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

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »