Penske = Smart
What Penske has done is turn the traditional “push” retail model into a “pull” model. By having the line form before the cars arrive the company knows what the demand is for each specification. And for those customers who cancel, the cars they ordered can be redirected to other buyers who want the same specs.
Further synergy comes through using his truck leasing firm’s call center to handle service and information calls. By opening repair orders during the call, Penske can schedule and direct customers to dealers faster and anticipate labor and parts needs more accurately.
Finally, by doing the promotional road show without traditional print and media advertising the company saved money while getting the word out. Granted this wouldn’t work with most new car launches, but it would probably work well for many unique cars. It’s more incentive for manufacturers to start building unique products that can generate buzz.