KEMBAR78
Consumer Behavior | PDF | Pricing | Brand
0% found this document useful (0 votes)
12 views11 pages

Consumer Behavior

The document outlines the brand strategy for DRIVORA, a luxury vehicle brand targeting affluent consumers seeking adventure and personalization. It details the consumer decision-making process, emphasizing the importance of a strong online presence, personalized purchasing experiences, and fostering long-term customer relationships. Additionally, it presents cross-cultural marketing strategies and pricing approaches tailored to different regions, including North America, Europe, Asia, and Latin America.

Uploaded by

elle54449
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
12 views11 pages

Consumer Behavior

The document outlines the brand strategy for DRIVORA, a luxury vehicle brand targeting affluent consumers seeking adventure and personalization. It details the consumer decision-making process, emphasizing the importance of a strong online presence, personalized purchasing experiences, and fostering long-term customer relationships. Additionally, it presents cross-cultural marketing strategies and pricing approaches tailored to different regions, including North America, Europe, Asia, and Latin America.

Uploaded by

elle54449
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 11

Consumer

Behaivor
Brand Creation, Consumer decision making
process and Cross cultural marketing

Group 2
Brand Overview...
Brand Name: DRIVORA

Brand Slogan: "Unleash Your Journey." (Captures the spirit of adventure,


freedom, and personalized experiences.)

Brand Indentity: Modern & Progressive Luxury: Appeals to forward-


thinking affluent individuals.
Performance-Oriented: Focuses on exceptional driving experiences.
Driven & Adventurous Target Market: Attracts those seeking thrill
and exploration.
Key Differentiators: Cutting-edge technology, Sustainable practices
and Personalized customization
Understanding the
Consumer Decision Process
Problem Recognition Information Search Evaluation of
The consumer identifies a Potential Drivora Alternatives
need for a high- customers will thoroughly Drivora competes with
performance, luxury research the vehicle. established luxury
vehicle. Drivora needs to maintain a performance brands like
This need is driven by: strong online presence. Porsche, Ferrari.
1. Desire for superior driving Provide comprehensive Drivora must highlight its
dynamics. and easily accessible unique strengths to stand
2. A statement of personal details about the car. out:
success. Showcase the car's design 1. Advanced technology
3. A need for a vehicle that and features through 2. Pesonlalization
matches their lifestyle professional, high- 3. Driver engagement
resolution images and
videos.
Post-Purchase
Purchase Decision
Behavior:
Drivora must offer a Drivora must nurture
personalized and seamless customer relationships
purchasing experience. through exclusive events,
This includes tailored owner's clubs, personalized
financing options, exclusive service etc.
concierge services, and Providing access to a
opportunities for community of like-minded
customization. individuals and creating a
Building a personal sense of belonging is crucial
for long-term brand
relationship with the
advocacy.
customer is key to
fostering brand loyalty.
Cross-Cultural Marketing
1. North America (USA & Canada)
Why It Works:

North American culture values personal freedom, self-expression, and caring for the environment. People, especially

Millennials and Gen X, prefer brands that highlight personal success and eco-friendliness.

Pricing Strategy:

1. DRIVORA will be priced competitively in the USA and Canada, with some budget-friendly models to attract buyers.

2. The price will range from $35,000 to $55,000+, competing with Tesla and luxury SUVs.

3. The focus is on sustainability and freedom, appealing to younger buyers with flexible payment options.
Cross-Cultural Marketing
2.Europe (Germany, UK, France)
Why It Works:
European consumers value refinement, innovation, and sustainability. They appreciate high-quality craftsmanship
and are quick to adopt eco-friendly technologies.

Pricing Strategy:
1. Premium yet accessible pricing (€32,000–€45,000+).
2. Competes with Audi A4, BMW 3 Series, and other eco-luxury brands.
3. Focuses on innovation, performance, and sleek design.
4. Government EV incentives can help reduce costs.
Cross-Cultural Marketing
3. Asia (China, Japan, South Korea, India )
Why It Works:

Asian markets prioritize social status, exclusivity, and cutting-edge technology. Consumers across the region seek

brands that symbolize success, innovation, and personalization.

Pricing Strategy:

1. Aspirational yet accessible pricing, designed to be competitive while reflecting DRIVORA’s premium positioning.

2. Luxury customization and advanced technology are key selling points.

3. Government incentives for eco-friendly vehicles improve affordability across various markets.
Cross-Cultural Marketing
4. Latin America (Brazil, Mexico)
Why It Works:

Latin American consumers are drawn to passion, freedom, and adventure, with a strong emphasis on community

and cultural vibrancy. They connect with brands that reflect energy, excitement, and shared experiences.

Pricing Strategy:

1. Affordable entry pricing to increase market reach while maintaining a premium appeal.

2. Messaging highlights adventure, freedom, and community-driven lifestyles.

3. Flexible loan options and low interest rates make DRIVORA more accessible.
Implementation
North America
1. Influencer Partnerships: Collaborate with local influencers in outdoor/adventure niches.
2. Experiential Events: Host pop-up test drives at festivals like Coachella, SXSW.
3. Pricing & Financing: Offer flexible financing options, highlight sustainability, and use tax incentives.

Europe
1. Luxury Collaborations: Partner with local luxury brands for exclusive designs.
2. Eco-Friendly Events: Organize eco-driving tours and participate in major auto shows.
3. Pricing & Incentives: Price from €32,000–€45,000 and leverage EV incentives.
Implementation
Asia
1. Luxury Customization App: Develop an app for personalized car designs.

2. Cultural Integration: Align with local events and festivals (Lunar New Year, Diwali).

3. Pricing Strategy: Focus on premium yet affordable pricing with luxury features.

Latin America
1. Vibrant Social Campaigns: Use #VivaLaDRIVORA for high-energy social media campaigns.

2. Music & Motorsport Sponsorships: Sponsor events like Lollapalooza Brazil, Mexican Grand Prix.

3. Pricing Strategy: Offer affordable pricing with flexible loans and low-interest rates.
THANK
YOU

You might also like