way, ranked most awarded luxury car brand
for the 3rd consecutive year
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 9
• Completely Built imported cars portfolio
includes the A-Class, B-Class, CLS, SLK, E-
Class Cabriolet, S-Class Coupé, GLC and
the S 600 Guard a range of other Guard
vehicles, not to forget a wide range of
Mercedes-AMG Cars
• For the third consecutive year, Mercedes-
Benz India has witnessed a double digit
growth and has emerged as the ‘most
awarded luxury car brand’ in India
Mercedes Benz Certified Pre-Owned Cars
• Mercedes-Benz India launched India’s first
premium certified Pre--owned car program in
June 2010 under the brand name
‘ProvenExclusivity’. (Intro More)
• Known for innovation, quality and superior
engineering
• Helps in getting new customers for new cars
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 10
Mercedes Benz Certified Pre-Owned Cars - Business Solution &
Benefits
Mercedes-Benz Certified Pre-
owned benefits:
• Certified by Mercedes-Benz
• Hassle-free documentation,
more peace of mind
• Verified vehicle service history
• 5 days exchange policy
• Attractive Trade-in & Finance
optionsEffective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 11
Retain Acquire
To retain core base of
Mercedes-Benz
customers in India
Appeal to additional
set of customers to
make them consider
and own our brand
Make the STAR
shine brighter
POC Business Solution
Building the Pre-Owned Car Business Based On the 6P’s
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 12
Pre-Owned Car Environment
Organized sector is expected to have a 25% market share in 2016/17
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 13
Pre-Owned Car Environment
• Considering the huge population of India and the growth trend, luxury car makers have
realized the potential of the used car market and started their pre-owned programs
• The high depreciation of luxury cars at 20-30 percent make them an attractive purchase
• Used Car Business has doubled over the last 3 years
Source: Auto.Economic Times
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 14
Our USP’s vis-à-vis Competition
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 15
MB Certified Pre-Owned
Cars
• Certified by Mercedes-Benz
• Hassle-free documentation,
more peace of mind
• Verified vehicle service history
• 5 days exchange policy
• Attractive Trade-in & Finance
options
• 12 Months Roadside
Assistance
• MB Global Inspection
Standards
• Warranty Up to 12 Months
BMW Certified Used
Cars
• Minimum 12-months BMW
warranty
• 360-Degree Technical and
Optical Check
• Service History
Other Attractive Options
• Exclusive
Maintenance Package
Available
• Financial Services
• BMW Roadside
Assistance
• Trade-in offers
Audi Approved :plus
• 110+ Multi point
checks
• Service Plan
• 24 Months Warranty
• Financing
• Complete Service
History
• Courtesy Car
• Road Assistance
• Trade-In
• Insurance
• Test-Drive
Our USP’s BMW’s USP’s Audi’s USP’s
Our USP’s Which Should Be
Emphasized
Showroom Visits
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 16
Showroom Visits: To B.U Bhandari, Pune followed by Shaman
Wheels & Auto Hangar, Mumbai
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 17
Questionnaire To Mercedes-Benz Certified Dealers
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 18
Questionnaire to MB Certified Marketing Managers PAN India
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 19
Analysis & Interpretation
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 20
1) Competitor Offerings Analysis & Website
Analysis
2) Website Enquiries Analysis
3) SWOT Analysis
4) Porters Five Forces Analysis
5) Customer Pre-Owned Car Awareness Analysis
1) Competitor Offerings Analysis & Website Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 21
Competitor Offerings Analysis & Website Differentiation
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 22
Competitor Offerings Analysis & Website Differentiation
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 23
Competitor Offerings Analysis & Website Differentiation
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 24
Website Analysis: Mercedes Benz Certified
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 25
Website Analysis:
Dealer Website Front Page
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 26
BMW Premium Selection: Good Digital, Social Media and Test Drive Link
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 27
Audi Approved :plus
Comprehensive First Page Briefing Of Offerings
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 28
Website Analysis
Customer Testimonials Are Very Important Today. How can we show them how them ‘WE CARE’?
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 29
2) Website Enquiries Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 30
Website Enquiries Analysis:
Enquiries Witnessing a Rapid Growth
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 31
(Jan to June)
Website Enquiries Analysis:
Rapid Increase seen in the No. Of Website Enquiries Y-O-Y
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 32
65%35%
Website Enquiries Analysis:
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 33
Website Enquiries Analysis:
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 34
(Jan to June)
Website Enquiries Analysis:
44% Dominated by the C-Class
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 35
(Jan to June)(Jan to Dec)
Website Enquiries Analysis:
Age Wise (31-40) is the highest contributor at 39% with an increase of
3% witnessed
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 36
(Jan to June)(Jan to Dec)
Test-Drive Enquiries Analysis:
Occupation Wise, Self-Employed Dominates at 65% and Employed at 23%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 37
(Jan to June)(Jan to Dec)
A-Class (21-30) is Stable, (31-40) experiencing a Massive Increase of
17% while (41-50) & (50 and above) has seen a reduction of 10% and
8% respectively
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 38
(Jan to June)(Jan to Dec)
Occupation Wise, the A-Class is Stable with more young
entrepreneurs (21-40) and employees (31-40) going for it
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 39
(Jan to June)(Jan to Dec)
For the B-Class, (21-30) has witnessed a Massive Decrease of 12%,
and (31-40) has experienced a Massive Increase of 16%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 40
(Jan to June)(Jan to Dec)
Occupation Wise, the B-Class has a Significant increase of 7% among
the Employed audience, with Self-Employed again Dominating with 52%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 41
(Jan to June)(Jan to Dec)
C-Class is Stable Across All Age Categories with (31-40) at
41% leading the way
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 42
(Jan to June)(Jan to Dec)
C-Class occupations wise has seen a 7% Reductionin employed and an
8% increase in self-employed
EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 43
(Janto June)(Janto Dec)
The AMG Range witnesses a Massive Increase of 30% among
(21-30) age group with more younger audiences enquiring
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 44
