Marketing Manna
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Catch me if you can
Thu, Jun 04, 2020
Since its inception, Avis has trailed behind Hertz in the rental car business.
Tired of always being the second-best brand in the industry, Avis revved up its marketing engine.
In 1962, Avis launched a brand-new campaign with this slogan – “When you’re number 2, you try harder.”
The market cheered for the underdog and pushed Avis into high gear.
Within a year, Avis accelerated its profits – going from -$3.2 million to +$1.2 million – for the first time in more than a decade.
From 1963 to 1966, as Hertz ignored the Avis campaign, the market-share percentage gap between the two brands shrank from 61-29 to 49-36.
The tagline “We try harder” was an instant hit, indeed.
But now COVID-19 has just run over Hertz, forcing the long-time industry leader to file for bankruptcy.
So what will Avis do now? Not try harder?
It’s time for a new campaign or a new champion!
Even if you are on the right track, you’ll get run over if you just sit there.
Takeaway
- Is your brand identity connected to or positioned against your competitors?
- Is your brand identity future-proof?