Podcast
Questions and Answers
What was the primary strategy Ford Vietnam employed to maintain its market position amid changes in import duties?
What was the primary strategy Ford Vietnam employed to maintain its market position amid changes in import duties?
- Increasing advertising spend on traditional media channels.
- Introducing a new, lower-priced model to attract budget-conscious buyers.
- Initiating a price war by significantly reducing the price of the Ranger.
- Focusing on the unique features of the Ranger to avoid direct price competition. (correct)
The reduction of import duties on pick-up trucks in Vietnam from 30% to 0% in 2018 led to Ford increasing the price of the Ranger to maximize profits.
The reduction of import duties on pick-up trucks in Vietnam from 30% to 0% in 2018 led to Ford increasing the price of the Ranger to maximize profits.
False (B)
What specific type of mobile advertising tactic did Ford Vietnam use to target potential customers near dealerships?
What specific type of mobile advertising tactic did Ford Vietnam use to target potential customers near dealerships?
geo-fencing
The Ford Vietnam campaign utilized _______________ to tailor ads based on real-time location data.
The Ford Vietnam campaign utilized _______________ to tailor ads based on real-time location data.
Match the campaign tactics used by Ford Vietnam with their descriptions:
Match the campaign tactics used by Ford Vietnam with their descriptions:
Which statement best describes the outcome of Ford's mobile-led campaign in Vietnam?
Which statement best describes the outcome of Ford's mobile-led campaign in Vietnam?
Ford's campaign in Vietnam focused solely on price reductions to compete with other manufacturers.
Ford's campaign in Vietnam focused solely on price reductions to compete with other manufacturers.
Besides increasing market share, what other key metric did Ford's campaign positively impact, as indicated by test drive bookings?
Besides increasing market share, what other key metric did Ford's campaign positively impact, as indicated by test drive bookings?
Ford created seven different versions of the 'Built Ford _______' video content.
Ford created seven different versions of the 'Built Ford _______' video content.
What percentage of Ford's total marketing spend in Vietnam was allocated to mobile advertising?
What percentage of Ford's total marketing spend in Vietnam was allocated to mobile advertising?
Flashcards
Dynamic Creative Optimisation (DCO)
Dynamic Creative Optimisation (DCO)
Using real-time location to tailor advertising content dynamically based on the user's context and location.
Geo-Fencing
Geo-Fencing
Using location-based targeting to deliver ads to users within a defined radius of a specific location.
Focus on Features
Focus on Features
Ford's strategy to focus its marketing on the unique attributes and capabilities of its Ranger trucks, rather than engaging in price wars with competitors.
Retargeting
Retargeting
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Geo-Conquesting
Geo-Conquesting
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Ford Vietnam's Strategy
Ford Vietnam's Strategy
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Non-Price War Strategy
Non-Price War Strategy
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Study Notes
- Ford Vietnam increased its market share in the truck segment by launching 7 different videos showcasing the key features of its Ranger truck.
- The campaign delivered 1500 test drive bookings.
- The campaign helped sell more than 5000 Ranger trucks.
- The campaign increased Ford's category share from 9.5% to 10.5%.
- The agencies involved were Mindshare Vietnam, InMobi, and Moblaze, Vietnam.
Summary Details
- In 2018, import duties on pick-up trucks were reduced from 30% to 0%, making them cheaper than in 2017.
- To avoid a potential decline in sales, Ford chose to focus on the features of the Ranger instead of engaging in a price war.
- A well-crafted mobile campaign highlighted the unique features of the Ford Ranger and engaged the target audience.
- Dynamic Creative Optimisation (DCO), Geo-fencing, and Lead Generation tactics helped Ford Ranger grow its sales volume and strengthen its leading position.
- In 2017, the total pick-up segment declined by 9%, but Ford Ranger's volume grew by 4%.
- Ford Ranger's market share increased from 55.3% to 58%.
Campaign Strategy
- Ford Ranger aimed to increase penetration in the truck segment to 54% and maintain the #1 position.
- Their objective was to prevent customers from delaying purchases in anticipation of lower prices due to the abolishment of import duties on pick-up trucks.
- The import duty on cars in Vietnam dropped from 30% to 0% in January 2018.
- Other car manufacturers like GM and Toyota had already reduced their car prices, intensifying competition.
- The campaign focused on features instead of engaging in a price war.
- An interactive lead-generation ad unit was created to capture consumer interest and encourage test drive registrations.
- Seven different versions of 'Built Ford Tough' video content highlighting key features like off-roading, heavy load handling, and maneuverability were created.
- 80% of the total campaign budget was allocated to mobile, aligning with consumer behavior.
Campaign Execution
- The campaign focused on capturing consumer interest through interactive lead generation for test-drive opt-ins.
- Users were targeted based on device and location to download brochures and visit dealerships.
- Dynamic Creative Optimisation was used for contextual targeting.
- Geo-fencing targeted users within a 2-km radius of Ford dealerships.
- Geo Conquest targeted users who visited competitor stores.
- Users who engaged with one video version were retargeted with other versions.
Campaign Results
- The campaign was highly successful, overachieving objectives and reinforcing Ford as a leader.
- The campaign achieved a 60% reach increase and improved CTR from 0.1% to 0.36%.
- The campaign delivered 1500 test drive bookings and 1200 brochure downloads.
- The cost per lead was reduced by 15%.
- The campaign helped sell over 5000 Ranger trucks.
- Ranger's truck segment penetration increased from 55.3% to 58%.
- Ford's overall category share increased to 10.5% from 9.5%.
- Ford surpassed competitors like Mazda and KIA.
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