(Jan to June)(Jan to Dec)
AMG witnesses a 50% surge in enquiries by the Employed in
2016
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 45
(Jan to June)(Jan to Dec)
Dream Cars witnesses a Massive Increase of 42% among (21-
30)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 46
(Jan to June)(Jan to Dec)
Dream Cars are dominated by Self-Employed - Sons of
Entrepreneurs at (67%) followed by Established Entrepreneurs
(41-50) at 22%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 47
(Jan to June)(Jan to Dec)
E-Class (21-30) witnesses an Increase of 8%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 48
(Jan to June)(Jan to Dec)
E-Class: Self-Employed Dominate this category at 69% with a
10% increase seen in Employed
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 49
(Jan to June)(Jan to Dec)
GL: (21-30) Drops 6%, (31-40) Stable at 37% and (41-50)
witnesses an Increase of 5%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 50
(Jan to June)(Jan to Dec)
More Established Entrepreneurs (31-50) going for the GL
Series
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 51
(Jan to June)(Jan to Dec)
ML: (21-40) remains Stable at 68% Share, (50 & Above) at
13% witnesses an Increase of 7%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 52
(Jan to June)(Jan to Dec)
The ML is Dominated by the Self-Employed, with a massive
20% increase recorded
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 53
(Jan to June)(Jan to Dec)
S-Class is Gaining More Older Crowd with a total increase of
13% in the (31-50) age group
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 54
(Jan to June)(Jan to Dec)
S-Class is Dominated by the Self-Employed at 81%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 55
(Jan to June)(Jan to Dec)
SWOT Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 56
SWOT Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 57
•44% C-Class Enquiries
•Social & Digital Media
•Referral Schemes
•New Car Duty
Structure
•Potential in Tier 2 & 3
Cities
• Low Pricing By
Unorganized Players
• Higher Inventory
• Aggressive Marketing
by Rivals
• 10% Difference In Pricing
Compared to
Unorganized Players
• 20% Down payment
• Weak POC Social Media
Presence
•Brand Name &
Recognition
•MB Global Inspection
Standards
•5 Days/500 Kms
Exchange Policy
•Website Referral Enquiries
Highest
•Biggest Dealer Network
S W
OT
Porters Five Forces Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 58
Porters Five Forces Analysis
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 59
• Industry Rivalry: Audi, BMW and Unorganized Players
• Bargaining Power of Buyer: Buyer has a high bargaining power because of the existence of
unorganized players offering better rates, Existence of Online Portals
• Bargaining Power of Seller: High. Biggest Dealer Network Of Sales & Service, Good Finance
Schemes by DFS, Refurbishment according to MB Global Inspection Standards, Good Brand Name so
we can leverage on our Brand Equity with higher bargaining power leading to higher pricing than our
fellow rivals, Emergence of New Generation Cars
• Threat of Substitutes: New Cars in that Range, Unorganized Players’ low pricing tends to sway the
buyers at times, Existence of Online Portals
• Threat of New Entrants: Already Saturated Market. Audi and BMW Expanding their POC Dealership
Network
Customer POC Awareness Analysis
(Pune & Mumbai)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 60
5) New Car
1) Website Awareness
2) Source Of Awareness
4) POC Call
3) Online Listings
Findings & Inferences
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 61
Consumption Audience
• Age Group (31-40)is the highest contributor at 39%of total enquiries,
followed by (21-30)at 28%and (41-50)at 21%
• Self-Employedis the largest contributor of enquiries at 65%,followed
bythe Employed at 23%
• A-Class: YoungEntrepreneurs(21-40)
Employed Professionals (31-40)
• B-Class: Entrepreneurs& Employed Professionals
From (31-60)
• C-Class: Entrepreneurs&Employed Professionals
From (21-50)
EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 62
Consumption Audience
• AMG: GLA Enquiredby the Employed(21-40)
Young Entrepreneursfrom (21-40)
• DreamCars: Young Entrepreneurs(21-40)
• E-Class: Entrepreneurs(21-50)
Self-Employed Major Contributor at 69%
Employed Witnessed 10%growth at 22%
• GL: Entrepreneurs(21-50)
Self-Employed Major Contributor at 71%
EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 63
Consumption Audience
• ML: Entrepreneurs (21-60)
Reduction of 13% observed y-o-y in
the Employed Category which stands at a mere
2% today
• S-Class: Entrepreneurs (21-60)
S-Class is Gaining More Older
13% in the (31-50) age group
Also, a 15% reduction is seen in the enquiries
stands at 23% today
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 64
Findings & Inferences
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 65
1. 55% customers buy Pre-owned cars due to budget limitation
2. Used car sales in developed market is at 2-4 times of new car sales
3. As user understanding evolves, organized used car market is likely to see 15-20% growth in
the next 4-5 years
4. 33% Of Google’s ‘Most Searched’ Among Cars are for ‘Sedans and Luxury’. The number of
queries related to used cars on Google Search have grown 20 times in the last 6 years
5. As many as 8 in 10 potential used car buyers starting their research from Google search seem to
be undecided about which used car to buy
6. Most commonly searched queries involve questions around budget, brands, fuel type and
ownership
7. Most number of used car searches come from Maharashtra, followed by South India, West
Bengal, NCR, Uttar Pradesh and Punjab
Source: Auto.Economic Times
Findings & Inferences
(Pune & Mumbai) Most Not Aware Of the Mercedes Benz Certified
Website. GLE Having the most demand
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 66
• OLX more popular than CarWale and CarDekho with more listings
• 15/24 not aware of the MB Certified Website
• 16/24 interested in buying a new car
• 6/16 among those interested wanted to buy the new GLE
• Those who spoke to the POC Managers already, quoted price as the main issue, which was
5-6 lakhs lesser than expected
Observations
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 67
Observations:
More Creatives, Digital Help and A PAN India Level Event Requested
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 68
1. A more Media-wise target driven approach needed for MB Certified marketing spends based
on the monthly sales target
2. More Creatives Needed for MB Certified
3. % Of C-Class Enquiries Highest at 44%
4. Special DFS Schemes Needed for Diesel Cars above 2000cc after the Ban
5. PAN India MB Certified Event Requested
Observations
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 69
1. Trade-In Bonus of 1L Helpful
2. Agility Scheme working well for demo cars. Helping in procurement too.
3. PULP was Running Well at Shaman Wheels, Mumbai (30 exchanges a month)
4. Kerala second Highest in terms of Digital Referral Enquiries (rajashreemotors.in) All males in
Kerala. North Kerala Main Market. Not doing anything digital.
