Toyota brand positioning:
TOYOTA
“Moving Forward”
Toyota’s uses both differentiation and low cost as generic
strategies to try and gain a competitive advantage over their competitors in
the automotive industry. The market
scope that Toyota uses is a broad one that encompasses nearly every type of
customer that is in the market to purchase an automobile. Toyota is able to target such a large market
because they have something for everyone.
Toyota provides vehicles for all price ranges. From the low price
Toyota Corolla line of cars to the high priced luxury line of cars and SUVs
with Lexus, Toyota has something for everyone.
Toyota’s current grand positions are product development and
offensive/strategies for industry leaders.
Product development is very important for Toyota due to the fact that
they must come out with new fresh ideas every year in the automotive industry.
As per Toyota ‘s success depends on their good quality
detailing and ideas which is mostly out of the box. There most of the successful cars have different taglines. Such as,
GT 86 (TRD special
edition)- “grab the steering feel the excitement”
Toyota Avanza- “smart in style”
The Toyota product
development system is known as Lean Manufacturing.Toyota differentiates on several
levels form their competitors. First of
all, Toyota has been very successful in differentiating on the basis of
superior design and quality. This has
led to Toyota being able to create a brand image that is very strong and one
that brings to mind quality, long lasting cars when a potential customer sees
it. Along with differentiation Toyota
also uses low cost to try and gain a competitive advantage in the automotive
industry. “Toyota is (or was at the time) the low cost producer in the
industry. Toyota achieves its cost leadership strategy by adopting lean
production, careful choice and control of suppliers, efficient distribution,
and low servicing costs from a quality product.
POP’s -
· Eco-
Friendly vehicles
· Reliability
· Innovative
· Efficiency
POD’s-
· Affordable
· Easy maintenance
Toyota is so much popular for its affordability and easy maintenance cost. As Toyota said
before “Toyota is for everyone” which apparently means that any income level
person can afford Toyota. Toyota’s production line manufactures almost all sort
of vehicle starting from commercial, suv’s, sedans, 4WD, compact family sedans
etc.
As per the following commercial Toyota was able to
define the friendship through a car.
Music Band “One Direction” telling the meaning of friendship where its
Music Band “One Direction” telling the meaning of friendship where its
“All about freedom”
“All about Trust”
“All about protection”
“All about happiness”
“All about protection”
“All about happiness”
“All about saving”
“All about Sharing”
“All about comfort”
All these terms defines friendship where Toyota VIOS
was meant to be a good friend who will always provide these services keeping
friendship in mind.
Recommendation :
As we already know that Toyota is a successful brand
and renowned through out the world still they lack something which would be a
recommendation ,
·
Concentrate on Hybrid energy
·
More compact size vehicle
Reference:
https://www.academia.edu/8833178/MARKETING_MANAGEMENT_BRAND_STRATEGY_AND_BRAND_COMMUNICATION
http://www.studymode.com/subjects/toyota-positioning-statement-page1.html
Reference:
https://www.academia.edu/8833178/MARKETING_MANAGEMENT_BRAND_STRATEGY_AND_BRAND_COMMUNICATION
http://www.studymode.com/subjects/toyota-positioning-statement-page1.html