As this product does not have current direct competitors, I completed a teardown on sites that allowed its clientele to make large ticket purchases on customizable products to further understand how to build credibility and trust. I chose to analyze Tesla, Rivian, Carvana, and Apartment List.
Tesla and Rivian required varying amounts of refundable deposits because they allowed consumers to customize their vehicles online and deposits acted as a source of commitment.
Tesla, Rivian, and Carvana offered 7 day return policies because consumers did not have the ability to test drive their model before completing purchase and receiving the vehicle.
Financing options were transparent and haggle-free for Tesla, Rivian, and Carvana because the complete purchasing process for vehicles was online.
Carvana increased user trust by offering comprehensive inspection information and imagery for each vehicle on its site because it only offered used cars.
Tesla, Rivian, Carvana, and Apartment List highlighted key features of models because consumers wanted to ensure large ticket items like vehicles/homes contain everything they need.
Rivian provided a “studio” setting to customize a model because it hadn’t been released yet but would allow consumers to begin planning what features and colors they wanted.
Apartment List asked for important features in a home and how those features were ranked because it uses AI to match consumer needs with homes in the area to filter the consumer’s search.
The average consumer of Rivian and Carvana is between 25-34 years old and male.
The average consumer of Apartment List is between 25-34 years old and female.
Tesla and Rivian streamlined user experience by making vehicle operation, financing, and servicing located within the app, giving the consumer control of everything in one place.