What is the importance of Marketing for companies in the automotive aftermarket?

Trends

  • June 5, 2023
  • 18 MIN of Reading


  • TIPS Talks with André Zeferino | Consultant and Trainer in Marketing Strategy

    André Zeferino is our next guest in this section for a very timely conversation about the impact of marketing management on the automotive aftermarket business: What is the importance of developing a marketing strategy? What challenges can be leveraged in this way? How has technology become an essential tool in business management? What practices should be followed?

    What is the importance of Marketing for companies in the automotive aftermarket?

    But first, come and meet André

    But first, come and meet André


    André Zeferino is graduated in Management and specialized in Marketing, currently working as a consultant and trainer, collaborating with various companies in different business areas. He is also a professor in the academic field in executive education, and has published several books in the marketing area, including the most recent co-authored book titled "Marketing Futureland – Anticipation and response to the future of marketing."

    See Interview TipsTalk


    1.What trends are shaping the coming times in the business world?

    First of all, the enormous importance of anticipation: essentially new capabilities in the form of anticipating factors that impact the functioning of our market, and that lead us to be more attentive to what is happening around our business, so that we can act increasingly in a proactive and less reactive practice, avoiding losing opportunities (to the competition, for example) that would be crucial to maintain or grow the future of the company.

    Secondly, the power of technology that allows us to accelerate what we do well, from a competitiveness perspective, but it also has the flip side, in making many businesses obsolete more quickly.



    2. Being technology today an indispensable tool for marketing, what concrete benefits does it bring to companies?

    Technology is an accelerator of innovation and process improvement, making business operations more efficient, something that if not done internally, most likely those competing with our company will do.

    At the same level of transformation, technology is today an instrument of value creation in what distinguishes our business in the market. Combining technology – taking digitalization as an example – with many ongoing practices will allow us to identify improvements and create new solutions that enhance what we are offering to our customers, whether in service development, commercial relationships, or collaboration with all our partners and suppliers.

    People have come to have a central role in the organization, where increasing efforts are made to humanize the management process as well as the organizations themselves.



    3.Considering that most companies in the aftermarket are small and without a permanent marketing function, what marketing strategies can be implemented in this context?

    These companies must focus very strictly on their market, no matter how small it may be, and look not only at communication and advertising – marketing is much more than this aspect – but at what my business offers in terms of differentiation:

    • Who are my clients?

    • Who are my competitors?

    • What aspects can alter my market and transform what I consider I am doing well?

    • Basically look at where my business is centered.

    Those who do this exercise with a vision aligned with their business are thinking strategically and are in a position to consider the next steps in the operation and future developments.

    The size of the company is not the main obstacle in this dynamic, but the will, ambition, and mindset of professionals, managers, or directors in wanting to make a difference and achieve something more through their businesses, fostering a thought oriented to the whole reality.



    4. Looking at the diversity of technologies today at the service of marketing, it is equally important to know how to use the tools in the best way?

    The most relevant thing is to understand where we are in our business and, with that, realize what our technological needs are. This is the rationale, because only by evaluating the weak points and determining from this baseline where we can improve or increase our offer, will it make sense to go to the market to select this or that tool to "connect" to our business.



    5. Which marketink best practices can be adopted by automotive aftersales companies?

    First of all (and reinforcing an earlier point), know who our customers are. Segmentation is key.
    Understand also who our competitors are. If we are not continuously thinking about a differentiating proposal and continue to provide exactly the same service as the “company across the street,” probably in the very short term, either this company or ours will be redundant, because the market will always prefer the most convenient service, translated into an attribute that stands out from other offers.



    6. At the level of knowledge production, to what extent does thereportingis also a factor of importance in business information?

    Thereportingin marketing it is a crucial photograph to assess "where we are and where we are going". This photograph allows us to do what we mentioned at the beginning: anticipate strategies and concrete actions about our business, taking into account what is happening in our market and its surroundings. Today it is possible to create knowledge at a more recurring cadence and on a very granular and detailed level about different aspects of the company.