5. Selling easier Digitally, Procurement easier through Trade-In’s and Evaluation
6. No uniform segregation for the Marketing Budget calculation
7. Direction needed to enhance social media presence
Suggestions & Recommendations
• Brand
• Website
• Retail Communication
• Digital Marketing & Social Media
• Referral Marketing
Brand
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 71
Brand Offerings
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 72
1. Existing Offerings Which Should be Emphasized:
• 12 Months Roadside Assistance
• Mercedes Benz Global Inspection Standards
• Warranty Up to 12 Months
2. Warranty Could be extended to 24 Months (Depending on the Car) & Unlimited Kms
3. Insurance
4. Courtesy Car
5. No. Of Checks
Should be
Emphasized
Website Suggestions
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 73
Website Suggestions
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 74
1. No. Of Checks should be shown
2. Comprehensive Roadside Assistance Description
Emphasis
3. Good Testimonials (From the Dealership After-Sale)
Should be Displayed Online
4. Insurance Should be Mentioned
5. Courtesy Car Should be Mentioned
6. Website Link to Facebook and YouTube
Website Suggestions
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 75
1. Reduction In Enquiries Follow-Up Time to - Within 1 Hour
2. Faster Scrolling through Cars Needed
3. Enquiry Pop-Up before Leaving the page and Thank You Informatory note after registering an
enquiry
4. Font Color Should be Changed from Grey to Black For Better Visibility
5. Bigger Photos When Clicked On & Dealer Number Besides Every Car to be Displayed
6. FAQ Section & Used Car Benefits Option (Also Content Marketing Link with CarWale/CarDekho)
7. Automated Moving Slide Banners On the Mercedes Benz Certified Website
8. Constant Request a Test Drive Pop-Up & Request Call Back/ Call On ‘123’ Option
9. Like / Option besides every car
Retail Communication
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 76
Retail Communication (Internal Branding)
There is a fine line between ‘Informing’ and ‘Overwhelming’
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 77
• Display Of Car Refurbishment Process Video to
the Prospect on the Sales Person’s I-Pad . Also
YouTube Videos should be posted and publicized
to the prospects to refer to anytime
• Willkommen Sticker At The Entrance Glass Door
• Introduction of Smart Signs/Directions In the
showroom
• Fragrance like in the new showrooms, Pleasant
Music and Plants. Caller Tune should mention the
dealership’s name e.g. ‘Welcome to Silver Arrows’
Needed to Enhance Customer Showroom
Experience
Retail Communication (Internal Branding)
Customers want to read reviews Online and Offline to enhance ‘Trust’
• Sticky Note Feedback Wall in the form of a
Car can be introduced to Enrich In-Store
Customer Experience
• Selected Good Feedback can be posted as
reviews on the Mercedes Benz Certified
Website and respective Dealer websites
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 78
Retail Communication (Internal Branding)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 79
• Life Journey Storytelling Specs Sheet:
e.g. Willkommen !
I am an E 250 CDI from the E-Class Family. Born in
2014, I have been idle for most of my time! (29Kms
Run) And guess what? You would be my first owner!
With a Diesel Engine and 7G Tronic Plus
Transmission, I am still up for a challenge against any
new boy there. Rest Assured, I am under Warranty,
unlike my Insurance which unfortunately isn’t valid in my
case. But Hey, does that really matter to you?!
My friends here have valued me at 50,00,000. Please
take me home soon before someone else does !
We've made a commitment to being the best, and I
promise you I will not disappoint. #TheBestOrNothing
Retail Communication (External Branding)
More External Visibility needed for Mercedes Benz Certified Dealerships
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 80
• More Visibility Needed for External
Hoarding Placement
• Should Ideally be placed on the
Roadside with an increase in its height
• Also, LED Lights should be placed on
these hoardings for night time visibility
• No Non-Mercedes Benz Cars Should be
Displayed Outside
Retail Communication (Events)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 81
1. 1 Pre-Owned Cars Carnival at least once every quarter
2. POC Off-Roading Event (Tie-Up with Banks’ HNI
Customers Too)
3. Display of POC Dream Cars and AMG’s in Famous Clubs
4. Display Of C & CLA Class and Evaluation at IMA Meets
5. Doctors Meet Entrepreneurs Socializing Event - Sunday
Brunch (Display High End Cars & Evaluation & Car Wash)
6. C-Class & CLA Display - Medical Conference (Special
Photographer & Tarot Reader to Keep Spouse Engaged)
Retail Communication (Events)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 82
1. Display & Evaluation Event in High End Societies in the
neighborhood (Direct Mailing)
2. C & CLA Display, Valuation and Test-Drive events in
hotels/clubs of High potential towns neighboring the
dealership
3. Participate in Auto Events/Multi-Brand Carnivals hosted by
e.g. TOI & DNA
4. Target Sports Days in Top Schools of India for Evaluation
and Display
Retail Communication (Newspaper Ads)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 83
• Car List, Color, Least Kms Driven Cars,
Warranty, Down payment, Price &
Mercedes Benz Certified Website Name
and Dealer Website Name should be stated
in every Mercedes Benz Certified Retail
Newspaper Ad
Retail Communication (ATL & BTL)
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 84
ATL Activities
• Radio Jingle for the Facebook Event On the Mercedes Benz India Facebook Page ‘Why
would you like to own a Mercedes Benz Certified POC?’ needed during peak hours to
enhance Brand Recall and encourage participation
BTL Activities
• Data Harvesting On LinkedIn after obtaining HNI & GM+ Level Corporate Data from
3rd Party Vendors Send Mailers to These Verified Contacts
• Call Back New Car Enquiry Rejects
• Birthday & Anniversary Mail Wishes from Mercedes Benz India to Previous Years
Customers With a plethora of special offerings
• Display of Dual table-tents with New Car and Pre-Owned Car Offerings during all
Pre-Owned Car Events
Digital Marketing
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 85
Digital Marketing
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 86
1. Tie-Up with Online Car Portals like Quickr for 1st Person Choice Of Verified Enquiry Leads
which are above Rs.15 L
2. As Cost Per Lead in Digital Marketing is less, it is working the best today with tie-ups with
