Resources - Mature Market Headlines
Grown-ups bask in Cubes' youthful glow
USA Today, 9/21/09
Abstract:
Gary Musser of Las Vegas traded a Toyota Prius hybrid for his spanking new Nissan Cube, and loves to cruise the glittering Vegas Strip in the little boxy car he says is a "babe magnet."
Thing is, Musser's 71 and married. That means, for one thing, any magnetism is arm's-length. It also means car marketers might have shot wide of the mark with the newest small, tall boxes aimed to lure elusive young buyers. Musser's outside the mainstream, but he's not as far afield as you might guess. Typical buyers of today's tall, boxy cars, not just Cube, are in their 40s, twice what you'd think from the cars' "hey, kids" marketing.
Starting with Honda's 2003 Element — Honda once touted it as "a dorm room on wheels" — through Toyota's 2004 Scion xB, the 2009 Cube and 2010 Kia Soul, automakers have been trying a formula popular in Japan for a decade or more: Draw youthful buyers with oddball, but eminently practical, cars that are pure rebellion against the swoop and slope that usually defines a sexy car.
Their roominess, cargo space and quirky looks may combine for "some staying power" in the market, says Stephanie Brinley, senior analyst at industry consultant AutoPacific. "Those boxes really do have body styles that are easy to live with, a level of practicality you just can't get" in other small vehicles.
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Why firms fail to leverage trends - good article in the HBR that goes a long way to explain the attitude towards ageing http://bit.ly/bgrj3B
6:53 AM by 20plus30
Heading up to Hershey to see @johncmayer w/the boy for his birthday. He brought his guitar "just in case" :)
4:42 PM by davidweigelt
Jonathan, Joe and Dave traveled to Peosta, Iowa today. They'll be spending the next three days immersing... http://fb.me/ABdFfCpR
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