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>So you have to create a new brand to cater to the persona you're targeting [4] [5]. Toyota tried to do that with Scion, it turned out to be a bad business mov
by serf 3y ago
>So you have to create a new brand to cater to the persona you're targeting [4] [5].
Toyota tried to do that with Scion, it turned out to be a bad business move.
Toyota had a brand-relationship with the idea of quality and value, whereas most people related Scion to the Korean groups Kia and Hyundai, which at the time only had very low-quality offerings in the United States.
People didn't realize they were just rebranded Toyota. The resale suffered greatly compared to the mother company and after the gimmick of pseudo-Kei cars floundered in the west entirely they decided to just re-merge all of the vehicles back under the Toyota marque.
My point being : certain sacrifices are made when a "hep to younger generations' rebrand occurs. For Toyota it was their brand awareness w.r.t. quality and value, and Scion couldn't hold its' own weight with just gimmicky offerings.
- toomuchtodo 3y agoToyota is good at making incredibly reliable fuel efficient cars, but not much else. I say this as someone who was very loyal to the brand (have owned ~5 Toyotas and Lexus' in aggregate) until an EV competitor came along who demonstrated commitment to delivering on EVs.