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Do you realize that the automotive is the #1 spender on advertising, with a $50 billions yearly budget according to Publicis[0]. It spent $9 billions in 2018 ju
by rcMgD2BwE72F 7y ago
Do you realize that the automotive is the #1 spender on advertising, with a $50 billions yearly budget according to Publicis[0]. It spent $9 billions in 2018 just for digital ads – a minor channel for auto brands, up 17.3% year over year[1].
Note that car reviewers often accept to review new cars only when the manufacturing company has signed an deal for advertising campaigns with a sister company of the media organization. Also, media generates far more clicks with scandal-mongering headlines > clicks > ads views/impressions for auto advertisers > revenue for the publisher > exclusive car reviews > clicks > etc.
Tesla's marketing activities are just a drop in the ocean: no ad budget, a few official social media account, a referral program limited to Tesla owners, and a few product reveals.
[0] https://adage.com/article/cmo-strategy/tv-networks-beware-auto-ad-spending-slow-a-crawl/316850 https://adage.com/article/cmo-strategy/tv-networks-beware-au... (calc: 35.5/.76)
[1] https://www.emarketer.com/Article/US-Auto-Industry-Middle-of-Robust-Digital-Ad-Spending-Growth/1014049 https://www.emarketer.com/Article/US-Auto-Industry-Middle-of...
- rasz 7y agoDoesnt change the fact _this_ particular blogger personally holds a paper promising him $500K worth of supercars .. if, and only if Tesla doesnt bo under before releasing Roadster somewhere in 2021-2022. Id say half a million dollars is enough to make you strongly biased.