Carwale and CarDekho in particular. Similar marketing and tie-ups should be done with OLX
3. Google Re-Marketing at each dealership needed
4. Content Marketing With Google displaying used car benefits to direct leads to our website
Digital Marketing
Referral Leads are the Highest at 60%. Less Direct - Indicating Less Website Awareness
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 87
Digital Marketing (Referral)
Most Leads coming from the Mercedes Benz India Website at 59.1%
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 88
Digital Marketing (As Referral is the Highest)
More Visibility would be A ‘+’ for Mercedes Benz Certified Pre-Owned On the Mercedes Benz India Website
By Adding a Full Time Moving Banner On the First Page Or A Small Banner Below It
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 89
Digital Marketing (Referral)
Comprehensive Description Of the Dealership On Google Search with a Map & Directions is
Needed for all Dealerships PAN India
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 90
Digital Marketing (Organic Search)
Organic Key Word Support should be provided to each Dealership
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 91
Digital Marketing
Showing A Good Response, A Personalized After-Sales App should be created for Big
Dealers to Ensure A Seamless Customer Experience, Helping the Sales Pitch
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 92
Social Media
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 93
Social Media:
A Regularly Updated Mercedes Benz Certified India FB Page Required
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 94
Mercedes Benz Pre-Owned Malaysia
Similar Page should be created PAN
India
Dealership Social Media Connect
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 95
• Make Prospects Like the dealership FB Page
at the dealership
• Dealerships should post a POC Inventory
Album with Car Specifications once a week
on their respective FB Pages and Once a
Month On the Potential MB Certified Pre-
Owned Cars India FB Page (Always with the
MB Certified Website Link)
Also With Every Post Mention: Interested in
a Car? Give us a Call on ‘123’/ A missed call on
‘123’ and we will call you back
• Dealership Events should be posted on FB and
Pics of the Event should be posted on their FB
Pages following the event
Social Media:
1 Mercedes Benz Certified Post Required Every Month On the Mercedes Benz India
Facebook Page with the Mercedes Benz Certified Website Link
FB Sponsored Ads
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 96
Social Media Connect: To Enhance Customer Brand Advocates, Brand
Recognition on the Social Network & Word Of Mouth Marketing
Also the Selfie Stick Used Should Be Given As a Gesture After The Post
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 97
• Facebook Sharing BlinkTag Application should be used After-sale by all dealerships
Facebook Event: To create a buzz and thereby increase the Mercedes Benz
Certified India & Respective Dealerships’ Facebook Page Awareness
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 98
• #Alwaysthebest - Event On ‘Facebook’s Mercedes
Benz India Page’ (1 Month Long)
Tell Us In One Line ‘Why would you like to own an MB
Certified POC?’ (In the Comments Section Below the Post)
STEPS:
a) Like our MB Certified FB Page & Dealership FB Page
b) Like & Share this post and Tag most number of
friends in the comments section below this post, along
with your reason and hash tag #alwaysthebest
#mbindia #mbcertified #preownedcars with it. 1
Person with the best reason and who has tagged the
most number of friends, Wins a Mercedes Benz
Certified Pre-Owned Car of their choice for a year!
Referral Marketing
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 99
Referral Marketing: Has High Potential
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 100
•10,000 worth Mercedes Benz Goodies Received per Referral today at Shaman Wheels, Mumbai
• As Referral conversion ratio is high, a Referral program with points where (*1 point=1
Rupee) can be introduced for Employees and Customers
•The points can be redeemed at any point of time in the form of Gift card’s from Amazon,
Spa Vouchers and similar luxury offers
•Higher the Car Value, Higher the Points Earned
•Program can be Highlighted on Dealer Websites and the MB Certified Website
• PROGRAM:
1. 1 Referral = 10,000 Points
2. 10+ Referrals = A Tie-Up with Make My Trip
For a Vacation Abroad
Thank You
Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 101

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Effective marketing promotions for mercedes benz certified pre owned cars

  • 1. Project Title: Effective Marketing Promotions For Mercedes Benz Certified - Pre-Owned Cars Duration: 2 Months (2nd May 2016 – 30th June 2016) Rahul Thomas Marketing Communications Pune, India 30th June, 2016
  • 2. Content 1. Methodology 2. Stakeholders 3. About Mercedes Benz India 4. About Mercedes Benz Certified 5. Pre-Owned Car Environment 6. Our USP’s vis-à-vis Competition 7. Showroom Visits 8. Questionnaire to Dealers 9. Analysis & Interpretation 10. Findings & Inferences 11. Observations 12. Suggestions & Recommendations Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 2
  • 3. Methodology Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 3
  • 4. Methodology Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 4 Pre-Owned Car Market Research & Studied the Mercedes Benz Certified POC Process Customer Awareness And Comments - Mercedes Benz Certified Pre-Owned Cars Competitor Offerings Analysis (Including Calls to Rivals) Website Differentiation Analysis Mercedes Benz Certified Dealership Visits To Pune & Mumbai
  • 5. Methodology Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 5 Mercedes Benz Certified Pre-Owned Cars - Dealership Marketing Analysis Enquiries Analysis & Customer Profiling Findings and Inferences Suggestions, Recommendations & Conclusion
  • 6. Stakeholders Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 6 1. Mercedes Benz Certified Dealerships PAN India a) Marketing Managers b) Pre-Owned Car Heads c) Sales Executives d) Receptionist 2. Mercedes Benz India Marketing & Sales Staff 3. Customers Listed Online (Outside Mercedes Benz Certified Website)
  • 7. About Mercedes Benz Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 7 • Mercedes-Benz is a global automobile manufacturer and a division of the German company Daimler AG • The brand is known for luxury vehicles, buses, coaches, and trucks • The headquarters of Mercedes-Benz is in Stuttgart, Baden-Württemberg, Germany
