TikTok Drives Automotive Sales: New Whitepaper Reveals Surprising Results
TikTok has released a new whitepaper highlighting the platform's effectiveness for automotive marketing. The study, conducted in partnership with Al-Futtaim Automotive and Annalect, showcases how TikTok drives engagement and sales in the auto sector.
While TikTok might seem an unconventional platform for car advertising, its vast, culturally influential user base presents a unique opportunity for auto dealers. The whitepaper explores how TikTok connects with key auto buyer segments and leverages influencers to drive purchase decisions.
Key Findings from the TikTok Automotive Marketing Whitepaper
The whitepaper, available for download, reveals compelling data on TikTok's impact on auto sales:
- TikTok generated 9.4% of all inquiries driven by digital media, despite a relatively low share of media spend.
- TikTok delivered a 90% higher ROI than online video and a 12% higher ROI than other digital channels (excluding paid search).
- Full-funnel TikTok campaigns drove 14% more inquiries. Allocating 25-40% of budget to upper-funnel activities and running campaigns for 10+ weeks boosted efficiency by 62%.
The whitepaper emphasizes the "popcorn thinking" of today's auto buyers, who navigate a non-linear purchase journey. TikTok's cultural impact allows brands to effectively engage with these buyers throughout the entire process, from initial research to post-purchase considerations.
“The digital transformation has led to ‘popcorn thinking,’ which has indirectly shaped a non-linear journey. In this dynamic approach, potential customers navigate circular loops… A brand's failure to fulfil its promises in this post-purchase phase can hurt brand equity seven times more than a positive encounter can benefit it.”
- TikTok
The whitepaper also highlights the value of Marketing Mix Modeling (MMM) in understanding the true impact of ad spend on sales outcomes.
Earlier this year, TikTok launched updated automotive ad options and a dedicated mini-site for auto sellers, further solidifying its commitment to the industry.
Download the full TikTok automotive marketing whitepaper here.