nascar consumer insights

14
C ONSUMER I NSIGHTS MIKE NASCIMENTO MBA | 2015

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Page 1: NASCAR Consumer Insights

C O N S U M E R I N S I G H T S MIKE NASCIMENTO MBA | 2015

Page 2: NASCAR Consumer Insights

“The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.”

– Peter Drucker

“Branding is not merely about differentiating products; it is about striking emotional chords with consumers. It is about cultivating identity, attachment, and trust to inspire customer loyalty.”

—Nirmalya Kumar

“Transforming a brand into a socially responsible leader doesn't happen overnight by simply writing new marketing and advertising strategies. It takes effort to identify a vision that your customers will find credible and aligned with their values.”

—Simon Mainwaring

Page 3: NASCAR Consumer Insights

1. The Patriotic Consumer 2.  Breakdown by Region 3.  Utilize Current Assets  

1.  Rockwell is NASCAR 2.  Track Specific Tactics 3.  Logano in Real Time  

MIKE NASCIMENTO MBA | 2015

Page 4: NASCAR Consumer Insights

•  Fans  demonstrate  an  unusually  strong  tendency  to  share  their  passion  for  the  sport  

with  others  (1)    •  NASCAR  ranks  #1  among  major  U.S.  sports  when  it  comes  to  avid  fans  who  say  it   is  

important   to  be  aware  of   sponsors,   and  are  more   likely   to   consider   trying,   regularly  

consume,  recommend,  and  consciously  support  a  sponsor’s  product  or  service  (3)    •  71%   of   NASCAR   fans   ‘almost   always’   choose   their   sport   related   sponsors,   57%  

expressed   ‘higher   trust’   in  NASCAR  backed  products,  both   the  highest  values   for  any  

sport  in  the  respecCve  survey  quesCons  (10)        

MIKE NASCIMENTO MBA | 2015

Page 5: NASCAR Consumer Insights

•  Extraordinary   appeal   of   the   sport   among   Avid   Fans   in   the   18-­‐34   demographic   highly  

coveted  by  marketers/adverCsers.  Nearly  two-­‐thirds  of  Avid  Fans  18-­‐34  say  they  are  more  

interested  in  telling  others  about  NASCAR  than  they  were  a  year  ago  (1)    •  Highly  aNuned  to  sponsors  in  the  sport  as  fans  are  nearly  three-­‐Mmes  more  likely  than  Avid  

Fans  overall  to  choose  their  favorite  driver  based  on  who  the  sponsor  is.  (1)    •  Broad  awareness  of  new  drivers  among  Avid  Fans.  Ninety  percent  of   those  surveyed  said  

they  were   familiar   with   the   new   drivers   in   the   Sprint   Cup   Series   and   NaConwide   Series.  

However,   loyalty   to   the  sport’s  veteran  drivers   remains   strong.  One   third  of  all  Avid  Fans  

(and   41%   of   those   in   the   18-­‐34   segment)   say   they   are   even  more   likely   to   support   the  

veteran  drivers  in  the  sport  as  they  conCnue  their  racing  careers  (1)      

MIKE NASCIMENTO MBA | 2015

Page 6: NASCAR Consumer Insights

•  Gender:  62%  male  /  38%  female  (3)  

•  Age:  45%  of  NASCAR  fans  are  18-­‐44  (96  index  vs.  U.S.  pop)  (3)  •  Income:  52%  of  NASCAR  fans  earn  $50,000+  (102  index  vs.  U.S.  pop)  (3)  

•  Family:  37%  of  NASCAR  fans  have  children  under  the  age  of  18  (97  index  vs.  U.S.  pop)  (3)  •  Geographic  regions:  NASCAR  fans  live  in  regions  that  mirror  the  U.S.  populaCon  (3)  •  MulCcultural:  1  out  of  5  NASCAR  fans  is  mulCcultural  (3)    •  Northeast  8%,  Midwest  21%,  South  55%,  West  16%  (5)    

MIKE NASCIMENTO MBA | 2015

Page 7: NASCAR Consumer Insights

 

•  High  aNendance:  An  average  of  6  million  viewers  tune  in  to  each  NASCAR  Sprint  Cup  Series  (3)    •  Nearly  70  million  unique  television  viewers  for  the  2013  NASCAR  Sprint  Cup  Series  (3)    •  Top  5  largest  NASCAR  markets  based  on  household  viewership  in  2013  were  Los  Angeles,  Tampa,  

CharloNe,  New  York  and  Orlando  (3)    •  64%  of  NASCAR  fans  will  only  aVend  a  single  event/year,  58%  male  at  events  (5)    •  Only   more   than   one   NASCAR   event   per   year—decreased   dramaCcally   since   2011,   TV   viewing  

remains  strong,  total  live  aNendance  down  6.1  to  4.8  mm,  43%  coming  from  south  region,  online  

viewership  up  2.6  to  3.4  mm,  median  income  for  online  viewers  in  increasing  (4)    •  Event  Fans  by  HHI:  12%  of  fans  $0–25K,  31%  at  $25K–50K,  33%  at  $50K–100K,  24%  at$100K+  (5)        

MIKE NASCIMENTO MBA | 2015

Page 8: NASCAR Consumer Insights

•  36%  of  NASCAR  fans  consider  themselves  avid  fans,  64%  moderate  (2)    •  Self-­‐proclaimed  nascar  fans  say  theyre  ’very  interested’  in  other  sports:    

   65%  football,  40%  MLB,  57%  Nascar  or  other  motor  sports  (2)    •  The  %  of  fans  who  aNended  in  person  versus  %  watched  on  TV  in  past  year:  

 NFL  :  33/95%  

 MLB  :  47/79%,    

 NASCAR  or  other  motor  sports  :  34/98%,    

 Local  minor  league  teams  :  42/40%,    

 NHL  :  23/54%  (2)        

MIKE NASCIMENTO MBA | 2015

Page 9: NASCAR Consumer Insights

MIKE NASCIMENTO MBA | 2015

Page 10: NASCAR Consumer Insights

•  Overall  Sports  apparel  spend  down  from  $533mm  in  2011  to  $276mm  in  2014  (6)    •  Only  13%  of  sports  fans  purchased  apparel  with  a  logo;  of  that  13%,  37%  used  a  computer  to  

view  event,  48.6%  used  a  smartphone,  and  31%  us  Facebook,  28%  on  TwiNer  (7)  •  Avg   spend   on   single   sports   logo   apparel   items   for   all   sports   fans   overall:   $50.80,   higher   for  

those  who  aNend  3+  events/year  (7)    •  43%  of  NASCAR  fans  will  spend  more  than  $50  on  logo  apparel,  48%  of  buyers  overall  are  50+  

years,  42%  18-­‐49  years  old,   logo  purchases:  south  46%,  median   income  of   logo  buyers  grown  from  $48.9K  to  $63K  (7)    

•  21.7%  of  buyers  are  at  sporCng  events,  26%  at  sporCng  goods  specialty  store,  18%  department  discount   stores,   but   percentage   of   total   purchases   are   35%   at   sporCng   good   stores,   instore  42%,  online  49%,  9%  unobserved.  74%  of  purchases  happen  on  computer  or   laptop,  5%  each  for  tablet  or  mobile  (7)  

MIKE NASCIMENTO MBA | 2015

Page 11: NASCAR Consumer Insights

•  Next  GeneraCon  of  Fans:  NASCAR  is  targeCng  youth,  Millennials,  and  mulCcultural  segments  via  

social  media,  pop  culture  integraCon,  FOX  Deportes,  etc.  (3)    •  NASCAR  fans  are  more  likely  to  be  small  business  owners  with  higher  income  that  reads  the  

sports  secCon  and  spends  more  on  jewelry,  etc.  (13)    •  Fans   in  2014:  42mm,  event  aNending:  4.8mm,  total  viewing  on  TV:  39mm,  71%  viewed  more  

than  1/yr  (6)    •  Nascar  TV  viewing  is  at  its  lowest  in  the  35-­‐49  yr  old  category,  growth  in  13-­‐17  yr  old  category,  

all  else  has  seen  liNle  change  (11)      

