How to Dominate in Your Industry - Become a Ferrari

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How to dominate in your industry like Ferrari

In an ever-evolving digital landscape, even icons like Ferrari recognize the significance of technology in optimizing their offerings and preserving their prestigious standing. This article delves into detail about how Ferrari, a symbol of excellence in the automotive industry, leverages digital tools – such as the 3D configurator – to elevate brand value and ensure an unparalleled customer experience. In a world where technology advances swiftly, even the most renowned brands adapt to stay at the forefront.

Market Segmentation and Understanding What Ferrari Represents

Ferrari’s appeal extends well beyond the realm of automobiles; it embodies luxury, innovation, and a passion for high-performance engineering. To propel the brand at the forefront of digitization, it’s crucial to first comprehend the diverse market segments that resonate with Ferrari’s ethos. By catering to both car enthusiasts and luxury connoisseurs, Ferrari solidifies its brand identity while simultaneously expanding its consumer base.

Added Value and Perceived Value by Customers

In the context of branding, it’s essential to distinguish between real value and perceived value of a brand. While real value is based on objective features like performance, quality, and product functionalities, perceived value is influenced by emotions, perceptions, and the relationship consumers develop with the brand. The integration of technology, particularly through tools like the configurator, plays a pivotal role in enhancing the perceived value of the Ferrari brand.

By enabling customers to actively participate in the creation process through the configurator, Ferrari goes beyond mere commercial transactions. It communicates that each car is not just a means of transportation but an authentic tailored masterpiece, crafted to align with the owner’s aspirations and personality. This engaging experience fosters a deep emotional bond between the customer and the brand, reinforcing the perceived value. Every selection made in the configurator isn’t merely an aesthetic choice but a form of individual expression that transforms the car into a tangible representation of the customer’s aspirations.

Through this synergy of technology and personalization, the experience of owning a Ferrari is elevated to a level of luxury that transcends the material. Customers aren’t just purchasing a car; they’re investing in a realized dream, a work of art on wheels that reflects their style and identity. This emotional connection and the sense of owning something unique significantly contribute to the perceived value of the Ferrari brand, solidifying its position as a symbol of prestige and luxury.

The Configurator as a Distinctive Value Service

Ferrari’s configurator goes beyond being a mere tool; it’s a distinctive service that adds value to the entire ownership experience. The intuitive interface of the configurator, combined with the anticipation of seeing one’s creation come to life, enhances the emotional bond between the customer and the brand.

The configurator functions as a vital tool in the digital transformation of automotive companies. It empowers users to meticulously craft their vision of a perfect Ferrari. This goes beyond simple customization; it’s about co-creating an automotive masterpiece that resonates with the customer’s personality and aspirations.

Now, let’s examine the different types of configurators used in the automotive market, with examples from the industry’s top brands.

As one of the leaders in digital marketing, Ferrari employs a combination of 2D and 3D configurators.

Ferrari’s 2D configurations are based on high-definition images. The program allows you to choose from a wide range of car colors (solid and mixed), rim finishes, brake colors, and interior features (including seat designs, interior colors, and carpets).

While limited in customization options, the 2D configurator highlights the specific part you’re modifying.

Where Ferrari truly excels is in the realm of 3D configurators. Requiring a minimum of 3 gigabytes of RAM, this powerful tool enables customization of the same elements as the 2D configurators (and more) while offering freedom to move and interact with the product.

You’re provided with a 360° view of the vehicle, and additional customization options include the exhaust system, carbon spoilers/bumpers, dashboards, doors, and further interior color modifications.

The 3D option allows you to add extra features such as seat heaters, anti-theft systems, automatic headlights, and garage door openers, among others. It’s a far more comprehensive program that allows customization of numerous car features.

Similar to Ferrari, Aston Martin offers a robust 3D configurator that allows modification of various vehicle features. Once a vehicle is selected, you can alter exterior colors, grills, roofs, lights, wheels, brakes, and more. This configurator, although based on a 3D platform, presents 2D images.

Interior features encompass seats, panels, carpets, dashboards, and more. The technology even enables changing the color of the under-bonnet brace.

Aston Martin enables you to capture “beauty shots” of your completed vehicle, complete with the ability to change the background and the time of day for visual impact.

