Key Strengths
Number of Dealers
Amazing Cars has the following strengths in Period 4. Amazing Cars still has the largest number of dealers with 480. The other firms have the following: Firm B 294, Firm C 350, Firm D 432, and Firm E 395. Firm A did not add any extra number of dealers and neither did the competitors so that may Amazing Cars be at top of the game.
2. Alfa Sales
Amazing Cars started with Alpha sales of 353 thousand units and is currently at 440 thousands units. This is an increase of 87 thousand units. The increased in unit sales was thanks to the major upgrade to Alpha. We changed the style from 1 to 2 as our consumer segments want a car with a style of minimum 2.
3. Retained Earnings
Firms A’s retained earnings have increased from $2,070 millions to $6,121
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Firm A has one of the lowest investments in training with $40 million.Firm C invests $70 million in training and Firm E invests $50 million which puts us behind the game. Amazing Cars has this as a weakness as the Firm hasn’t taken the risk of investing more on training. The firm only invested $10 million in Period 1.
2. Dealer Rating
Firm A has the lowest dealer rating with 62 in comparison with the other firms. Firm E has the highest dealer rating with 74, both Firm B and C have 68, and Firm D 65. This weakness was created due to the lack of investment from Firm A in training. As mentioned earlier, Amazing Cars has only invested 10 million in period in comparison to the other firms
3. Market Share
Amazing Car started with a Market share of 24.8% but now it dropped to 19.9% which puts us in the third place. The two firms with the highest market share are Firm D with 26.3% and Firm E with 24.7%. Firm C has 18.2% and lastly, firm B 10.8%. This weakness was created because we have lost market with Alec. Over the periods, the firm has only invested $10 million in advertising and
In 2007, Harley Davidson was the world’s most profitable motorcycle company. They had just released great earnings and committed to achieve earnings per share growth of 11-17% for each of the next three years. Their CEO of 37 years, James Ziemer, knew this would be an extremely difficult task seeing Harley’s domestic market share recently top off at just under 50%. The domestic market was where Harley’s achieved the most growth over the past 20 years and with it leveling off, where was Harley going to get the 11-17% was the million dollar question.
The financial health of GM has been rocky over the last decade, one remarkable moment being the filing of bankruptcy and the subsequent government bailout. There have been many ups and downs for the corporation but for the last few years (Figure 4) profits again have risen to be the standard. Since the company’s recovery from bankruptcy their status has stabilized financially and in performance. Something is to be said that they have been in business for over 100 years and are still going strong earning them once again the title of top automobile manufacturer of the world.
The internet is now an important part of the marketing sector. Using internet resources, companies can reach a larger audience than through traditional marketing, and do it faster and cheaper. Second Life, (SL) owned by Linden Lab, was founded ten years ago, and is one of the leading 3D virtual world software platforms. It provides virtual world, virtual life exploration, and real-life simulations in cyberspace. The virtual world is a web-based simulated environment for a user to participate via a virtual representation, referred as an “avatar”, who is provided with tools to view, navigate, and modify the virtual world space and participate in its virtual activities. (Second Life, 2009). SL provides a new arena for creative advertising methods and mechanisms. This report looks at the SL “virtual” marketing plan for the Vauxhall Car Company.
Chevrolet has a large diversity of vehicles, as stated by Farrell & Hartline (2014), “the company has developed large trucks and vans; the Silverado, Avalanche, Colorado and the Express, full-size; midsize, compact, and sub-compact automobiles; sports cars; and even race cars” (p.406-407). Chevrolet strengths are the large diversity of vehicles under the brand name. Moreover, Chevrolet has a unique product mix, that offers an arrangement of vehicles for all different types of consumers. Additionally, Chevrolet offers these various types of vehicles at different price points, a vehicle to fit every budget.
The automotive industry has become very competitive such there is practically no car that can be underrated on its competitiveness to deliver on the functionality. The versatility in the industry has been so high that even the first countries to have come up with the know how of the technology have almost been obliterated from amoung the best in the industry. Belgium were the first country to have run an automated engine before it went further being improved upon due to some major demands for them. The Ford company instead revolutionised the car business by ensuring that they made it commercial The demands that have been placed on the industry have enabled the various makers come up with a quality that is unquestionable considering where the automotives are coming from. The Germans who seem to be amoung the great giants in the game have various brands that have stood the test of time and
...otion such as above the line promotion and below the line promotion. Above the line promotion are like mass media such as television , news papers , radio and so on . Below the line promotion is non-media advertisement like sponsorship, show, discounts to dealers and sales promotion activities .
Achieving world class business performance is a major challenge in today’s society. Manufacturing companies continue to face increased competition and globalization from its competitors. (1, p. 148). The automotive industry is one of the most volatile manufacturing industries that we have, which was evident in the 2008 – 2010 automotive industry crisis. (2) This global financial downturn served notice to the American automotive manufactures to raise the bar, in order to achieve word class business performance. General Motors, one of the country’s largest automotive manufactures, had to receive a government bailout to survive. During this time many with the corporation asked themselves, if we were a world class business, would we be facing this pending crisis. The answer was a resounding “NO”. General Motors has come out of bankruptcy and is focused on being a world-class business organization.
General Motors (GM) has been a leading manufacturer in the auto industry for over a century. GM’s first automobile manufactured in 1903 was simply called the Model 719. It consisted of a steel frame and a five-horsepower engine with two forward gears. Throughout each decade, GM continued to innovate and improve the design, quality and efficiency of its automotive products. GM traveled
We can analyze whether Ducati should enter the Cruise market of Harley Davidson or not by doing a SWOT analysis and the benefits Ducati will be able to attain financially in the new market.
Business has been doing good with an emphasis of selling new cars as the principal business of the dealership
General motors in on the of the biggest auto makers in the United States. It holds about one percent of the United States employment. The company which sold over 219,000 vehicles in November of last year only was able to sell 155,000 cars and truck to the American Public declining 41 percent compared to last year. GM car sales of 58,786 were off 44 percent and truck sales of 96,091 were down 39 percent. The steep decline in vehicle sales was largely due to a significant drop in the market’s retail demand compared with last year, and continuing economic uncertainty that has affected consumer confidence. The market shares for General Motors have always been low, but recently it has plunged to a 20 percent starting from 1980. I have included a graph which shows the decline in all of auto industry.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
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As a result of the increased demand of cars, the competition among car companies is becoming intense. Although the market of car is the biggest growing market in the world, there are still some companies who make cars failing year after year. However, there are some outstanding car companies such as The BMW Group performing distinctly.
In today’s society when you think about super extravagant, high end, luxurious vehicles, what top of the line automotives can you actually think of that comes to mind? If you guessed correctly it would actually be no other than “The Mercedes Benz”. Mercedes Benz is known to man as one of the finest cars of luxury dated back to the late 1800. In 1886 Karl Benz invented the first horseless tricycle. Later on in the early 1900’s both Karl Benz and Gottlieb Dailmer whom were both born in Germany teamed up and branded the first “Mercedes”, which was known as the first automobile which was also developed by William Maybach. Also known for the first car with four wheels