Ford Rewards Existing Customers
I’ve long noticed ads on TV chock full of introductory offers. New customers are sexy. Old customers, not so much. As a non-new customer with many companies I often feel a twinge seeing the attention they lavish on people who aren’t paying them any money, while I, their loyal customer, get no love. This is why I was so surprised to see a Ford TV ad offering existing Ford customers an extra $1000 off a new truck.
There is a culture around the ownership of big trucks (Chevy, Dodge, Ford, etc.) that I’m not well-versed in but I know enough to know that among many of the most hardcore customers there’s huge brand loyalty. Check out the hundreds of thousands of posts in the Full Size Chevy Forum if you have your doubts.
I wonder how this dynamic will work for Ford? I wonder what led them to this strategy as well… forward thinking? bleeding customers to other brands?
I think more brands should try to show their loyal customer bases some love instead of treating them like a cash cow to be milked. I bet if a bunch of those customer acquisition dollars were spent on customer retention, then more new customers would want to get in the club anyway. Thinking that you should lavish love on a customer to get them in the door and then take them for everything you can is a pretty short-term way of thinking anyway.
I hope Ford does well with this.
Join the discussion 3 Comments
Adam Davis
September 17, 2007 at 11:12 am
Here in southeast Michigan (and likely throughout the midwest) there always seems to be some deal for “existing [Ford,GM,etc] owners”. I didn’t realize that it was so rare outside the auto industry area that it was notable…
-Adam
Hillel
September 17, 2007 at 2:01 pm
Could be I’m just oblivious and this has been the case for years. It’s just a very different dynamic than wireless carriers for example.
Coalsmith
September 18, 2007 at 8:51 am
Newsweek article on new Ford CEO says he’s not intimidated by the family ‘mystique’, gets along well with grandson Ford (former CEO) and has posted second quarter dividend this year after sales dip in SUVs last year.
I like the ‘feel’ of their new TV ads, swaping cars with owners of other brands to let them experience a Ford. The comments about the Fords seem honest and from the heart, not just sales blather.
I’ve been a Ford man for years and wish them well with new marketing ideas.