Competitive pricing analysis can help a new startup in the auto industry in several ways. It can provide insights into the pricing strategies of legacy brands, allowing the startup to position its products competitively. It can also identify pricing gaps in the market that the startup can exploit. Furthermore, it can help the startup understand the price sensitivity of customers in the auto industry, which can inform its own pricing strategy. Finally, it can help the startup forecast the potential impact of price changes on its market share and profitability.
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