Question: Using the content from Chapter 8 as a reference, as well as the student example below (for the cell phone industry BACK IN THE DAY

Using the content from Chapter 8 as a reference, as well as the student example below (for the cell phone industry "BACK IN THE DAY IN 2008 LOL) for format, identify and describe four key target markets for the current U.S. auto industry. Identify and describe the segments on any combination of segmentation variables including demographics, lifestyle, usage, geographic location, and so on. Full marks for this discussion for a thorough response to the question and an active discussion of the posts of others.

Segment Name Sunsets Hannah Montana (tweenies) Donald Trumps (white-collar workers) The soccer moms (the pick-up-and-go market)
Who are they?Lifestyle, Demographics, Location These are the those who are WWII veterans and retirees Teenagers, these are typically of middle-class families with disposable income. The MySpace and Facebook generations The 30-50 somethings. These are the people who are business inclined and need to have the frequent email access and stock updates. Typically they have major disposable income. These are on-the-go women with kids. This is a pure necessity without desire for the latest fashion; income varies from low to high level.
Benefits Sought Clear and large screens, user friendly Unlimited text messaging, free nights and weekends, media--camera, Bluetooth, and songs Internet access, email access, high quality, unlimited Internet access and usage minutes Works, easy to use (user friendly), cost efficient
What do they buy? Nextel or pick-up- and-goes Razors Blackberries/ iPhones Pick-up-and-goes, family plan
Where do they buy? Target, Wal-Mart Mall stands Best Buy, online sites Cell phone stores, gas stations
When do they buy? Before they get put in the home B-day presents or summer After promotion or when they graduate, when they get first job When they have kids out and about
Why do they buy? To reach the outside world To be popular, to follow trends. Hannah Montana has one so why not me? For work necessity and to show that you are an up-and-comer To call the kids in for dinner and to get them home before the street lights come on
How do they buy? Social Security income Allowance and 'cause I told daddy I want one Credit card, red American Express card Husband's check
What do they read and watch? Fishing magazines, Price Is Right, and Wheel of Fortune Hannah Montana,TRL, My Super Sweet Sixteen, The Hills, Seventeen mag Mad Money, OReilly Factor, Business Week, New Yorker, WSJ Home and Garden, Fabio romance novels, soaps, and Rachael Ray
Growth Trends and Attractiveness Baby boomers are entering this stage Word of mouth, and youth is having increase in disposable income. Music increase New gadgets, able to work from phone Every mom wants to know where her kids are. Women popping out babies

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!