...Sanger Questions 1. How would you describe the U.S. electric passenger car industry in 2011? The U.S. electric passenger car industry in 2011 was described as being in its infancy, because it is still a new concept to buyers. However there are signs of growth from 2011-2015. Buyers do not consider the car because of price, travel range and vehicle size, along with other secondary concerns. 2. Based on HEV sales to date, how would you describe U.S. buyers of electric passenger cars? Based on sales to date, the segmentation of U.S buyers is seemingly a very “niche” market as it is segmented to middle aged, large income, warm urban or suburban climates. U.S consumers are /unaware of the new technology, which makes them apprehensive to purchase them, especially at the high prices they are being sold for. 3. What might be a customer value proposition for BEVs and PHEVs expressed in fewer than 25 words? Driving electric; a luxury way to drive economically. Environmental friendliness, combined with the luxury comfort and power, all while using friendly energy. 4. How should the Fisker Karma Sedan be positioned in the marketplace? It should be positioned to the slightly more wealthy individuals that have families. The sedan being priced over 100k makes it a luxury item that is at least attainable to this demographic of wealthier consumers. The targeting shouldn’t be marketed as “the one car your family needs,” however, it should be marketed as the next addition to your...
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...Sanger Automo Sanger Automotive Companies Case | The Fisker Franchise Decision | Leigh Gerke | Introduction Luxury car retailer, Sanger Automotive is considering entering into a franchise agreement with Fisker Automotive to sell hybrid electric vehicles. The market for electric cars is increasing and an early entry into the electric car market would help to establish themselves in the market. Issue /Problem Definition Sanger needs to determine if it would be cost effective to enter into an exclusive franchise agreement with Fisker automotive due to the market demographic, newness of product, and overhead involved. Analysis Brand awareness Market size and location – two markets in Florida have been identified as the up and coming target markets- Lee and Collier County. The average incomes for people in the Naples/Marco Island areas is $81,250 as opposed to the average US income of $49,445. Here there is an older population; whereas the Fort Meyers/Cape Coral area has a lower median average income around $50,120 but the total population is six times larger and the age demographic here is much younger. Some Key Information: | Total Households | Incomes over 100K | Estimated Sales Volume per Year | Collier County | 133,640 | 20.20% | 16.2% | Lee county | 270,485 | 18.30% | 29.7% | 2.6% of total new passenger car sales in 2011, 7% in 2015 Estimate annual growth rate: 28.09% Fisker is already established in electric car market from their initial sale...
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