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

Putin reassures Russia on economy

Vladimir Putin appeared on live television and radio for his annual question-and answer session with the public. more »

EUFISERV Payments, ATM Scheme comply with SEPA; separate from processing biz in Europe

EUFISERV Payments announced today that the separation of the EUFISERV ATM Scheme from EUFISERV's former processing business is now complete, and is in line with the SEPA requirements of the European Central Bank and the European Commission. more »

Detroit impacts Mexico's economy

600,000 Mexicans work in the auto and auto parts industries, and U.S. automakers run around a dozen plants. more »

Time for Britain to join euro?

The President of the European Commission Jose Barroso says some British politicians are considering signing up to the euro more »

U.S. officially in a recession

It's official. The U.S. economy is in a recession. more »

Credit crunch – the EU at work

The crisis that started in the US over a year ago has sent shock waves around the globe. more »

Kick-starting the economy

Offering a coordinated response to the EU’s deepening economic crisis, the Commission is proposing €200bn in measures to boost purchasing power and generate growth and jobs. more »

UK promises billions in stimulus

The two men charged with keeping Britain's economy afloat moved on Monday to ward off a deepening recession. more »

An aging Europe - MEPs call for social security reform

European citizens are getting older and greyer. By 2050 it is estimated that the average age in the European Union will be 49, up from 39 now. more »

Obama's economic stimulus plan

Addressing U.S citizens, Barack Obama spoke of plans to revive the economy. more »