Big Auto Puts Brakes On Big Campaigns
Oct 20, 2008, 12:00 PM
In a tense economic climate, automakers have cut their ad budgets. Brandweek reports that traditional $50 million marketing campaigns are less popular than non-traditional launches--be it online efforts or experiential events. This month, J.D. Power estimated that industry sales would drop 16% in 2008. eMarketer, New York predicted in a recent study that online ad spend among U.S. car companies would increase from $2.5 billion in 2007 to $5.6 billion in 2012.