Tanja Kuehni, Elisa Lokmagozian, Andrew Mirto, Erik Sharp
Opportunity of an electric truck Marketing objectives Value proposition Product position Competition Marketing mix Financial plan Review & conclusion Questions
1New, innovative product 1Green solution for truck market 2Growing market for electric vehicles 2Demand for better solutions (mention survey results) 3 (shortly explain graph)
(Kuehni, Lokmagozian, Mirto, & Sharp, survey, October, 2013)
3Create customer value by responding to customer needs: (Better MPG rate Luxurious interior More room) → refer back to graph 4Financial objectives: Sell 2,700 units in first year, 5,000 in second, 15,000 in third Break even by the end of the second quarter of the second year
Male Average Annual Household Income of $135,000 Outdoor-Oriented Perceived upper-middle class
More-for-more position High level of consumer value Base price of $75,000
Luxury vehicles Mercedes, BMW, etc. High performance pickup trucks Dodge, Ford Raptor, etc. Electric vehicles Nissan Leaf, Chevy Volt, Porche Panamera E-hybrid
1Basic Price: $75,000 1Personal selling (at Tesla’s stores/galleries) in the U.S. market 2Advertising and Public Relations
The value and demand of an electric truck 2700 vehicles in the first year break-even at 26 Outdoor oriented males with $135,000 Value proposition and More-for-More Competition $75,000 with personal selling and Advertising/PR