Interviews: https://soundcloud.com/zach-schaeffer/sets/buyer-behavior-2
Entering the market for automobiles can be can a dangerous venture. The automobile industry holds a lot of competition from luxury cars to hybrids to cheaper alternatives. However, a vast majority of these cars, excluding Teslas or other charging electric cars, require gasoline to run. My car can stand out from its competitors by running on its own generators rather than gasoline. This not only be a huge financial benefit, but will also drastically reduce carbon emissions from drivers. This unique vehicle would certainly draw attention, which can be an incentive or a deterrent, depending on the consumer. All of these qualities would determine the likely hood of someone purchasing and InfiniCar over another product.
Because this car is unique and likely expensive, people would generally request a hands on demonstration before making the decision to purchase. This would make a dealership the logical way to conduct business. This would allow people to experience and test the vehicle before pulling the trigger. Because a car is a major financial commitment, it is possible that people would look to banks or outside lenders to finance their purchase.
If a buyer decides to purchase an Infinicar they will likely be satisfied when they begin to see their gasoline savings accumulate. While there is much concern about the cars dependence on weather, stable long term performance would convince a consumer that they made the right choice. Lastly, a smart buyer would evaluate the cars performance over time. They would decide weather dust and dirt affect the solar panel significantly and whether the windmill begins to build resistance.
Hi Zach,
ReplyDeleteYou're right about your car being very unique and most likely, really expensive. Yes, people can go to outside lenders to help finance the car, but are most people really going to do that? You have a brand new Prius that runs 50 miles per gallon and can cost you $250 a month. Why would a person pay double or triple that to get the Infinicar? I feel like your car idea is fantastic and something I would love, but it would need more features or special details that make the car worth it.
Zach,
ReplyDeleteI love this car idea because I'm a huge tree-hugger. I try to buy local and do things that benefit the environment. However, I'm just one person, and it takes a lot of people to make an impact. I agree with Erika that this venture has the potential to be very expensive. So, if the main benefit is the environment, it would have to involve a large audience to be impactual. I encourage you to continue this project, as it is a really great idea! However, hopefully it won't be as pricey as it seems.
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ReplyDeleteAs a college student with a car, it would be great to own a vehicle that doesn’t run solely on gas (will surely save me some more money). Although, I do want to say that as economic as it sounds to have it run on a generator, I am curious as to what will power the generator. Will it be only solar-powered or could there be another renewable energy resource in the future? Also, how much of a long-term are you thinking? Personally, I believe that style could another thing that could affect someone’s purchasing desire towards the product. How would it look? Just things to consider, but keep the idea going!
ReplyDeleteI believe that one day, solar panels and residential windmills will be more common, especially the former one in the Sunshine State. I can see this being an expensive undertaking. The idea of a self-sustaining car is intriguing and I hope they become commercially available in my lifetime. The pressure from existing car companies and petroleum companies will be immense. I would continue with this idea and keep finding ways to lower costs.
ReplyDeleteI think that you have great potential with this idea. As you know, there is one huge downside to your product which is the costs that would occur. It would take tons of money in research and production costs which would then make the product expensive. This will definitely turn people away from purchasing and therefore you will need to look at other options to make the product less expensive.
ReplyDeleteHi Zach. I'd love to know more about your car and what merits the cost. Personally, if it is worth it and helps with the environment (I dont eat meat, try to be good as much as possible to the environment) then perhaps the price tag is justified. However, as a person previously posted, so far the Prius is doing well. This is where you have to answer, what makes your car the better purchase?
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