Group8 Vespa Marketing Presentation

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Information about Group8 Vespa Marketing Presentation

Published on July 13, 2009




NYU, Stern Advantage, Marketing project: Repositioning Vespa Piaggio in the US market as Women's new accessory with speciffic targeting at young women in the metropolitan area.

Ro d a a mp  Ve p fo Me Only? sa r n  W m n’ Ne Ac e s ry o e s w c so  W a Tho eStile sa Ge Aro ! er s tto nd t und

P fita ility & Ec no icP s e ts ro b o m ro p c •Europe: Market leader for scooters •USA •Growing presence in scooter market •28.7% increase in sales last year

P fita ility & P s C m a ns ro b a t a p ig European Ads Switzerland, 1946.

United Kingdom, 1961. Independence Campaign. Italy, 2005.

P fita ility & P s C m a ns ro b a t a p ig U.S.A. Ads

Unchartered Territory: Gender Market Share 60% 40% •Women make and influence buying decisions •Women’s earning potential is growing •Women are natural marketers New York Times, October 31, 2003.

Unchartered Territory: Age Distribution •13% of women are in the “active population” ages 25 to 34 years old U.S. Census Bureau, July 2008.

Unchartered Territory: Geographic Market Share 43% 19% •Almost half of the U.S population lives in condensed, urban areas. World Bank, Ranking America, March 2009.

Unchartered Territory: VALS •48% of women fit the psychographic profile of a potential Vespa buyer SRI Business Consulting Intelligence, VALS, 2004. U.S. Census Bureau, 2009.

Who’s That Girl? SHE IS •25 to 34 years old •Metropolitan •Active, smart, professional SHE NEEDS •To commute efficiently SHE WANTS •Independence •Success •Style SHE DEMANDS YOUR FULL ATTENTION! There are over 4 million of her with disposable income, representing a potential market value of $12.7 billion in sales.

She’s Got It! 4 Million Target Women = $12.7 Billion Market Value

Who’s Not Reaching Her? Yamaha – With all their horsepower and “seriously sporty image” Honda – Bike-focused for the male “idealized freedom seeker” Vespa Piaggio – Not yet...

Vespa’s Competitive Advantage •Lightweight •Good-looking •Female-friendly •Eco-friendly •Accessible •Focused on YOU, the owner

Putting Vespa In Her Sight • Product • Classic, established brand • Price • Set price, appropriate for the target • Place • Elaborate dealership network across USA • Suggestion: training dealers to work with her • Promotion • Suggestion: reach out to her in new ways

How To Reach Her The Best Way to Get Around in Your Stilettos Drives Like a Car, Parks Like a Bike Helps You Save the Planet on a Budget

The Best Way to Get Around in Your Stilettos •Women’s New Accessory •Style Icon •Gear Shift on Handles •Flat Floorboard •Pass-Through Leg Area Design

Drives Like a Car, Parks Like a Bike •Ideal for Tight-Spot Parking •Designed with Ample Storage Space •Agile •Stable •Compact •Mobile

Helps You Save the Planet on a Budget •Vespanomics for Women •$8 dollars per tank •70 miles per gallon •Unobtrusive footprint •Reduces traffic congestion •Doesn’t sacrifice speed •Benefit of a tax rebate “Vespanomics” Green Seal of Approval

Putting Vespa Out There For Her To See •Commuter Trails and High-Traffic Areas •Style Magazines •Designer-Sponsored Test Rides •Celebrity Endorsement (Michelle Obama!) •Steady Advertising Campaign

In Vespa, men already found freedom and fun… Now, women will find independence and style


Sa ty fe  Exte ives fe a c s o s ns a ty c e s rie  Trainingthro h yo d a rs ug ur e le hip  Mo rc leSa ty Fo a n (MSF) Rid rC urs to yc fe und tio e o e

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