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Small Premium

An Introduction to Small Premium   Bookmark and Share

General | Tuesday, September 22nd, 2009 133

By Andrew Smith

This team is always watching global trends. In the U.S., China, and Western Europe, we see the luxury market changing radically. Clearly, luxury in the future is not only about bling. For consumers, luxury is an experience — one that requires truly premium products.

And now that you’ve seen our research on the Eco Initiative, the remaining question is, “What is the guilt-free luxury experience?” So we started on the concept of Small Premium.

One question we all wanted to explore is, “What is Premium?”  Luxury is one part. Consider the idea of a small vehicle with unexpected opulence. That’s something that would be unique, but is also easy to comprehend.

Next question: “In what context can Premium be measured?” Responsive handling, creature comforts, exquisite styling, premium materials and vehicle rarity were all discussed. We all looked to other products to help us answer the question. Small electronics is an obvious avenue that we explored. Jewelry is another.

While customers have had their choice of many types of premium vehicles, from performance cars to luxury cars and SUVs, what options exist for a small vehicle that is highly desirable?  We couldn’t help but think there should be more small vehicles in the market that offer something special. 

We agreed that a small premium vehicle shouldn’t be viewed as a compromise in any way.  It isn’t a vehicle you buy when you can’t afford the larger size version.  It should be unapologetic of size and just make you feel great.

One thing to overcome would be negative associations with small vehicles, both real and perceived. So while it should benefit from a smaller, efficient package, the owner should not have to give up anything. It should be a truly premium experience. Consider moving from a larger car or crossover. The first thing I would want to keep is space. How might we achieve that? And how small should a small premium vehicle be?

We started with concept vehicles for the Cadillac and Buick brands.

Take a look at some of our ideas and tell us what you think.

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