  • 8. About Mercedes Benz India Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 8 • Established in 1994, Mercedes-Benz India Pvt. Ltd. pioneered the luxury car market in India and boasts of more than 130 years of cutting edge innovation in the luxury automobile industry globally • Mercedes-Benz India product portfolio comprises the locally produced Mercedes Maybach S 500, S-Class, E-Class, C-Class, CLA sedans and the GLA, GLE and the GLS SUVs Mercedes-Benz India
  • 9. We have come a long way, ranked most awarded luxury car brand for the 3rd consecutive year Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 9 • Completely Built imported cars portfolio includes the A-Class, B-Class, CLS, SLK, E- Class Cabriolet, S-Class Coupé, GLC and the S 600 Guard a range of other Guard vehicles, not to forget a wide range of Mercedes-AMG Cars • For the third consecutive year, Mercedes- Benz India has witnessed a double digit growth and has emerged as the ‘most awarded luxury car brand’ in India
  • 10. Mercedes Benz Certified Pre-Owned Cars • Mercedes-Benz India launched India’s first premium certified Pre--owned car program in June 2010 under the brand name ‘ProvenExclusivity’. (Intro More) • Known for innovation, quality and superior engineering • Helps in getting new customers for new cars Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 10
  • 11. Mercedes Benz Certified Pre-Owned Cars - Business Solution & Benefits Mercedes-Benz Certified Pre- owned benefits: • Certified by Mercedes-Benz • Hassle-free documentation, more peace of mind • Verified vehicle service history • 5 days exchange policy • Attractive Trade-in & Finance optionsEffective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 11 Retain Acquire To retain core base of Mercedes-Benz customers in India Appeal to additional set of customers to make them consider and own our brand Make the STAR shine brighter POC Business Solution
  • 12. Building the Pre-Owned Car Business Based On the 6P’s Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 12
  • 13. Pre-Owned Car Environment Organized sector is expected to have a 25% market share in 2016/17 Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 13
  • 14. Pre-Owned Car Environment • Considering the huge population of India and the growth trend, luxury car makers have realized the potential of the used car market and started their pre-owned programs • The high depreciation of luxury cars at 20-30 percent make them an attractive purchase • Used Car Business has doubled over the last 3 years Source: Auto.Economic Times Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 14
  • 15. Our USP’s vis-à-vis Competition Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 15 MB Certified Pre-Owned Cars • Certified by Mercedes-Benz • Hassle-free documentation, more peace of mind • Verified vehicle service history • 5 days exchange policy • Attractive Trade-in & Finance options • 12 Months Roadside Assistance • MB Global Inspection Standards • Warranty Up to 12 Months BMW Certified Used Cars • Minimum 12-months BMW warranty • 360-Degree Technical and Optical Check • Service History Other Attractive Options • Exclusive Maintenance Package Available • Financial Services • BMW Roadside Assistance • Trade-in offers Audi Approved :plus • 110+ Multi point checks • Service Plan • 24 Months Warranty • Financing • Complete Service History • Courtesy Car • Road Assistance • Trade-In • Insurance • Test-Drive Our USP’s BMW’s USP’s Audi’s USP’s Our USP’s Which Should Be Emphasized
  • 16. Showroom Visits Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 16
  • 17. Showroom Visits: To B.U Bhandari, Pune followed by Shaman Wheels & Auto Hangar, Mumbai Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 17
  • 18. Questionnaire To Mercedes-Benz Certified Dealers Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 18
  • 19. Questionnaire to MB Certified Marketing Managers PAN India Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 19
  • 20. Analysis & Interpretation Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 20 1) Competitor Offerings Analysis & Website Analysis 2) Website Enquiries Analysis 3) SWOT Analysis 4) Porters Five Forces Analysis 5) Customer Pre-Owned Car Awareness Analysis
  • 21. 1) Competitor Offerings Analysis & Website Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 21
  • 22. Competitor Offerings Analysis & Website Differentiation Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 22
  • 23. Competitor Offerings Analysis & Website Differentiation Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 23
  • 24. Competitor Offerings Analysis & Website Differentiation Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 24
  • 25. Website Analysis: Mercedes Benz Certified Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 25
  • 26. Website Analysis: Dealer Website Front Page Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 26
  • 27. BMW Premium Selection: Good Digital, Social Media and Test Drive Link Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 27
  • 28. Audi Approved :plus Comprehensive First Page Briefing Of Offerings Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 28
  • 29. Website Analysis Customer Testimonials Are Very Important Today. How can we show them how them ‘WE CARE’? Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 29
  • 30. 2) Website Enquiries Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 30
  • 31. Website Enquiries Analysis: Enquiries Witnessing a Rapid Growth Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 31 (Jan to June)
  • 32. Website Enquiries Analysis: Rapid Increase seen in the No. Of Website Enquiries Y-O-Y Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 32 65%35%
  • 33. Website Enquiries Analysis: Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 33
  • 34. Website Enquiries Analysis: Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 34 (Jan to June)
  • 35. Website Enquiries Analysis: 44% Dominated by the C-Class Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 35 (Jan to June)(Jan to Dec)
  • 36. Website Enquiries Analysis: Age Wise (31-40) is the highest contributor at 39% with an increase of 3% witnessed Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 36 (Jan to June)(Jan to Dec)
  • 37. Test-Drive Enquiries Analysis: Occupation Wise, Self-Employed Dominates at 65% and Employed at 23% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 37 (Jan to June)(Jan to Dec)
  • 38. A-Class (21-30) is Stable, (31-40) experiencing a Massive Increase of 17% while (41-50) & (50 and above) has seen a reduction of 10% and 8% respectively Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 38 (Jan to June)(Jan to Dec)
