are ramping up their marketing efforts, the folks in Dearborn and Auburn Hills are spending less this year.
pulled back ad spending in the first quarter by 31% to $291 million, while
took a deeper cut of 42%, to $186 million. Part of the reason for this decreased spending is the ugly reality of the
market coupled with lean funds to pay for promotion, but the two automakers also don't have many new products to tout. During that same period GM was the number two
in the U.S., with $535 million being shelled out for new products like the
. Toyota also spent big on the new
, as well as additional advertising for the
. Ford will likely open up the purse strings in the next couple months for advertising for the
and the all new
. Chrysler will also have to spend on the all-new
, while also continuing to push the
While it makes sense to cut back on spending in anticipation of spending more money when new products arrive, it still doesn't look good that both the Blue Oval and Pentastar cut back so dramatically. When times get tough and car sales become harder to come by, it only makes more sense to up the marketing dollars to help dealers who need to move these vehicles of their showroom floor. And, you know, we could always use a few more ads, too.
[Source: The Detroit News]