SWOT
Furthermore, to effectively establish an effective marketing strategy Nighthawk Motors must establish a SWOT analysis to root out the strengths, weaknesses, opportunities, and threats observed by the company.
Strengths
As mentioned previously the Nighthawk Motors’ Ecostar offers an HPEV, with a 1.8L 4-cylinder engine that produces 60 MPG city and 55 MPG highway with a range of 500 miles. Its main strength compared to the direct competition is that it is $3000 less than the comparable competition’s models. Moreover, Nighthawk Motors has been able to eliminate the pitfalls and issues with the early year hybrids as the Ecostar is the first-generation PHEV that Nighthawk Motors has developed. This latter release allows the Ecostar to sidestep any preconceived notions by customers from past model releases.
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This will be a positive marketing point to U.S. buyers who will at times purchase American made vehicles over foreign vehicles. Finally, as charging points continue to hinder the electric only vehicles the HPEV market is still growing as it allows the owners peace of mind that they will not run out of fuel.
Weaknesses
The first weakness that can be seen of the Nighthawk Motors’ Ecostar is that since the company has not built, marketed, and sold a plug-in hybrid vehicle before, it will be a new venture that will have considerable startup expenses to ensure success. Additionally, as Nighthawk Motors are new the HPEV market, it will experience considerable competition from a market that already has several other HPEV options. Moreover, in addition to constructing a new vehicle, Nighthawk Motors will have to also construct or add on to its current facility to be able to manufacture the added vehicle line.
Marketing plan is always based on information regarding product, customers, market and competitors. The best way to analyze all this information is through a SWOT analysis. SWOT stand for strengths, weaknesses, opportunities and threats. This analysis takes into account both internal and external factors, internals being strengths and weakness, and external being opportunities and threats (Kotler & Keller, 2009).
After this the purchasing decision is derived from Vehicle price, concern’s about travel range, and the size of the car, specifically relating to trunk space. These are all product factors that can only be changed over time as perception of the electric car product is shaped in the consumers mind through a multitude of marketing tactics, something that a small scale dealer like Sanger will never truly have a major influence on. These factors can only go two ways, one is the negative perception of the electric plug-in remains constant as consumers fail to see the benefits of the new product type and the market continues to rely on gas powered vehicles, or consumers view the perceived value of the electric cars as being more beneficial both economically and environmentally. The ladder
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The SWOT analysis is a great way for companies or organizations to determine their brand and product’s strengths, weaknesses, opportunities, and threats. In order to more effectively determine these areas, separation of internal and external issues within the company or association is crucial.
SWOT Analysis SWOT Analysis is a very effective way of identifying your Strengths and Weaknesses, and of examining the Opportunities and Threats you face. Carrying out an analysis using the SWOT framework helps to focus activities into areas where the business are strong and where the greatest opportunities lie. Strengths: * What advantages do you have?
Opportunity: The electric automotive industry and Tesla should decrease both the costs of its batteries and in renewable energy to attract more purchasing customers.
In this article “Why the Gasoline Engine Isn’t Going Away Any Time Soon,” Joseph B. White states that alternative energy cars could be the start of a revolution in the automaker world, however, complications interfere with the outcome. Although the author suggests different ideas on alternative vehicles, he contradicts himself numerous times while also lacking credibility of any sources.
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The purpose for this research report is so that students can familiarize themselves with hybrid electric vehicles and their features that make them unique in contrast to other vehicles. This report will educate the reader on the “BMW i8’s” vital components such as the engine, battery, and other elements related to electric vehicles. To put into perspective the significant advantage hybrid electric vehicles have over vehicles
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This report shows a comparison between hydrogen fuel cell plug-in hybrid vehicles (FCHEV) and battery (BEV) and hydrogen fuel cell (FCEV) electric vehicles. Comparing infrastructure and technology requirements along with the lifecycle cost of the drivetrain (the main components that generate power and deliver it to the road surface) over 100k miles taking fuel costs and capital costs into consideration.