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The Vault | Agency Profile, Contacts, AOR, Client Relationships
Service: creative, advertising, & production
- Main Telephone
- (212) 913-9499
Primary Address
747 Third Avenue
Floor 21
New York,
NY
10017
USA
The Vault Contacts
Contacts (3)
Name | Title | State | ||||||||||||
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Jon P. | Founder, Executive Creative Director & Managing Partner | NY | ||||||||||||
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Megan T. | Producer | NY | ||||||||||||
Josh W. | Managing Director | NY |
WinmoEdge
Agency Opps: BMW kicks off agency reviews following DM shifts (Score 56)
- The review is already underway and is expected to conclude toward the end of 2023.
- It is reportedly a procure-mandated review that occurs regularly every several years.
- Incumbent agencies will have an opportunity to defend their business, per a BMW spokesperson.
- became BMW's creative AOR in 2018, when it took over from what's now known as Forsman & Bodenfors.
- The company's incumbent media AOR is .
- We expected agency reviews would follow BMW's recent leadership shifts.
- The company will likely:
- Continue increasing national TV spend
- Return to heavier digital spend
- Shift its strategy once it selects new agency partners
- Target demographic:
- Millennials and Gen-X with a male skew
Additional spending insights:
- Broadcast insights (TV ad creative spend, effectiveness, impressions, and performance)
- 2021-2022 spend: BMW spent approximately $47.5m on national TV commercials in 2022, up 60% from the approximately $29.7m spent in 2021.
- 2022 ad programming: Its 2022 commercials targeted male sports enthusiasts watching shows such as NFL Football, the FIFA World Cup 2022, College Football, SportsCenter, and NBA Basketball.
- Digital and social insights (digital ad spend, effectiveness, impressions, and performance)
- 2021-2022 spend: In 2022, the automaker's estimated full-year spend decreased 7% to $26.4m that of $28.3m in 2021.
- 2022 data: BMW ended up earning ~3.2b digital impressions last year via Facebook (49%), Instagram (32%), desktop video (13%), desktop display (5%), and mobile display (1%) ads.
- The company placed its desktop video ads of 2022 site direct onto youtube.com (77%), cnn.com, Twitch, and yahoo.com.
- Additional channel insights
- The company utilizes local broadcast and experiential marketing.
- It also pursues sponsorship opportunities such as a recent deal with the Kentucky Derby.
Additional agency insights:
- Opportunity: Get in touch sooner rather than later to be involved in this review.
- Current agency roster:
- Goodby, Silverstein & Partners: Creative AOR (2018)
- UM NY: Media AOR
- Performance Art: CRM agency partner
- Critical Mass NY: Web development and digital marketing AOR
- Anchor: Social media AOR
- : Creative AOR
- : Creative AOR
- : Creative AOR
- : PR AOR
- : AOR
- : Multicultural agency partner
- : Programmatic agency partner
Insight Sources: Broadcast insights estimated by .