TVSquared, a global player in linear and digital TV attribution, has released its report, Taking Back the Wheel: TV Ad Performance Insights for Automotive Brands. The analysis uncovers the TV buy elements that are driving response – spanning KPIs, creative lengths, programming genres, days and dayparts – for the auto industry.
TVSquared analysed more than $10 billion in TV ad spend from nearly 200 auto brands during H1 2019. Response, cost and audience data from TVSquared’s always-on ADvantage analytics platform was evaluated to find the highest and lowest performing buys, providing auto advertisers with invaluable insights into spend efficiency and effectiveness. Key findings featured in the report include:
Mark Hudson, Head of Business Intelligence at TVSquared, who spearheaded the report, said: “This is essential reading for auto advertisers, providing strategic guidance to leverage TV ad spend effectively at the global, national and local levels. Amid pressure to maximise ad spend, attract new buyers and secure future growth, auto brands should focus on middle – to down-funnel KPIs for their TV ads to drive response – such as locating dealerships or engaging with new car configurators. A user’s journey to purchase a car can take weeks or months to complete, so measuring these types of responses gives brands insightful and quantifiable indicators of TV performance.”