    7.Why should companies invest in marketing and what return exists in its allocation to business dynamics?

    Because this area is perhaps, within the business environment, the one that channels the most technology into companies, this instrument has become fundamental for evaluating and understanding the market within the strategic purpose we mentioned. And therefore, all of this represents and feeds a permanent mindset of innovation and value creation, which must exist in companies that want to anticipate trends and position themselves in the best possible way in the face of future opportunities.

    In turn, the marketing effort is measured through its contribution to the business, introducing new ideas for creating products and services (locally or in other geographies); new practices for attracting and acquiring customers; more effective means of distribution and commercial relations, making a difference in sales cycles and in determining their profitability.



    8.Should marketing be transversal to all people in the organization?

    Yes, because if it is focused, from a strategic point of view, only on one person, there is a greater effort in the transfer of knowledge and marketing ideas that can enhance new business opportunities.

    Having an integration and alignment of this vision, and above all this mindset, we will have the whole company "looking in the same direction" in a collaborative effort to think and do marketing, even in more central or traditional functions, in the relationship with suppliers, etc.

    The traditional practice of "isolating" marketing in one person or "departmentalizing" its function, nowadays results in a considerable loss of resources and joint dynamics, precisely because of the capabilities and competencies that this area has gained in its evolution.



    IN SUMMARY
    It was clear that, regardless of the size of the company, the importance of a marketing strategy and its application, finding formats that are the most appropriate – in the company's positioning and its differentiation – will allow the business to gain value, bringing not only the expected results but also reaching new opportunities through the anticipation of trends and future practices.

    What is the importance of Marketing for companies in the automotive aftermarket?

    Other Articles

    5 events you cannot miss in 2024 on the automotive aftermarket

    Trends

    5 events you cannot miss in 2024 on the automotive aftermarket

    After the "rentrée" season, idon´t miss several events usually take place in the aftermarket sector that inspire, update trends, also create valuable networking opportunities among...

    9 MIN

    Automechanika 2024, news and trends!

    Trends

    Automechanika 2024, news and trends!

    The intense rythm of technological innovation in recent years has created enormous expectations for this 2024 edition of Automechanika. Check all the tips if this is your first visit.

    7 MIN

    Tips4y anticipates the trends for the aftermarket in 2024

    Trends

    Tips4y anticipates the trends for the aftermarket in 2024

    In an industry in transformation due to technological changes, habit shifts, and the European regulatory framework, it is critical to know how to interpret the signs and trends.

    8 MIN

    What is the impact of Artificial Intelligence on the aftermarket automotive?

    Trends

    What is the impact of Artificial Intelligence on the aftermarket automotive?

    As a company strongly oriented towards technological innovation, Tips4y has always followed the evolution of AI, to the point of incorporating it into its solutions.

    6 MIN

    Tips4y and TecAlliance are shaping the future of automotive mobility.

    Trends

    Tips4y and TecAlliance are shaping the future of automotive mobility.

    In the context of their strategic partnership in Portugal, they met at the beginning of the year with a very particular focus on the future of automotive mobility.

    7 MIN

    Profitability and Digitization: trends and challenges of the auto workshop business in Spain

    Trends

    Profitability and Digitization: trends and challenges of the auto workshop business in Spain

    The Spanish aftermarket is regularly monitored by Tips4y to analyze its main trends and future challenges.

    9 MIN

    Personal and professional development, successful practices

    Trends

    Personal and professional development, successful practices

    Artur Moura Queirós is our next guest on the #tipstalk section to understand what a personal and professional development plan is.

    20 MIN

    What changed in the strategic management of the aftermarket business model?

    Trends

    What changed in the strategic management of the aftermarket business model?

    Dário Afonso, Managing Director of AutoCoach Management, was the guest of the 2nd episode of TipsTalk. Discover the major future challenges in the aftermarket business.