MIKE NASCIMENTO MBA | 2015

Page 12: NASCAR Consumer Insights

•  31%  used  mobile  during  event  in  2014  (down  from  42%  in  2013)  (5)    •  Top  mobile  acCviCes  done  while  at  event:  took  pictures  -­‐  21.5%,  text  or  talk  to  friends  20.3%,  

read  arCcles  or  blogs  -­‐  12.7%,  check  stats  or  scores  -­‐  10%,  visit  team/car  website  8.6%  (5)    •  4  of  5  Avid  Fans  (79%)  now  obtaining  their  sports  news  and  info  online  (1)  •  Most  popular  websites:  ESPN  (10mm),  NFL.com  &  Yahoo  sports  (2.6mm  each),  MLB  and  FOX  

sports  (1.6mm  each)  (4)    •  Mobile  users  has  doubled  to  over  1mm  who  watched  a  game  on  their  device,  mobile  usage  in  

south  sMll  dominant  area  at  40%  (12)    •  Avg  HHI  up  from  $30K  to  $79K  for  those  who  used  a  smartphone  to  view  1+  event  (6)    

MIKE NASCIMENTO MBA | 2015

Page 13: NASCAR Consumer Insights

•  NASCAR’s  Gen  Y  Avid  Fans  love  to  share  content;  91%  of  18-­‐34  year  olds  rouMnely  share  

NASCAR  content  (1)    •  54%  of  these  fans  also  indicate  they  want  to  access  NASCAR  content  on  mulMple  devices  when  

watching  race  acMon  on  TV  (1)    •  Among  those  who  own  a  Tablet  device  or  Smartphone,  which  was  nearly  all  of  the  Avid  Fans  

surveyed,  28%  have  a  NASCAR  app  on  their  device  (1)    •  36.5mm  NASCAR  mobile  users,  24mm  (66%)  use  for  sporCng  related  events,  50%  to  check  

scores,  44%  social  media,  30.5%  to  follow  or  post  RE  sports,  26.5%  for  sports  video  on  YouTube,  

39%  take  pictures  of  sporCng  event  to  post,  32%  visit  league  website  (how  omen  site  gets  visited  

is  unsure)  (9)      

MIKE NASCIMENTO MBA | 2015

Page 14: NASCAR Consumer Insights

•  NASCAR  followers  by  mobile:  28%  Facebook,  21%  YouTube,  15%  Instagram,  14%  TwiNer  (8)    •  Sixty-­‐three  percent  of  Avid  Fans  use  Facebook  to  share  NASCAR  content  (1)    •  Average  purchasing  income  for  those  following  NASCAR  on  TwiNer  has  increased  dramaCcally  

since  2012:  $42.7K  now  $72K  (6)    •  Facebook  is  by  far  the  most  popular  social  networking  site  among  Avid  Fans  with  71  percent  

visiMng  Facebook  regularly;  YouTube  is  second  at  43  percent;  TwiNer  is  third  at  26  percent.  (1)    •  11mm  NASCAR  Facebook  followers  (26%  of  total  NASCAR  fans),  1.8mm  daily  interacCon,  

1.5mm  interact  4-­‐6  days/week,  2.2  mm  1-­‐3  days/week,  5.5mm  less  than  1  day  a  week,  85%  are  

18-­‐64  yr  old  at  an  even  split,  68%  of  twiNer  followers  are  18-­‐49  yr  old  (8)    

MIKE NASCIMENTO MBA | 2015