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

Commission closes investigation into agreement between Bratislava Airport and Ryanair

The European Commission has today decided to close the formal investigation procedure into the agreement between Bratislava Airport in Slovakia and Ryanair after concluding that the airport operator acted as a market economy investor and therefore no advantage has been granted to Ryanair. more »

Jamaica: Agriculture Ministry and World Bank to Assess Weather-Risk Model for Coffee Industry

The coffee industry of Jamaica represents one the largest earners of foreign exchange, approximately US$30 million in 2008. more »

IMF Executive Board Concludes 2009 Article IV Consultation with Mauritius

On January 13, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mauritius. more »

IMF and World Bank Announce US$1.6 Billion in Debt Relief to Afghanistan

The World Bank's International Development Association and the International Monetary Fund have agreed to support US$1.6 billion in debt relief for the Islamic Republic of Afghanistan. more »

New study on "Public Goods provided by Agriculture in the European Union"

The Common Agricultural Policy plays a critical role in helping farmers to deliver environmental goods and services, provided that policies are targeted in the right way. more »

Commissioner Samecki encourages Croatia to use EU investment as a launch-pad for growth

Regional Policy Commissioner Paweł Samecki will meet Croatia's Prime Minister Jadranka Kosor and members of her government in Zagreb on 25-26 January to discuss the country's preparations for accession in the context of the EU cohesion policy. more »

Dominican Republic: World Bank approves US$20 Million to Foster Local Development through Municipalities

The World Bank Board of Directors today approved US$20 million for the Dominican Republic in support of the Municipal Development Project, which aims to improve the technical and financial capacity of local governments. more »

EIB supports with EUR 400 million development of automotive sector in Romania

The European Investment Bank (EIB) is lending EUR 400 million to Ford Romania SA for the expansion and refurbishment of the company’s existing car assembly plant located in Craiova in the South-West of Romania. more »

The Agriculture Council studies ways to improve the functioning of the food supply chain

The Agriculture Council of the European Union has examined ways to improve the functioning of the food supply chain with the ultimate aim of controlling the fluctuation in prices and ensuring a more equitative distribution of the added value throughout the chain. more »

806 construction workers in Lithuania to receive help from EU Globalisation Fund

The European Commission has today approved an application from Lithuania for assistance under the Globalisation Adjustment Fund (EGF). more »