BMW differentiates slightly from other 3D configurators by letting you select the type of engine and transmission.

Once the engine is chosen, you have the same customization options for exterior colors and rims. Interior upholstery isn’t as customizable as Ferrari or Aston Martin, yet there are ample choices.

You’ll also select a few extras (like repair kits) and move on to purchasing options.

While Tesla vehicles are technologically advanced, their website is not, providing only a 2D configurator experience.

The platform allows customization of interior and exterior colors, rims, an enhanced autopilot, the addition of self-driving capability, and chargers.

Although the 2D experience provides a glimpse of the final product, it doesn’t offer a “gold service.”

While the name may be unfamiliar to many, Lucid Air is a luxury electric car brand that also utilizes a product configurator. Their shopping experience is well-developed, offering numerous choices and enabling customization of every last detail, akin to the aforementioned brands.

The 3D configurator of this car ensures an excellent experience as you build your dream car.

Benefits of Different Types of Configurators

As with most technologies aimed at digital marketing, 2D and 3D configurators offer several benefits to both buyers and sellers.

2D Configurators

Static Rendering

2D static render configurators feature two-dimensional images. These “flat images” provide fewer details compared to 3D configurators, but they are notably more affordable while offering customers valuable customization options.

Unfortunately, the 2D images are fixed (static), meaning customers can’t manipulate them to view from different angles. These 2D files are smaller in size, making them quicker to download, upload, and transfer.

2D configurators are user-friendly, especially for those less tech-savvy. While lacking an interactive 360° view, many 2D images can offer varying angles.

3D Configurator

Rotated images

While 2D configurators are confined to flat images, 3D configurations are interactive, allowing customers to manipulate images and offering a 360° view of the product and improved customization opportunities.

However, these configurators are pricier than 2D options, with significantly larger file sizes.

3D configurators are superior and deliver a “premium” service to customers. They enable customization of the desired product to their ideal specifications without necessitating manufacturing.

This process benefits both buyers and sellers, saving time and resources. Customers engaging with 3D configurators are more likely to make satisfying purchases, and this satisfaction enhances the likelihood of them endorsing the brand and sharing their experiences with friends and family.

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Other Essential Factors for Successful Digital Marketing

In addition to configurators and immersive technologies, successful digital marketing for Ferrari encompasses consistent online presence. This involves engaging social media campaigns, informative content about the brand’s tradition and innovations, and a user-friendly website that embodies the brand’s aesthetics.

Below are additional digital tools that contribute to elevating the perceived value of brands:

Augmented & Virtual reality

Virtual & Digital

Harnessing AR and VR capabilities to revolutionize the exploration of cars. Potential buyers can virtually sit behind the wheel, rev the engine, and even simulate test drives. This immersive encounter not only fosters a deeper connection but also elevates the brand’s futuristic image.

Post-Sales Connections

Stay connected

The digital journey doesn’t end with a purchase. Nurturing lasting relationships with customers through seamless post-sales connections further solidifies the customer bond. This includes service scheduling, maintenance updates, and even exclusive event invitations, all easily accessible through digital platforms.

Post-Sales Owners’ Clubs

Create an Elitè

An integral part of the Ferrari experience is the sense of belonging to an elite community. The brand’s digital mastery is evident through post-sales owners’ clubs, where enthusiasts can interact, share stories, and participate in virtual meet-ups. This fosters a strong emotional tie with the brand.

Conclusion

In conclusion, the landscape of the automotive industry has been reshaped by digital evolution, with renowned brands like Ferrari, Aston Martin, BMW, Tesla, and Lucid Air embracing technological innovation to enhance customer experiences. The strategic use of 2D and 3D configurators has proven to be a strong point, empowering customers to customize every detail of their vehicles and establish deep emotional connections with the brands. The transformation of the configuration process from a simple decision-making task to an engaging creative journey reflects the broader industry trend towards personalized experiences and co-creation. Beyond providing tangible value through customization options, these technological tools enrich the perceived value of brands, fostering enduring connections with customers and solidifying their prominent positions in today’s automotive world.


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Francesca Dattilo

A designer by training, I have been working on communications and marketing for In2real since 2019. You can engage with me and my team to identify your company’s needs and define the right strategy.

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