Toyota Dealership Wins TV Campaign Through Detailed Market Analysis
OnSpot Delivered Extensive Competitor Data to Analyze Customer Journey
Goal
A Toyota dealership group in Northern California wanted a deeper understanding of the car buyer journey, including how consumers cross-shop their competitors.
Analysis
OnSpot provided visitation and demographic data on 53 Toyota dealerships and competitor dealerships in the Northern California market:
- Honda
- Kia
- Mazda
- Nissan
- Subaru
- Volkswagen
Execution
Data was compiled to show the following:
- Cross shopping, including buyers that visited multiple Toyota dealerships
- Visit behavior such as time-of-day and day-of-week to understand how long it takes for a buyer to make a purchase decision
- The average number of different dealerships a buyer visits before purchase
Results
The analysis disproved several key preexisting metrics for the Toyota dealer group:
- That Mazda was their biggest competitor brand, when in fact 37.3% of Toyota shoppers most often also visited a Nissan location.
- That customers typically take three weeks to make a vehicle purchase, when the data showed that it actually is seven weeks.
- That customers visit two competitor dealerships before buying and the OnSpot analysis showed four.
Conclusion
This dealership group was able to win a linear TV campaign based on this compelling competitive analysis. OnSpot was therefore able to deliver a precise target audience of in-market households, based on their competitor shopping behavior, to receive the TV advertising.