SWOT Analysis of Mitsubishi Lancer with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis
Own the road
Affordable premium sporty sedan
People who want to drive an affordable luxury car
Young executives from the upper-middle income bracket
For people who will own the road when they drive the Lancer
1. Between its introduction in 1973 and 2008, over six million Lancers had been sold 2.Lancer has been known as the Colt, Dodge/Plymouth Colt, Chrysler Valiant, Chrysler Lancer, Eagle Summit, Hindustan Lancer, Soueast Lioncel, Carisma, and Mirage in various countries at different times 3.One of the most popular car brands in the world, especially Asia, Europe and Australia 4.Excellent brand visibility and good servicing 5.Sporty looks popular with people who want car-modifications
1.Distribtution is lesser as compared to other popular competing brands 2. Controversy over clutches, Gearbox , Transmission impacted brand
1.Fast growing automobile market
2.Increasing purchasing power parity
3.Use the strong global brand presence 4.Need to work on bringing hybrid and eco-friendly models
2.Government regulations and increasing fuel prices
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