  • 39. Occupation Wise, the A-Class is Stable with more young entrepreneurs (21-40) and employees (31-40) going for it Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 39 (Jan to June)(Jan to Dec)
  • 40. For the B-Class, (21-30) has witnessed a Massive Decrease of 12%, and (31-40) has experienced a Massive Increase of 16% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 40 (Jan to June)(Jan to Dec)
  • 41. Occupation Wise, the B-Class has a Significant increase of 7% among the Employed audience, with Self-Employed again Dominating with 52% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 41 (Jan to June)(Jan to Dec)
  • 42. C-Class is Stable Across All Age Categories with (31-40) at 41% leading the way Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 42 (Jan to June)(Jan to Dec)
  • 43. C-Class occupations wise has seen a 7% Reductionin employed and an 8% increase in self-employed EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 43 (Janto June)(Janto Dec)
  • 44. The AMG Range witnesses a Massive Increase of 30% among (21-30) age group with more younger audiences enquiring Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 44 (Jan to June)(Jan to Dec)
  • 45. AMG witnesses a 50% surge in enquiries by the Employed in 2016 Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 45 (Jan to June)(Jan to Dec)
  • 46. Dream Cars witnesses a Massive Increase of 42% among (21- 30) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 46 (Jan to June)(Jan to Dec)
  • 47. Dream Cars are dominated by Self-Employed - Sons of Entrepreneurs at (67%) followed by Established Entrepreneurs (41-50) at 22% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 47 (Jan to June)(Jan to Dec)
  • 48. E-Class (21-30) witnesses an Increase of 8% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 48 (Jan to June)(Jan to Dec)
  • 49. E-Class: Self-Employed Dominate this category at 69% with a 10% increase seen in Employed Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 49 (Jan to June)(Jan to Dec)
  • 50. GL: (21-30) Drops 6%, (31-40) Stable at 37% and (41-50) witnesses an Increase of 5% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 50 (Jan to June)(Jan to Dec)
  • 51. More Established Entrepreneurs (31-50) going for the GL Series Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 51 (Jan to June)(Jan to Dec)
  • 52. ML: (21-40) remains Stable at 68% Share, (50 & Above) at 13% witnesses an Increase of 7% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 52 (Jan to June)(Jan to Dec)
  • 53. The ML is Dominated by the Self-Employed, with a massive 20% increase recorded Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 53 (Jan to June)(Jan to Dec)
  • 54. S-Class is Gaining More Older Crowd with a total increase of 13% in the (31-50) age group Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 54 (Jan to June)(Jan to Dec)
  • 55. S-Class is Dominated by the Self-Employed at 81% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 55 (Jan to June)(Jan to Dec)
  • 56. SWOT Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 56
  • 57. SWOT Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 57 •44% C-Class Enquiries •Social & Digital Media •Referral Schemes •New Car Duty Structure •Potential in Tier 2 & 3 Cities • Low Pricing By Unorganized Players • Higher Inventory • Aggressive Marketing by Rivals • 10% Difference In Pricing Compared to Unorganized Players • 20% Down payment • Weak POC Social Media Presence •Brand Name & Recognition •MB Global Inspection Standards •5 Days/500 Kms Exchange Policy •Website Referral Enquiries Highest •Biggest Dealer Network S W OT
  • 58. Porters Five Forces Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 58
  • 59. Porters Five Forces Analysis Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 59 • Industry Rivalry: Audi, BMW and Unorganized Players • Bargaining Power of Buyer: Buyer has a high bargaining power because of the existence of unorganized players offering better rates, Existence of Online Portals • Bargaining Power of Seller: High. Biggest Dealer Network Of Sales & Service, Good Finance Schemes by DFS, Refurbishment according to MB Global Inspection Standards, Good Brand Name so we can leverage on our Brand Equity with higher bargaining power leading to higher pricing than our fellow rivals, Emergence of New Generation Cars • Threat of Substitutes: New Cars in that Range, Unorganized Players’ low pricing tends to sway the buyers at times, Existence of Online Portals • Threat of New Entrants: Already Saturated Market. Audi and BMW Expanding their POC Dealership Network
  • 60. Customer POC Awareness Analysis (Pune & Mumbai) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 60 5) New Car 1) Website Awareness 2) Source Of Awareness 4) POC Call 3) Online Listings
  • 61. Findings & Inferences Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 61
  • 62. Consumption Audience • Age Group (31-40)is the highest contributor at 39%of total enquiries, followed by (21-30)at 28%and (41-50)at 21% • Self-Employedis the largest contributor of enquiries at 65%,followed bythe Employed at 23% • A-Class: YoungEntrepreneurs(21-40) Employed Professionals (31-40) • B-Class: Entrepreneurs& Employed Professionals From (31-60) • C-Class: Entrepreneurs&Employed Professionals From (21-50) EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 62
  • 63. Consumption Audience • AMG: GLA Enquiredby the Employed(21-40) Young Entrepreneursfrom (21-40) • DreamCars: Young Entrepreneurs(21-40) • E-Class: Entrepreneurs(21-50) Self-Employed Major Contributor at 69% Employed Witnessed 10%growth at 22% • GL: Entrepreneurs(21-50) Self-Employed Major Contributor at 71% EffectiveMarketing Promotions forMercedes-BenzCertifiedPre-OwnedCars 63
  • 64. Consumption Audience • ML: Entrepreneurs (21-60) Reduction of 13% observed y-o-y in the Employed Category which stands at a mere 2% today • S-Class: Entrepreneurs (21-60) S-Class is Gaining More Older 13% in the (31-50) age group Also, a 15% reduction is seen in the enquiries stands at 23% today Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 64
  • 65. Findings & Inferences Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 65 1. 55% customers buy Pre-owned cars due to budget limitation 2. Used car sales in developed market is at 2-4 times of new car sales 3. As user understanding evolves, organized used car market is likely to see 15-20% growth in the next 4-5 years 4. 33% Of Google’s ‘Most Searched’ Among Cars are for ‘Sedans and Luxury’. The number of queries related to used cars on Google Search have grown 20 times in the last 6 years 5. As many as 8 in 10 potential used car buyers starting their research from Google search seem to be undecided about which used car to buy 6. Most commonly searched queries involve questions around budget, brands, fuel type and ownership 7. Most number of used car searches come from Maharashtra, followed by South India, West Bengal, NCR, Uttar Pradesh and Punjab Source: Auto.Economic Times
