The news: The auto industry is set to have a slim presence at Super Bowl LIX in February, per an Ad Age report, a significant departure for a sector that advertises regularly at the event.
Only one automaker—Jeep—has confirmed that it will have an ad during the game. Several other Super Bowl stalwarts, including Kia, General Motors, Hyundai, Audi, and Ford, told Ad Age they will not run ads.
Auto sector ad spend: Once a staple of TV ad spending, the auto industry has shifted its priorities away from traditional media as viewership wanes and the sector faces significant headwinds.
Our take: The auto industry’s precarious political situation is upending plans set in motion during the Biden administration and could cause prices to rise. Several automakers said a Super Bowl ad did not align with their priorities this year, and with 30-second spots selling for $7 million, it’s easy to see why.
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