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Marketing and Honda Cr-v

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Honda’s Market Strategies for the New CR-V
Jayne Diaz
BUS 620: Managerial Marketing
Professor David Kalicharan
February 6, 2012

Honda’s Market Strategies for the New CR-V

The 2012 Honda CR-V recently came out with a commercial that spoofed the movie Ferris Bueller’s Day Off. The advertising and marketing strategies for this product will be analyzed in this paper. To begin, the paper will discuss some of the benefits that were highlighted about the new CR-V within the commercial. Next, market segmentation of the product from the commercial will be illustrated. Lastly, recommendations for improving the commercial to possibly influence more sales will be brought up. Bringing back the past was a fun and creative way for …show more content…

This car is specifically designed for someone with an active lifestyle and who needs the versatility of a sports utility vehicle to get certain things done. However, when it comes to cars, individuals usually already have an idea for which car they want to buy. Some consumers only buy luxury cars like the BMW, Mercedes, and Audi. Then there are those that only have mid-priced cars like the Honda, Toyota and Mazda. Writer for Car & Driver magazine, Jared Gull (2011, para. 14) wrote, “The 2012 CR-V pleases on paper and remains a refreshingly competent entry in a dull segment. We’re amazed and heartened that a vehicle that feels so sporty relative to its competitors can consistently outsell all of them”. The consistency of Honda sales could be due to brand loyalty, making this ad perfect for customers that already have a CR-V but now need to upgrade to the new and improved version. It may be difficult through this commercial to change the perceptions that luxury car owners have to downgrade to a Honda because of the image it presents. Although current Honda owners may appreciate this commercial there is nothing in this ad to inspire conquest sales from owners of other brands. One strong marketing tool that Honda used was Matthew Broderick’s presence. Using a famous

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