  • 66. Findings & Inferences (Pune & Mumbai) Most Not Aware Of the Mercedes Benz Certified Website. GLE Having the most demand Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 66 • OLX more popular than CarWale and CarDekho with more listings • 15/24 not aware of the MB Certified Website • 16/24 interested in buying a new car • 6/16 among those interested wanted to buy the new GLE • Those who spoke to the POC Managers already, quoted price as the main issue, which was 5-6 lakhs lesser than expected
  • 67. Observations Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 67
  • 68. Observations: More Creatives, Digital Help and A PAN India Level Event Requested Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 68 1. A more Media-wise target driven approach needed for MB Certified marketing spends based on the monthly sales target 2. More Creatives Needed for MB Certified 3. % Of C-Class Enquiries Highest at 44% 4. Special DFS Schemes Needed for Diesel Cars above 2000cc after the Ban 5. PAN India MB Certified Event Requested
  • 69. Observations Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 69 1. Trade-In Bonus of 1L Helpful 2. Agility Scheme working well for demo cars. Helping in procurement too. 3. PULP was Running Well at Shaman Wheels, Mumbai (30 exchanges a month) 4. Kerala second Highest in terms of Digital Referral Enquiries (rajashreemotors.in) All males in Kerala. North Kerala Main Market. Not doing anything digital. 5. Selling easier Digitally, Procurement easier through Trade-In’s and Evaluation 6. No uniform segregation for the Marketing Budget calculation 7. Direction needed to enhance social media presence
  • 70. Suggestions & Recommendations • Brand • Website • Retail Communication • Digital Marketing & Social Media • Referral Marketing
  • 71. Brand Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 71
  • 72. Brand Offerings Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 72 1. Existing Offerings Which Should be Emphasized: • 12 Months Roadside Assistance • Mercedes Benz Global Inspection Standards • Warranty Up to 12 Months 2. Warranty Could be extended to 24 Months (Depending on the Car) & Unlimited Kms 3. Insurance 4. Courtesy Car 5. No. Of Checks Should be Emphasized
  • 73. Website Suggestions Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 73
  • 74. Website Suggestions Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 74 1. No. Of Checks should be shown 2. Comprehensive Roadside Assistance Description Emphasis 3. Good Testimonials (From the Dealership After-Sale) Should be Displayed Online 4. Insurance Should be Mentioned 5. Courtesy Car Should be Mentioned 6. Website Link to Facebook and YouTube
  • 75. Website Suggestions Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 75 1. Reduction In Enquiries Follow-Up Time to - Within 1 Hour 2. Faster Scrolling through Cars Needed 3. Enquiry Pop-Up before Leaving the page and Thank You Informatory note after registering an enquiry 4. Font Color Should be Changed from Grey to Black For Better Visibility 5. Bigger Photos When Clicked On & Dealer Number Besides Every Car to be Displayed 6. FAQ Section & Used Car Benefits Option (Also Content Marketing Link with CarWale/CarDekho) 7. Automated Moving Slide Banners On the Mercedes Benz Certified Website 8. Constant Request a Test Drive Pop-Up & Request Call Back/ Call On ‘123’ Option 9. Like / Option besides every car
  • 76. Retail Communication Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 76
  • 77. Retail Communication (Internal Branding) There is a fine line between ‘Informing’ and ‘Overwhelming’ Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 77 • Display Of Car Refurbishment Process Video to the Prospect on the Sales Person’s I-Pad . Also YouTube Videos should be posted and publicized to the prospects to refer to anytime • Willkommen Sticker At The Entrance Glass Door • Introduction of Smart Signs/Directions In the showroom • Fragrance like in the new showrooms, Pleasant Music and Plants. Caller Tune should mention the dealership’s name e.g. ‘Welcome to Silver Arrows’ Needed to Enhance Customer Showroom Experience
  • 78. Retail Communication (Internal Branding) Customers want to read reviews Online and Offline to enhance ‘Trust’ • Sticky Note Feedback Wall in the form of a Car can be introduced to Enrich In-Store Customer Experience • Selected Good Feedback can be posted as reviews on the Mercedes Benz Certified Website and respective Dealer websites Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 78
  • 79. Retail Communication (Internal Branding) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 79 • Life Journey Storytelling Specs Sheet: e.g. Willkommen ! I am an E 250 CDI from the E-Class Family. Born in 2014, I have been idle for most of my time! (29Kms Run) And guess what? You would be my first owner! With a Diesel Engine and 7G Tronic Plus Transmission, I am still up for a challenge against any new boy there. Rest Assured, I am under Warranty, unlike my Insurance which unfortunately isn’t valid in my case. But Hey, does that really matter to you?! My friends here have valued me at 50,00,000. Please take me home soon before someone else does ! We've made a commitment to being the best, and I promise you I will not disappoint. #TheBestOrNothing
  • 80. Retail Communication (External Branding) More External Visibility needed for Mercedes Benz Certified Dealerships Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 80 • More Visibility Needed for External Hoarding Placement • Should Ideally be placed on the Roadside with an increase in its height • Also, LED Lights should be placed on these hoardings for night time visibility • No Non-Mercedes Benz Cars Should be Displayed Outside
  • 81. Retail Communication (Events) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 81 1. 1 Pre-Owned Cars Carnival at least once every quarter 2. POC Off-Roading Event (Tie-Up with Banks’ HNI Customers Too) 3. Display of POC Dream Cars and AMG’s in Famous Clubs 4. Display Of C & CLA Class and Evaluation at IMA Meets 5. Doctors Meet Entrepreneurs Socializing Event - Sunday Brunch (Display High End Cars & Evaluation & Car Wash) 6. C-Class & CLA Display - Medical Conference (Special Photographer & Tarot Reader to Keep Spouse Engaged)
