|
Ferrari Marketing Strategy.
Ferrari is a myth and a legend in the automotive
industry.
The Ferrari tale is one of an astounding and
unique worldwide success.
An unparalleled one.
Ferrari success cannot be measured in terms
of revenues and sales, or in terms of market
capitalization. Ferrari never made an IPO ans
is not even quoted in any stock exchange market.
Ferrari success has to be measured only in terms
of Brand Value and Product Value.
Probably the Ferrari brand is worth more than
the Google brand, the Apple brand, Nike, GE,
IBM, BMW, Mercedes, Exxon, Shell, or any other
brand.
No other brand has the allure of the Ferrari
Brand.
Ferrari is known and is highly valued everywhere
in the world. From the US to Japan, from Germany
and Switzerland to India, to France, Australia,
New Zealand, Russia, Brazil and Argentina.
Yet, Ferrari never spent a penny in communications
or in advertisement.
Ferrari Achievement.
The Ferrari case is of maximum interest in marketing
strategy. To understand how Ferrari achieved
this stunning result, we must review the beginning
of Ferrari, and its development.
Enzo Ferrari founded Ferrari back in 1943, during
WW II. The first Ferrari premises were bombarded
and heavily damaged.
Enzo Ferrari was not an Engineer, nor he was
an enterpreneur. Enzo Ferrari never went to
college, not even high school, no PhD, never
made and MBA.
Enzo Ferrari was "just" a mechanic
at Alfa Romeo, with a strong passion for engines,
speed and racing. He was a tough guy, and he
had his own ideas on engines and cars.
Passion has always been the "drive"
of Ferrari.
And its only marketing tool.
Ferrari Passion.
The first Ferrari car was the 125 S. It was
built in1947. Only 3 of them were produced.
None survived to our days, yet a 125 S engine
is on display in Galleria Ferrari in Maranello,
Ferrari dynamic museum. Galleria Ferrari is
the Louvre, the Guggenheim, the Moma of Car
Racing. You feel an overwhelming excitement
and admiration when you are inside. A unique,
amazing experience.
After the 125 S, the Ferrari 166 came, and the
races. Formula 1 was not even existing at that
time.
Since the beginning Ferrari was doing both things
it still does today: Car Racing and constructing
extraordinary sports cars for exacting car and
speed lovers. How can you call them just clients?
This has been the marketing strategy of Ferrari.
The unaware, unstudied, unplanned marketing
strategy of Ferrari. The Passion for speed,
the Passion for engines, the Passion for Car
Racing. And this Passion and excitement goes
through to every racing sport lover all around
the world.
And this Passion and excitement goes through
in each Ferrari 360 Modena, in each Ferrari
Enzo, in each 575 Maranello, in each F430 you
drive or simply encounter in your streets. Winning
races, losing races, fiercely fighting in car
racing has built the brand.
Insight on Ferrari
Distribution and Ferrari main geographical
markets.
|