brand bailout
Posted by Abe Sauer on October 19, 2009 05:06 PM
Though the Dow's back over 10,000, and record bonuses are again expected on Wall Street, luxury is still declining. So what's an ostensibly luxury auto brand like Mercedes Benz to do?
Though it seems the iconic German brand had a better than expected third quarter, word is that Mercedes will soon start to stress its autos' new safety technologies over their poshness. Mercedes' VP of US marketing Steve Cannon tells Automotive News, "You have to give people the justification that says, 'Yes, a Mercedes-Benz is relevant to me -- it can save my life.'"
It's a smart move for a number of reasons. Downplaying luxury in favor of other benefits is more in line with what the brand's competitors are doing. For instance, BMW and Audi are both focusing on the respective "green" fuel benefits of their offerings.
More importantly, the Mercedes brand is so intertwined with “luxury” that even if it isn't stressed, it's implicit -- at least for a few more years until The Emergency is over and everyone can get back to putting the latest S-Class model on a low-interest-introductory-rate credit card.
A word of warning though: When Mercedes does finally roll out a fresh branding campaign stressing safety, sometime in 2010, it better be less abstruse than the "Angels" thing the brand recently used (above). That abstract stuff may fly with erudite Germans; but in America we like to see things go smash and then be told how many stars it got somewhere.