Preview

Basic Concepts of Integrating Internet Into Car Buying Activity Of Consumers

Good Essays
Open Document
Open Document
1171 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Basic Concepts of Integrating Internet Into Car Buying Activity Of Consumers
Informational Report
On
Basic Concepts of Integrating Internet Into Car Buying Activity Of Consumers

Report submitted for the requirement of the course “Managerial Communication”, I Semester,
Academic Session 2014-2015

Submitted By
Mr. Sankalp Bhagat (A05)

Amrut Mody School Of Management
Ahmedabad University
Ahmedabad, Gujarat

Acknowledgement

I would like to our express sincere gratitude towards Miss Tina Jobanputra, Faculty of Managerial Communication, Amrut Mody School of Management for making us understand the subject well.

Table of Contents

Executive Summary
1 Introduction
1.1 Purpose
1.2 Scope
1.3 Method
1.4 Assumption
1.5 Limitation
1.6 Background
2 Findings
2.1 Traditional Method
2.2 Car dealership’s Internet Department
3 Discussions
3.1 Comparison
3.2 Third party affiliates for financing purpose
3.3 Ease in busy world
3.4 Risk curtailment
3.5 Secure Financing
4 Conclusions
5 Recommendations and Implementation

Executive Summary
The objective of this report is to introduce consumers to use internet into their car buying activities. Report contains analysis of three websites and the comparison is done taken geographical location India. Scope of the report is also limited to “New Cars” category.
Analysis is done on the parameters mostly used by buyers like price, mileage, specifications, rating and reviews dealers. Also, it is commented that other useful information like maintenance cost, parts availability, depreciation rate, insurance costs, etc, should also be take care.
To sum up, car buying through internet can be efficient and easy to compare from the bundle of products available in the market. Customers should not rely on one website only, as some data may be erroneous sometimes and also that they can get views of good number of car owners.

1 Introduction
1.1 Purpose
The objective of this report is to introduce car consumers to the basic concepts of buying the care online and educating about

You May Also Find These Documents Helpful

  • Better Essays

    When considering the purchase of a new vehicle, it is important that a buyer look at other factors which may shift the demand curve. Factors that may shift the demand curve will include: the cost of related goods, style, expectations, income, and the number of buyers. The cost of related goods, meaning a new vehicle,…

    • 1284 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Mr. Sun

    • 2889 Words
    • 12 Pages

    Kathuria,L.M., Singla,V.,(2012) Purchase of Pre-Owned Small Cars in India: An Exploratory Study, The IUP Journal of Marketing Management…

    • 2889 Words
    • 12 Pages
    Better Essays
  • Good Essays

    Gilb Essay

    • 541 Words
    • 3 Pages

    The advancement of the technology and the rapid raise of the social media have revolutionized the life-style. The boom of E-commerce has taken the whole World by the storm, and as a result people all over the globe are entertaining the idea of the online shopping. With the internet reaching at the every door step, the trend of the online shopping will only increase. As the conventional shopping is the timing consuming task and requires whole lot of effort, people are more open to buying on the web. With the blessing of the internet, consumer can avoid all sort of the trouble and buy just on the click of the button.…

    • 541 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    XCOM 285 – Essentials Of Managerial Communication – Complete Class Includes All DQs, Individual and Team Assignments – UOP Latest…

    • 1785 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Autobytel.Com Case Study

    • 1271 Words
    • 6 Pages

    In order for Autobytel.com to turn their current offering into positive earnings, there are many thing that need to be looked at create more added value proposition to both of their customers, the automobile buyer and seller. For the automobile buyer, besides getting a great deal on an automobile what separate Autobytel.com from the other online referral companies are the additional services they provide in the buying process. And the key selling feature of Autobytel.com to the dealership is that of exclusive rights to a territory. Though both of these propositions add value to the customers, neither has been truly leveraged to produce the greatest revenue possible. So by focusing on what each customer group is really…

    • 1271 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Wise Car Buying Process

    • 1138 Words
    • 5 Pages

    Buying a car is one of the most important decisions a consumer will make. Consumers will often feel overwhelmed when going through the car buying process. Being educated on the process is arguably the most important factor of getting the biggest bang for your buck. Car salesman are not looking out for the consumer. Their only objective is make the most money off you as possible. When car buying the consumer needs to remember three wise tips. Be educated on the haggling process, know which buying process is the best for you, and determine if there is an actual need to purchase the car.…