    10 MIN

    Prepare your workshop for 2023 through 5 key factors

    Trends

    Prepare your workshop for 2023 through 5 key factors

    Prepare your workshop for 2023 through 5 key questions: image, customer communication, technical knowledge, productivity increase, installed equipment.

    11 MIN

    5 Trends for the Automotive Aftermarket in 2023

    Trends

    5 Trends for the Automotive Aftermarket in 2023

    We identified 5 trends for 2023: digitalization Services, electrification of mobility, increase in used car sales, consolidation of the Sector, new Business Models.

    14 MIN

    Let's give a voice to influencers who inspire the future of the automotive aftermarket

    Trends

    Let's give a voice to influencers who inspire the future of the automotive aftermarket

    Tips4y will launch a new section in its TIPS TALK videos and will soon invite various professionals from different fields who inspire us with their innovation.

    8 MIN

    5 strategic factors to optimize your business in the current context

    Trends

    5 strategic factors to optimize your business in the current context

    Facing constant challenges and "headaches," we highlight 5 strategic factors for companies in the automotive aftermarket to optimize their business.

    11 MIN

    Digitization of the aftermarket in the Spanish market increases workshop sales by 20%

    Trends

    Digitization of the aftermarket in the Spanish market increases workshop sales by 20%

    The 5 main associations that represent workshops in the Spanish market met to analyze the impact of digital transformation for the workshop of the future.

    11 MIN

    Good digital practices for workshops and auto parts stores in 2022

    Trends

    Good digital practices for workshops and auto parts stores in 2022

    Digitalization is one of the trends in the auto aftermarket. It will drive the ability to change in the adoption of new practices and the constant acceleration of innovation.

    13 MIN

    What changed in people management? The challenges of a new era.

    Trends

    What changed in people management? The challenges of a new era.

    Jorge Cancella de Abreu is our guest to talk to us about people management, talent management, and organizational culture. What challenges we are experiencing.

    12 MIN

    Auto Delta, a successful partnership with TecDoc and Tips4y

    Trends

    Auto Delta, a successful partnership with TecDoc and Tips4y

    Interview with Marcelo Silva - Chief Operations Officer at Auto Delta about the industry, e-commerce challenges, and the benefits of collaboration with TecDoc.

    14 MIN

    Impact of accident rate and technology on the auto repair business

    Trends

    Impact of accident rate and technology on the auto repair business

    The reduction in automobile accidents, which the pandemic accentuated, is joined by a whole set of new safety technologies. How does the repair business adapt?

    9 MIN

    Main trends in the aftermarket for 2021

    Trends

    Main trends in the aftermarket for 2021

    The year 2020 will mark the world. See 6 trends that may influence valuable decision-making in the aftermarket business in 2021.

    10 MIN

    4 Tips to attract customers to the workshop

    Trends

    4 Tips to attract customers to the workshop

    Practical suggestions in the digital marketing field that in the current pandemic context are particularly important, attracting and retaining customers.

    13 MIN

    Covid-19: The importance of digitising automotive aftersales

    Trends

    Covid-19: The importance of digitising automotive aftersales

    The aftermarket is in constant mutation and faces crucial challenges in business differentiation. Learn about the importance of embracing digitalization

    7 MIN

    The 5G technology applied to automotive mobility

    Trends

    The 5G technology applied to automotive mobility

    Vehicles communicating with each other and interpreting information from the surrounding environment is already a reality. Discover the advantages of implementing 5G technology.

    9 MIN

    The challenges that new forms of mobility are placing on rent a car

    Trends

    The challenges that new forms of mobility are placing on rent a car

    The car rental services were forced to evolve to keep up with new mobility trends. Learn about the challenges faced by these companies.

    9 MIN

    The potential of China in the electric car market

    Trends

    The potential of China in the electric car market

    China is dominating the electric car market. Learn about the key factors of this leadership in the world's largest automotive market.

    11 MIN