  • 82. Retail Communication (Events) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 82 1. Display & Evaluation Event in High End Societies in the neighborhood (Direct Mailing) 2. C & CLA Display, Valuation and Test-Drive events in hotels/clubs of High potential towns neighboring the dealership 3. Participate in Auto Events/Multi-Brand Carnivals hosted by e.g. TOI & DNA 4. Target Sports Days in Top Schools of India for Evaluation and Display
  • 83. Retail Communication (Newspaper Ads) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 83 • Car List, Color, Least Kms Driven Cars, Warranty, Down payment, Price & Mercedes Benz Certified Website Name and Dealer Website Name should be stated in every Mercedes Benz Certified Retail Newspaper Ad
  • 84. Retail Communication (ATL & BTL) Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 84 ATL Activities • Radio Jingle for the Facebook Event On the Mercedes Benz India Facebook Page ‘Why would you like to own a Mercedes Benz Certified POC?’ needed during peak hours to enhance Brand Recall and encourage participation BTL Activities • Data Harvesting On LinkedIn after obtaining HNI & GM+ Level Corporate Data from 3rd Party Vendors Send Mailers to These Verified Contacts • Call Back New Car Enquiry Rejects • Birthday & Anniversary Mail Wishes from Mercedes Benz India to Previous Years Customers With a plethora of special offerings • Display of Dual table-tents with New Car and Pre-Owned Car Offerings during all Pre-Owned Car Events
  • 85. Digital Marketing Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 85
  • 86. Digital Marketing Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 86 1. Tie-Up with Online Car Portals like Quickr for 1st Person Choice Of Verified Enquiry Leads which are above Rs.15 L 2. As Cost Per Lead in Digital Marketing is less, it is working the best today with tie-ups with Carwale and CarDekho in particular. Similar marketing and tie-ups should be done with OLX 3. Google Re-Marketing at each dealership needed 4. Content Marketing With Google displaying used car benefits to direct leads to our website
  • 87. Digital Marketing Referral Leads are the Highest at 60%. Less Direct - Indicating Less Website Awareness Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 87
  • 88. Digital Marketing (Referral) Most Leads coming from the Mercedes Benz India Website at 59.1% Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 88
  • 89. Digital Marketing (As Referral is the Highest) More Visibility would be A ‘+’ for Mercedes Benz Certified Pre-Owned On the Mercedes Benz India Website By Adding a Full Time Moving Banner On the First Page Or A Small Banner Below It Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 89
  • 90. Digital Marketing (Referral) Comprehensive Description Of the Dealership On Google Search with a Map & Directions is Needed for all Dealerships PAN India Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 90
  • 91. Digital Marketing (Organic Search) Organic Key Word Support should be provided to each Dealership Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 91
  • 92. Digital Marketing Showing A Good Response, A Personalized After-Sales App should be created for Big Dealers to Ensure A Seamless Customer Experience, Helping the Sales Pitch Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 92
  • 93. Social Media Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 93
  • 94. Social Media: A Regularly Updated Mercedes Benz Certified India FB Page Required Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 94 Mercedes Benz Pre-Owned Malaysia Similar Page should be created PAN India
  • 95. Dealership Social Media Connect Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 95 • Make Prospects Like the dealership FB Page at the dealership • Dealerships should post a POC Inventory Album with Car Specifications once a week on their respective FB Pages and Once a Month On the Potential MB Certified Pre- Owned Cars India FB Page (Always with the MB Certified Website Link) Also With Every Post Mention: Interested in a Car? Give us a Call on ‘123’/ A missed call on ‘123’ and we will call you back • Dealership Events should be posted on FB and Pics of the Event should be posted on their FB Pages following the event
  • 96. Social Media: 1 Mercedes Benz Certified Post Required Every Month On the Mercedes Benz India Facebook Page with the Mercedes Benz Certified Website Link FB Sponsored Ads Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 96
  • 97. Social Media Connect: To Enhance Customer Brand Advocates, Brand Recognition on the Social Network & Word Of Mouth Marketing Also the Selfie Stick Used Should Be Given As a Gesture After The Post Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 97 • Facebook Sharing BlinkTag Application should be used After-sale by all dealerships
  • 98. Facebook Event: To create a buzz and thereby increase the Mercedes Benz Certified India & Respective Dealerships’ Facebook Page Awareness Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 98 • #Alwaysthebest - Event On ‘Facebook’s Mercedes Benz India Page’ (1 Month Long) Tell Us In One Line ‘Why would you like to own an MB Certified POC?’ (In the Comments Section Below the Post) STEPS: a) Like our MB Certified FB Page & Dealership FB Page b) Like & Share this post and Tag most number of friends in the comments section below this post, along with your reason and hash tag #alwaysthebest #mbindia #mbcertified #preownedcars with it. 1 Person with the best reason and who has tagged the most number of friends, Wins a Mercedes Benz Certified Pre-Owned Car of their choice for a year!
  • 99. Referral Marketing Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 99
  • 100. Referral Marketing: Has High Potential Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 100 •10,000 worth Mercedes Benz Goodies Received per Referral today at Shaman Wheels, Mumbai • As Referral conversion ratio is high, a Referral program with points where (*1 point=1 Rupee) can be introduced for Employees and Customers •The points can be redeemed at any point of time in the form of Gift card’s from Amazon, Spa Vouchers and similar luxury offers •Higher the Car Value, Higher the Points Earned •Program can be Highlighted on Dealer Websites and the MB Certified Website • PROGRAM: 1. 1 Referral = 10,000 Points 2. 10+ Referrals = A Tie-Up with Make My Trip For a Vacation Abroad
  • 101. Thank You Effective Marketing Promotions for Mercedes-Benz Certified Pre-Owned Cars 101