¶ … automobile Market conversations and trend is often dominated by branding. Toyota as a brand, has redefined the automobile market. In the year 2010, Toyota's category has made it dominant of the world market commanding 11% of the market share (OICA, 2010). Toyota as a brand is well positioned in the market and perceived as the maker of fuel-efficient models, with Corolla becoming one of America's favorite compact cars. Toyota has continually built new product categories for newly discovered needs in the automobile market.
After World War II, Toyota was focused on making cars as opposed to war machinery and buses. It came up with model SA in 1947 (SoftNews NE, 2008). This model, referred to as "Toyopet" became popular and the name was later used to refer to all sedan models. This was one of the earliest communication strategies adopted by Toyota. Toyota built on this to launch a more successful model the SF a taxi version and later it diversified adding the Land Cruiser a jeep and the Crown a luxury sedan (SoftNews NE, 2008).
In 1957, Toyota moved to the American market creating the first dealership in Brazil and there after an assembly plant in 1959. The same year it launched the motor sales department in Hollywood California that sold 288 vehicles in 1958. Toyota's strategy was to make sure that the models were suited for the market. Toyota launched an effective strategy of production and marketing of fuel-efficient models of superior quality. The first popular model was the Corona fitted with air conditioning as well as an automatic transmission. It became a popular car selling more than 20,000 units in 1966 (Toyota Motor Sales, U.S.A., Inc., 2012).
This worked in their favor as the rising fuel cost forced consumers to buy smaller fuel-efficient cars. This was Toyota's biggest break in the American and international market and it has maintained this category ever since. With this strategy, the American market developed a liking for Toyota cars and most popular among them was the Corolla. Corolla's debut was in 1968 and in the same year, registered a 30 million sales units internationally (Toyota Motor Sales, U.S.A., Inc., 2012). Toyota built on this success in the launching of other models. The 1970s saw Toyota launch a series of marketing campaigns including "You Asked For It/You Got It!" And the hit "Oh What A Feeling!" marketing campaign that included the popular "Toyota Jump" (Toyota Motor Sales, U.S.A., Inc., 2012, p. para 7). In one of the popular advertisement in the 70s was during the launch of the vintage truck in which Toyota stated, "most people buy small trucks for the same reasons they buy small cars" (The Day, 1971). By 1972, Toyota sold over one million vehicles in the United States surpassing Volkswagen making it number one import brand.
However, in the 80s, Toyota took advantage of the falling luxury car market with the launch of Lexus. It established a new company that would manufacture this brand of cars. The market received the Lexus well and it soon became synonymous with reliability and low maintenance cost, this gave Toyota both national and international recognition especially with the younger audience.
Presently, Toyota is leading in the battle for environment. In a bid to launch a new class for continued market dominance, it announced the production of a plug-in electric car that will run on electricity powered by lithium battery pack.
Analysis of Competitive Advertising
The philosophy of "the right car for the right person and place" (Ford Motor Company, 2011) guides Ford in identification of target market. They target lower and middle level income people with economy class cars and higher middle and higher income group people with the luxury cars. With a variety of product attributes it targets different age group and professional groups of people.
In 2011 ford launched "ALL IN-"a corporate print advertising campaign for the African-American population....
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