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Posts Tagged ‘toyota brand value’

Ferrari Brand Value Soars 40 Percent

Toyota most valuable auto brand overall, rises 7%.

by on Feb.17, 2017

Since Sergio Marchionne took over for former Ferrari CEO Luca di Montezemolo and raise production levels, Ferrari's brand value has risen 40%.

The value of the Ferrari brand is steadily rising, according to a new study that ranks the world’s automotive brands by Brand Finance, a British valuation and strategy consultancy.

“The fact Ferrari has boosted revenues without compromising brand strength suggests that it has found the perfect formula to sustainably exploit brand equity to maximize shareholder value,” Brand Finance CEO David Haigh said.

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Haigh noted the strength of Ferrari’s brand is all the more impressive given its increasingly commercial approach and improving revenues. (more…)

Toyota Brand Losing Value

But it could have been worse, study suggests.

by on Sep.17, 2010

The world's number one automaker suffers a sharp slide in brand value, according to a new survey.

With a record number of recalls, a grand jury investigation and a plague of lawsuits facing it, Toyota has seen a sharp drop in its ranking in the annual Best Global Brands study.

Conducted by the brand consultancy Interbrand, the latest survey found Toyota has dropped from 8th to 11th – with an even more significant loss in its actual brand value. By that measure, Toyota lost 16% of its value, according to the annual survey – more than other damaged brands such as Dell and Citi Services lost since the last Interbrand report.

“Although the Toyota recall caused the brand to lose 16% of its brand value, its long-standing reputation for reliability, efficiency and innovation helped it weather the crisis better than expected,” Interbrand noted.

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Nevertheless, only Harley-Davidson and BP, which was at the center of huge environmental disaster, did worse in the Interbrand survey than Toyota, which was once the envy of the auto industry and is now facing permanent damage from the massive recalls of the last 12 months.

By contrast, Goldman Sachs, which has faced sharp criticism in the media and on Capitol Hill, saw its brand value actually increase by 1%.