    • 1138 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Buying a Car

    • 615 Words
    • 2 Pages

    There are many things to consider when purchasing a brand new vehicle. These things include the model of the car, the features that come with the vehicle, and most importantly the price. While searching for a new car I learned that there are many options to choose from depending on the various price ranges, there are several different payment options available for car buyers, and also the Internet serves as a helpful tool when trying to compare vehicles.…

    • 615 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Buying A Car Analysis

    • 507 Words
    • 3 Pages

    There are several things involved when buying a car. You would like to have a car you can enjoy and have for a long time. Even if it is not exactly what you want it the quality that counts. There is no reason to have a car and want to sell it in a couple of months. There are three steps in buying a car which are searching, driving, and purchasing.…

    • 507 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Buying and selling cars is a very easy task now with the developed websites for car sales when compared to earlier days where people use to wait for newspaper and direct shop sales. In Australia lot of people prefer to buy or sell their cars in car sales websites.…

    • 1852 Words
    • 7 Pages
    Best Essays
  • Good Essays

    How to Buy a Car

    • 364 Words
    • 1 Page

    Car buying is a very big decision. A lot of thought goes into the purchase of a car. First, buying a car is not an easy decision. Next, the car has to be within the needs of the buyer. Consequently, there are a few things to think about when buying a car. These things are size of the car, financing, and warranties.…

    • 364 Words
    • 1 Page
    Good Essays
  • Good Essays

    Buying a Car

    • 774 Words
    • 2 Pages

    Buying a car consists of a great deal of searching, researching and decision-making. Car hunting can be simple if the shopper is knowledgeable about certain factors required to make a smart decision. There are so many car models available these days that buying a car is almost like buying candy from a store. A car purchase is a large investment of time and money, and therefore, should not be taken lightly. You have to think about whether you should buy a new car or a used car. By choosing a used car instead of a new, you can save money. A new car devaluates fast, especially in the first few years. By following some simple steps and doing a little research, buying a car can be an effortless and sometimes an even fun project.…

    • 774 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Unhaggle Inc Case Study

    • 4279 Words
    • 18 Pages

    established in 2011 is first Canadian company makes it living by offering customers best auto price through internet. The company gathers more than 400 auto dealers around the big cities in Canada and put them into its online platform to serve customers with most valuable car deals. In order to expand its business and keep competitive in the market for the next year, the co-founder of Unhaggle Inc. wants to apply a strategy to make its dealers’ network more exclusively by limiting the amount of auto dealers and filter ones with good reputation and best price offering. But it may lead the company into a complex and high risky situation where they possibly end in losing both dealers and customers. To avoid this bad consequence, three strategic alternatives are developed. Strategic alternatives I targets Millennials and Generation X market by offering discounts on consulting fees when joining membership and make customers follow news and sales of Unhaggle.com. Strategic alternative II helps Baby Boomers in quick searching and provides them with choice options such as “safety and easy-handle car” that are more likely meeting their requirements. Strategic Alternatives III: Cooperate with Insurance Company Strategy- are highlight as recommendation in this market plans since it can attract more investment funds and best for company’s future developments. Implementation is brief analyzed in 5P’s: place, price, product, promotions and process which strictly lined by time. In the short term, company organizes team and starts doing research and estimating budgets. During the mid-term, team represents Unhaggle Inc. sign contract with insurance companies and confirm the partnerships. In the long run, company considers expanding markets or creating new…

    • 4279 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    Nowadays two wheelers become very important thing which is very convenient vehicle in highly traffic cities like Chennai. So many leading companies are there in this field like tvs, bajaj, yamaha, and etc, but Hero Honda / Hero moto corp is one of the most successful enterprise for past 25 years. The study describes how this concern is differing from other providers and why people go for it. Also it brings the various statistic results on the buying ratio.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The aim of this document is to gather and analyze and give an in-depth insight of the complete Online Vehicle Showroom by defining the problem statement in detail. The detailed requirements of the Online Vehicle Showroom are provided in this document.…

    • 1194 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    I also extend my sincere gratitude to Prof. Balakrishnan Menon, DC School of Management and Technology, Pullikkanam P.O, Vagamon whose…

    • 10057 Words
    • 41 Pages
    Powerful Essays