Inventories are on the rise, prompting car companies to try and boost sales through their standard marketing strategies of increasing advertising and improving purchase incentives, such as cash rebates, lease offers and low-cost loans. Yet those strategies—if executed in the usual way—may not deliver more than the usual results, causing a negative impact on residual values and brand equity.
When people make big ticket purchases, they’ll usually want to make sure that this is the absolute best product that will fulfill their needs. By offering customer testimonials, potential purchasers will be able to see what real people had to say about your dealership, and apply it to their purchasing decision. Displaying customer testimonials on your page is an easy way to promote your product in a way that users know is genuine.
By creating content, earning links, and optimizing your website, Wikimotive is able to provide dealers with more exposure to search engine users for more unique searches. We’re not focused on individual keyword rankings like most SEO companies, as this is an outdated method. Instead, we focus on building authority and relevancy between your website and topics related to your business. This allows your site to be more easily found by customers with unique search queries. This leads to better quality visits and leads, which then translate into easier sales on your end.
This is a great way to get an online review process setup. Understand when your car buyer will be the most satisfied with your service and send them an email. Ask them nicely to leave an online review, as you’ll want to request reviews to your Google listing and a couple of other key review platforms.
The customization we get with Outsell is fantastic, and I love the automated follow up. Even if we do nothing, our customers and prospects still get high-quality, relevant communications that aren’t overly sales-y.
As part of that calculation, businesspeople must have the ability to analyze the value of the data that they seek. “You’ll need to apply a pinch of knowledge salt to your data,” advises Solvay’s van Zeebroeck. “What really matters is the ability not just to tap into data but to see what is behind the data. Is it a fair representation? Is it impartial?”
If the customer is financing and wants to be at two hundred dollars a month, putting them in a thirty thousand dollar car will be a mistake. It will be easy to get a customer to fall in love with a high priced car but when you get inside, you will be disappointed.
He says there was a time when his used-car managers would routinely offer less for a trade-in than it was actually worth — “because that’s what we do” — and sometimes lose the new-car deal in the process.
Today’s Business Insider wrote about Audi ignoring the easy way to promote diesel, inspired after sitting through this celebrity inundated commercial. The writer suggests Audi should dump the ambiguous “TDI” nomenclature and just tag the cars as “Diesel” on the car itself. This simple move would show that diesels are quiet, attractive, and not smelly.
The primary challenge for marketers is making sure those dollars are being allocated wisely, between the fixed and variable categories, and also within each category. In particular, they need to answer some big questions, including: What is the right combination of incentive offers—lease, loan and cash—to maximize sales volume and profit? And how should those offers be implemented across media channels and properties, both traditional and digital?
This is what we call a “dollar car”. To the dealership, it’s not worth a trade in. They’ll offer you $500 as a gift. Don’t take it. They’re going to have to invest AT LEAST $1000 to recondition it, and if they can’t put it out on their lot, it’ll go to auction. They’ll lose money on it, so they won’t want it.
In order to entice potential customers to come into the car dealership, it’s important to have curbside appeal. As we’ve written about in other blog posts, there are plenty of ways to enhance the look of your dealership, such as arranging the cars a certain way, or adding LED lighting to your parking lot so the cars are visible after dark. Simply put, having a parking lot that looks nice is a lot better for business opposed to if your exterior looks sloppy and unorganized.
Out of all the steps to buying a used car, the one-on-one negotiation is the most daunting! You need to use all of the available information to your advantage to drive the price down. Before you begin negotiating, invest the time to do all of the research we recommend. Since there is so much to learn about negotiating, we have written a full page of advice for you.
Typically, buyers negotiate for a discount from the manufacturer’s suggested retail price, the highest price for a car. Many buyers consider the negotiating process to be contentious, and often feel they’re in the dark about the true retail price for a car.
Just about anyone with a pulse can learn how to be a car salesman or car sales woman (just kidding), but sometimes it seems like that is the only requirement. Incidentally you don’t need a college education to sell cars, your most important attribute is your attitude. I have seen so many new sales people go through car salesman training and then hit the sales floor only to have them quit in the first thirty days. The ones that last longer than thirty days rarely make it ninety days. The ones that do last are people that have sold cars before or had some type of sales experience in a closely related field. Don’t get me wrong there is that one newbie every once in a while that catches on and becomes an effective car salesman that never had any sales experience.
Fact: Radio and TV are great platforms for companies with a large marketing budget because they do reach the highest amount of people. They’re great for raising awareness of your dealership. However, this form of marketing is not targeted. Digital marketing generally allows for more targeted options since you have many more segmentation options to use when advertising.
Many car dealerships do not know how to reach out to online leads that visit their website or their social media pages. In order to draw in online visitors, place calls to action and signup forms on multiple pages of your website and on your Twitter and Facebook pages. Signup forms should allow visitors to subscribe to your marketing emails or text messages. Calls to action can encourage customers to download any inbound marketing resources that you offer, such as a car buying guide, or to click for a special promotional offer.
This approach means more stale branding and marketing that gives consumers little reason to remain loyal in the automobile market. Automobile advertising and branding has become as clichéd as the bad guy in a movie having a European accent.
“I think YourAutoDealership.com is excellent. Not only is it a great company, you always get the support you need at anytime. I also want to thank your staff. They really make selling cars easy.”Marcell H.
Though many “Am I getting a deal?” moments take place at the dealership, Stacy spent time researching deals both on and off the lot. She researched lease money factors, read about how she might forgo a dealer altogether, and crowdsourced actual prices paid for different brands and models so she could show up prepared.
For those just starting out in sales, auto sales offer much. In general, sales professionals in the auto industry earn a base salary plus commission, receive company-sponsored benefits and often receive either a discount when purchasing a vehicle or can earn a “demo” car. Total salary ranges vary quite a bit and are heavily dependent on location, how busy and popular the dealership is, the make and model of the vehicles sold and, of course, how good the sales professional is at selling cars.
What might such a game-changing revolution be in the automotive context? Marketing and selling extended-mobility service to consumers as opposed to pushing new cars? Life-cycle management of automobiles through multiple transactions? Selling cars and support services directly to consumers? We’re not sure, but evidence suggests that only those companies that are experimenting with such innovative concepts have a chance to be the future leaders of the industry.