NFL games dominate viewership on traditional TV, with an average of 17.9 million viewers per game during last year’s NFL regular season, according to…
Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota and Hyundai are among the automakers expected to capitalize on NFL games in the coming months.
NFL games dominate viewership on traditional TV, with an average of 17.9 million viewers per game during last year's NFL regular season, according to Nielsen.and the Detroit automakers are among those expected to capitalize on the NFL and its games as main advertising platforms in the coming months. Toyota in particular is entering football season as the"There so many variables that can impact budgets, but automakers are starting to pick back up," said Ryan Briganti, head of ad sales atCBS Sports, which airs NFL games each week on CBS and Paramount+."We have autos advertising across the whole portfolio."The automotive industry significantly pulled back advertising and marketing budgets in recent years because it did not have enough vehicles to sell. The Covid-19 pandemic and supply chain problems causedlevels. But vehicle inventory levels have been growing amid high interest rates and economic fears, and automakers are turning to live sports, especially the NFL, to help promote new products.by more than $400 million during the second half of the year compared to the first six months to promote new or redesigned vehicles. GM declined to discuss details of the spending, including how much of that amount is specifically tied to NFL advertising, but reiterated it remains significantly lower than historic levels. The NFL is a crucial piece of advertising strategy for automakers. During last year's NFL season, from September to February, about 44% of the automotive ad spend budgets in national TV were for the NFL, according to media planning and data company"The impact of the NFL on the automotive advertising industry is really very, very substantial," said Alberto Leyes, head of product strategy at Guideline.NFL games dominate viewership on traditional TV. Last year's NFL regular season games averaged 17.9 million viewers, according to Nielsen. The Super Bowl, meanwhile, drew 123.7 million average viewers.in the value of its media rights deals, which have in turn been a significant driver of NFL team valuations. Today, an NFL team is worth an average of $6.49 billion, according to The advertising market overall has shown signs of a rebound this year, particularly for streaming and digital players. Across the board, live sports still fetch the most significant ad spends, downturn or not. "We've seen a much stronger growth in 2024 than we've seen in any of the post-Covid years," Leyes said regarding overall media spend."We know we are going to have a strong second half of the year as well, with the return of NFL."which airs"Monday Night Football" on its TV networks and streaming, namely ESPN, has seen"positive, continuous double-digit growth over the last five years" when it comes to automakers' ad spending, said Andrew Messina, senior vice president of sales atBrands have also begun expanding commitments to include sponsorship opportunities alongside ad spots, Messina said.broadcast network NBC and streaming service Peacock, said Mark Marshall, NBCUniversal's chairman of global advertising and partnerships. While traditional TV still drives the dominant share of auto ads, there has been an increased presence on Peacock, which has streamed exclusive NFL games in the past year. Guideline reports viewership of NFL broadcasts grew about 7% over the past season, whereas ad spend in NFL programming doubled that pace at 14%. Automotive ad spend increased 17% over the past two seasons and is expected to increase again this year, according to Leyes. "For auto brands in particular, we've seen 139% year-over-year growth as they look to be more precise with their media spend in a complex U.S. market," said Jenny Wall, chief marketing officer at TV measurement company VideoAmp.It debuted an"anthem spot" for the campaign. Toyota also had a prominent role in the NFL's first game of the season Thursday night.The Toyota Halftime Show during a Thursday night matchup between the Baltimore Ravens and the Kansas City Chiefs as the two clubs kick off the NFL season on NBC and Peacock. For Toyota, it kicks off what will be a"season-long schedule of content across linear broadcast, digital, paid social and in-game formats," the automaker said. Toyota decided on the new partnership with the NFL after an overall review of its marketing and advertising spend, according to Dedra DeLilli, vice president of Toyota North America marketing communications. The automaker had previously advertised and run sponsorships around NFL games, but felt the best value for its media spend was in upping the partnership to become the official automotive sponsor of the league. "The most appealing aspect of this partnership is we have access to 218 million highly diverse, highly engaged fans of the NFL. That's almost 72% of the population. You are not going to find scalability and diversity like that in any other U.S. sport," DeLilli said.DeLilli declined to disclose Toyota's ad spend for the NFL. It follows a successful partnership with the Olympics and Paralympics this year in Paris. Stellantis is expected to soon launch new ads for the NFL season, including around its Jeep brand, but a spokeswoman declined to provide additional details. Hyundai will continue to have a prominent role during NFL broadcasts, including as presenting sponsor of NBC's Sunday Night Football kickoff show for the seventh consecutive year. The company declined to provide details of its spending plans, but Hyundai Motor America CEO Randy Parker said the company's spend is expected to be level from last year. "We want to catch consumers when they're watching television live," he told CNBC."We do think from a strategic perspective that's really, really important. … Especially sporting events, you can see the number of eyeballs increase year over year over year." Disclosure: Comcast owns NBCUniversal, the parent company of CNBC. NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.These stocks typically have the best and worst SeptembersCNBC's Official NFL Team Valuations 2024: Here's how the 32 franchises stack up
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