Guys, Knowing That Women Are Your Market Is Only Half The Battle. Now, The Race Is On To Figure Out How To Connect With Her Effectively.
Video excerpt: Holland+Holland partnered with Porsche® to discuss marketing to women
Female car buyers are making up a larger customer base for some of the top domestic auto brands, but none approach the gains that Porsche has made with women this past year.
Of all automakers Porsche® has made the largest relative market share gains among women nationwide over the past year, according to an analysis from Edmunds.com, the premier online resource for automotive information. From January through August 2011 23 percent of Porsche buyers were female, compared to 19 percent during the same period last year. The growth accounts for a 21.1 percent proportional change, year over year.
Knowing that the female is your market is only half the battle and Porsche® Cars of America understands that.
Responding with effective product and marketing changes is what places them at the top. They get that all women are not alike.
I was very fortunate for the opportunity to participate in creating one of the sales training modules titled, “Demystifying the Female Market,” for the launch of the 2012 911 Carrera S. With more than 200 dealers across the nation on board to better understand the female consumer, Porsche® is most likely going to continue to speed past the competition when connecting with women.
And, since “Cars” ranked 2nd highest of product categories in which women are most dissatisfied, (according to to a 2009 study published in the book Women Want More by Michael J. Silverstein and Kate Sayre,) the automotive industry has vast opportunity to drive revenues up by marketing to women.
But beware. It is not simply knowing that the female is your market that counts. You must listen to her before you can meet her needs.