Category: Featured News

A recent study has revealed that 70 percent of car shoppers using YouTube are influenced by what they see.

A new report has now been issued that provides insight into trends with regards to mobile marketing and video advertising and the impact this is having on the decisions being made by car buyers.

The report is based on YouTube data, Google search data and results from the 2015 Google/TSN Auto Shopper Study.

It also included the data produced as a result of a Milward Brown Digital commissioned study conducted by Google based on the auto shopping consumer sales funnel. Overall, this revealed that digital and mobile marketing played a considerable role in influencing the decisions made by car buyers as 70 percent of people who use YouTube had been influenced by video content when they made their auto purchasing choices.

The report provided a number of important pieces of insight into online and mobile marketing trends in car buying.

Among the highlights of the report were the following:

• 70 percent of people who use YouTube in the vehicle purchasing process said that the video content they saw had an impact on the choices they decided to make.
• The average car buyer made only two visits to dealerships before making their decision.
• 60 percent of vehicle buyers start the shopping process without knowing which car they actually intended to buy.
• Mobile searches taking place from within the actual dealership lots had risen by 46 percent over the 12 months prior to the study.

Though this data aligned with the predictions that have been made within the auto industry with regards to the influence of mobile advertising, search and video content, it is interesting to see the speed at which consumers are adopting digital methods of informing themselves and are reducing the number of visits they are actually making to a dealership before deciding on the vehicle and purchasing method they intend to use.

What is now being found is that many of the most important influences on consumers come from micro moments when mobile marketing has the greatest influence. It is at those moments that shoppers take out their mobile devices in order to learn an additional piece of information instead of going to a salesperson directly.

The fashion design house has only just recently launched its first wearables and is now jumping in faster.

Despite the fact that Misfit remains a startup that has been around for only four years, its successes in wearable technology have caught considerable attention from the industry, to the point that it is now being bought out by the fashion giant, Fossil Group.

Among Misfit’s most popular wearables have been the Shine, Shine 2, link, Flash Link and EKOCYCLE Field Band.

Misfit’s wearable technology has been focused in the highly successful fitness category. It was founded by veterans of the industry such as Sonny Vu, AgaMatrix’s Sridhar Iyengar, a well as the former CEO of both Pepsi and Apple, John Sculley. It has managed to carve such a significant name for itself in this already competitive industry that Fossil Group has been watching it and has now decided to buy it.

The purchase of Misfit will set Fossil up to make some much more sizeable steps into wearable technology.

Recently, Fossil launched the Q Founder based on Android Wear, which was its first ever smartwatch. That said, a partnership with Misfit will make it possible for future wearables from the designer to be able to offer a broader spectrum of different features that consumers may find to be appealing and useful.

Misfit has been a wearables innovator, making it possible for it to help Fossil to place itself into a more important position within the wearable tech industry as a whole. This is particularly important as Chinese devices makers are now aligning themselves to start to release alternatives to the current options, which will likely appear at a lower price point. Large companies and watchmakers such as Fossil, that are hoping to make and hold an important position in the industry will need to ensure that their products are both stylish and that they will stand apart from the rest of the offerings.

Misfit will bring a number of wearable technology advantages to Fossil, including a spectrum of products, its own devices, its hardware and software engineering team, and a scalable cloud and app platform.