Pandora Courting Automakers, Dealers
The personalized radio service is going after the $17 billion radio ad market, and is targeting the auto industry, including dealers, in a big way.
OAKLAND, Calif. — Pandora’s effort to capture a piece of the $17 billion radio ad market was the subject of a recent New York Times’ article, which said the personalized radio service is targeting the auto industry in a big way.
Earlier this month at the New York International Auto Show, Pandora announced that Nissan became the latest automotive brand to agree to integrate the service in its vehicle lines. To date, Pandora has announced partnership with a total of 18 automotive brands and seven aftermarket manufacturers.
The company also announced this month that more than 400 localized advertising campaigns have been confirmed this year as part of Pandora’s new strategy to increase sales momentum in the top local radio markets.
“Our cutting-edge advertising solutions are rapidly becoming a top choice among local marketers eager to combine the power of targeting with digital, mobile, audio and video advertising solutions to get their campaigns seen and heard by exactly the right group of people,” said John Trimble, Pandora’s CEO. “Not only do we have more than 400 local advertising campaigns kicking off in the first quarter, but we're seeing more and more local advertisers recognizing that Pandora has innovative solutions, leadership, expertise, and an audience of more than 125 million registered users."
Included in that list of new advertisers is Planet Honda of New Jersey. For three months, the dealership ran audio ads targeting adults ages 22 and up in specific New Jersey counties. Results of the campaign exceeded the dealership’s expectations.
“In today's changing media market, it is really hard to determine where to invest your marketing dollars,” said William Feinstein, the dealership’s president. “Pandora provides the best of both worlds — the reach and top-of-mind awareness of traditional media with the metrics and accountability we expect from digital media. Pandora has an incredibly strong and loyal customer base that responds well to advertisers and is constantly growing.”
Pandora executives and some of its champions on Wall Street were quoted in the New York Times article as saying the path to profitability runs through car dealerships. To view the article, click here.
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →