MARKETING PROCEDURES FOR VOLVO'S S60 MODEL
Market Analysis for the Volvo S60
Market Analysis for the Volvo S60
Company profile
Volvo, a Swedish-based car production company, stands out as the leading manufacturer of premium cars. The company produces luxury cars with the vision to provide to the world the most luxurious desired automobile. The company's mission entails providing the world's most exciting and safest cars for the modern families. By extension company seeks to increase shareholders values.
Strengths
Good heritage
Firm trust in their brands
Accredited environmentally friendly production process and use
High regard for safety
Quality Customizations
Good relations with the customer that achieves development of products related to customer preferences
Weaknesses
The company following a change of guard seems to have confusion with identifying itself in the market
The products under the company logo appear costly compared other products in the market
Limited market shares and penetration
Strict to their production standards and position this makes the company's product seem as rigid to the trends in the market.
Opportunities
The current trends in the market for luxurious cars presents an opportunity for the company to capture customers' interests and expand their market share through product customization
Volvo is a company that has put in place the concerns for the environment forehand. This allows them an opportunity to impact positively on the global trend of environmentally safe products.
The company production has measures to cut consumer cost by producing fuel-efficient cars.
Threats
Big international corporations are venturing in Volvo's luxurious cars.
Volatile price for oil makes the car industry face up with highly unpredictable market.
High cost of finances inhibits consumers to access funding for buying cars as well as...
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