Thorny hurdles

Published: 20 October 1999 y., Wednesday
Carsdirect.com will launch an aggressive off-line campaign designed to prove it means business even if the company is only 5 months old. "We want consumers to know us as a company, an organization, an entity that is here to stay for the long-term," said VP-Marketing Lou Weiss. The $20 million fourth-quarter advertising, from Think New Ideas, West Hollywood, Calif., breaks Nov. 1 in Los Angeles, New York and San Francisco with the tagline, "America_s No. 1 way to buy cars online," and includes TV, print, outdoor and online.The campaign will run through yearend. Additionally, CarsDirect expects to spend $100 million to $200 million on advertising during the next three to five years. Separately, another car-selling site, Cars.com, this week is to announce its own ad campaign, a consumer TV effort that begins next week. CarsDirect was launched in May and has received $30 million in financing from Idealab Capital Partners, Goldman Sachs and others. CarsDirect, which sells more than 1,000 cars a month, aims to up that to 2,500 by the end of the year. Unlike Autobytel.com and Autoweb.com, which refer consumers to dealers, CarsDirect lets consumers research, price, select, finance, order and arrange delivery of a new car online. CarsDirect buys cars from franchised dealers and resells them. In online activity, however, CarsDirect has yet to make a dent: According to Media Metrix, CarsDirect_s unique visitors in August numbered 215,000. In contrast, Autoweb had 731,000 unique visitors and Autobytel, 1.1 million.
Šaltinis: Adage.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Health threat of petrol vapour set to evaporate

When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves. more »

Falling EU economy set to stabilise as measures take effect

The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010. more »

ATM outsourcing helps struggling FIs cut costs

In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative. more »

Reining in risky investing

Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices. more »

Ways Are Sought to Defend Lithuania’s Business Interests Better

On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”. more »

As the number of e-banking users rapidly increases, Bank SNORAS improves this service

Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system. more »

Paying for the grey

2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback. more »

3rd Energy Package gets final approval from MEPs

More choice, investment and security of supply lie at the heart of the 3rd energy package. more »

Swine flu fears boost drug giants

Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits. more »

Europe's cross-border deal hunters

Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership. more »