Tag Archive for: Auto Parts Marketing Strategy
Google Shopping: Boost Your Paid Search Campaigns This Holiday Season
Automotive MarketingGoogle Shopping can help increase your online sales of auto parts and accessories this holiday season and we'll tell you why and how to advertise on Google using Google Shopping ads. They make your online paid search/pay per click (PPC) campaigns…
6 Reasons Why Manufacturers Should Advertise on Google or Bing With Paid Search Ads
Automotive MarketingWhy advertise on Google: If you're in the automotive specialty equipment industry, learn about digital advertising for manufacturers. Here are 6 important reasons to advertise on Google or Bing right now. Paid search, or pay per click (PPC)…
Increase Relevance (and Sales!) with Email Segmentation
Auto Aftermarket News & Trends, Automotive Marketing One of the most popular channels to reach consumers is through email marketing, yet countless marketing messages go ignored and unread. We're all bombarded with thousands of marketing messages throughout the day, and people run avoidance measures…
Trend 32: The Consumer’s Definition of Performance
Auto Aftermarket News & Trends, Automotive Market Research, Automotive MarketingA large portion of the automotive aftermarket offers products that improve "performance," but what exactly is performance? In 2009, Hedges & Company originated market research on how automotive enthusiasts define "performance" as part of…
3 Things You Didn’t Know About 2005-2013 Mustang Owners
Auto Aftermarket News & Trends, Automotive Market Research, Automotive MarketingToday we're unveiling three things you didn't know about 2005-2013 Mustang owner demographics, one of the most important vehicles in our industry. The fifth generation, or S197 platform, Mustang market is a large and healthy segment for…
New Auto Market Research: Secrets of Parts Buyers Revealed
Automotive Market Research, Automotive MarketingNew BuyerZoom and BrandZoom research reports are available through the Hedges & Company Market Research Store. We've added new reports covering engine bearings, carburetors, connecting rods, cylinder heads, engine blocks, performance fasteners,…
GMROI Formula to Calculate Gross Profit Margin Return on Investment
Automotive MarketingLearn to calculate GMROI (Gross Margin Return on Investment) in Excel. It's an important tool we've used for nearly two decades of strategic consulting for clients. GMROI definition: GMROI (Gross Margin Return on Investment) evaluates profitability…
Stages of Business Growth: Learn the Growth Stages of a Company
Automotive MarketingStages of business growth for strategic planning If you're doing strategic planning, the stages of business growth tend to be similar for many growing businesses. As a business grows, it goes through distinct stages of growth. These stages…
How An Increase in Sale Price or Decrease in Sale Price Affects Gross Profit vs. Unit Sales
Automotive MarketingCalculate the impact of price increase on gross profit New bonus: Calculate a percentage increase or decrease in Excel, just scroll down to download your own Microsoft Excel workbook with the formulas for a price increase/price decrease and…
Rule of Three Business Examples
Automotive Market Research, Automotive MarketingWhat's the Rule of 3 in marketing? Here are Rule of Three business examples. The Rule of Three explains why some companies thrive and dominate their market segment, only to later become an afterthought. Market dynamics and the Rule of Three…
Learn How To Do 80/20 Analysis in Excel to Analyze your Business
Automotive MarketingLearn how to do an 80/20 analysis in Excel, and use the 80-20 principle to manage your business, reduce costs and increase your profits.You've probably heard about Pareto's Law or the 80-20 principle. Although...most people only understand…
Why Was The Great Recession Different? It Was the Double-Dip In Auto Parts Sales
Auto Aftermarket News & TrendsWhen looking at the auto parts retail segment of the economy, the Great Recession not only lasted longer than previous recessions, but our market research shows auto parts retail sales also had a double-dip. For all the talk in the news media…