While digesting the post, the reader is being primed to want even more information and will likely hand over their email address in return for it. Now you have a potential car buyer ready to be nurtured throughout their journey.
I’ve worked in automotive sales for 15 years, and managed Internet sales for 10. I’ve learned about what works and what doesn’t. If you are considering expanding your digital marketing efforts for 2014, here are eight tips from the front line.
2. The six separate businesses under the roof of the traditional dealership will be unbundled. The integrated model — new-car sales, used-vehicle sales, finance and insurance, service, parts, fieets — was established early on when automobile retailing was still a new industry. In today’s world it makes little sense. Different operational structures will be required to serve a variety of customer needs and economics.
This can be a tough pill to swallow, especially for people-pleasers, but keep it real with customers. If you’re going to need an extra 30 minutes to get their car ready, don’t tell them it’s only going to be 15 minutes. When you overpromise and under-deliver, customers will begin to doubt your trustworthiness.
It varies. Specialty cars, like an Evo, are enthusiast ONLY cars. They usually know more than the sales people. In fact, I’ve seen on more than one occaision, a sales person get completely schooled by an enthusiast and blow the sale. With that being said, Evos dont’ get test drives. Sorry. It has a 1000km break-in period, and we’re not fucking with that engine. You know what you’re getting with that car, and it is… AWESOME.
The process of purchasing a new or used vehicle can be a long one. A great deal of research is involved before making a decision on a vehicle, so it’s worth identifying how you can help the consumer with this process.
(iv) For Australian car dealerships, download the whitepaper by CarSales and IPSOS titled ‘The Journey to Vehicle Ownership‘. It suggests that the journey has been trimmed from 4.3 months to 2.7 months in just four years.
Stage #4: Professional Retail Car Salesperson. (approx. 12 months) – Congratulations you are now a professional retail car salesperson. You have a realization that YOU make YOUR sales career. You hang out and listen to successful peers. You complete your follow-up on a consistent basis. You’re sold on the dealerships selling system and you don’t cut corners.
As a standalone strategy, traditional methods may not be as effective as they used to be. The argument was stemming from their lack of “targeting.” But, if combined with a strong digital strategy, conventional advertising can be an effective way to spread awareness and attract a large audience.
No.4: Most dealerships start with generic newsletters – one version sent to all prospects – because it’s easy to do. That’s a great start. But over time, you should use the tool more creatively and learn to segment and personalize those newsletters. It will have a big impact on results.
Once you starving at meal time, you will promptly take a break in order to focus afterwards on your job. The vitamins you take for lunch make your tough against influenza. As a result you can adjust variably to various conditions. Transforming this likeness or analogy to business, car maker need to consider sales strategy for automotive industry to allow such adaptive behavior.
Manage used-car values. Most manufacturers today have some sort of certified used-car program, although the programs vary in effectiveness. These programs are critical to managing the risk of large losses from infiated lease residuals that have become commonplace, and to minimizing the huge cost of incentives.
By Robin Dienel How do you measure the success of your dealership website? Is it how many leads you get? Average VDP views? Number of website visitors each month? Whichever way you slice… Read More
Dwell Time will remain a high-priority item. This is the time between a user clicking on your search result, landing on your page, and then returning to the search results page. Google watches this time closely on every click to determine the quality of the page. Short dwell times are not good.
Oliver Wendell Holmes said, “The great thing in life is not where we stand, but what direction we are moving.” No matter what business you work in, a “business as usual” mindset will insure your competitors are making more money than you are. If you don’t stand out from the competition you may find yourself stood up by your customers. Now more than ever you have to focus, improve, and possibly even change what you do to attain, retain, and maintain customers.
Don’t be afraid to ask a manager for help. Especially if you are new, always try and get another person involved. You may end up having to split the deal with them, but at least you gain some pay and some extra experience you didn’t have before. I am new to the business and I work for a Toyota dealership and this has been the most useful tip for me. I sold 4 cars in 2 days and made over a grand in commission alone because I brought in extra help to answer questions that I couldn’t. Managers are there to help you, so use that.
Create a company profile for your dealership and optimise the listing with services and detailed descriptions, and keep it up-to-date with promotions. Actively using the listing in a professional environment is a great opportunity to generate promotion for vehicle leasing and other business services.
Getting together a down payment for some customers can be incredibly difficult, but there’s one time of the year when those people seem to finally get a chance: tax season. When people get their tax returns, auto dealerships see an influx of potential buyers looking around the lot.
Get your marketing managers, back-end developers, writers, and a few salespeople into a room. Pinpoint the problems in the marketing strategy and what needs to change. Host two or three meetings with your team to find solutions and assign tasks with a deadline in place.
Understanding the role of each marketing vehicle in moving consumers along the path to purchase is an ongoing challenge for automotive companies. MMA’s modeling framework has been adopted by some of the largest global automotive brands to measure and optimize their marketing investments across geographies, nameplates and consumer segments.
Digital transformation amps up the urgency for building diverse teams even further. “A small, focused group simply won’t have the same breadth of perspective as a team that includes a salesperson and a service person and a development person, as well as an IT person,” says Ross.
One of the most interesting findings of this year’s survey of auto market trends was that dealerships that simply check and document marketing ROI are four times more likely to see an increase in ROI year over year. Four times!
Final point – DO NOT spend 500 dollars on the Luxcare/Xzillion/whatever “appearance package”. It’s a coat of (admittedly very nice) wax, some Scotchgard, and leather conditioner. The warranty may sound enticing, but the fine print states that the dealer gets a shot at fixing it before doing any ACTUAL repainting or replacing of parts. That means one of the hourly detailers is told ‘fix it, whatever it takes’ – lots of carpet dye gets sprayed over these claims.
To be effective and successful selling cars, there are certain abilities, knowledge, and skills that prospective employers will be expecting that you are bringing to the table even though they might still give you some form of training on the job.
This week, #1 Cochran, Western Pennsylvania’s largest dealer chain, introduced an updated one-price, low-pressure strategy it says will change the way dealers sell cars, though Baierl Automotive Group in Wexford promised buyers the lowest price with a similar promotion in 2010: “No haggling. No fighting to get the best deal possible.”
Kip Cassino, executive vice president of research at Borrell, believes car dealers are beginning to find ways to build brand identities in the digital world as it grows. He believes some dealers and ad agencies are holding tight to old advertising habits simply because they are comfortable with them, or uncertain of the mechanics of the new media.
(1) Start with a great product – Tesla would be dead today if they didn’t build the best car available today. There are too many obstacles — range, lack of road trips, and buyer confusion to name a few. Tesla used electric technology to build a car that can’t be reproduced with a combustion engine. It’s as fast as a Porsche and gets the equivalent of 100 miles per gallon. It has very few moving parts. It is the most aerodynamic car made and has the most cargo space of any car in its class. It’s a sports car that seats seven.
Companies that are making the grade understand that unlike earlier technical advances, digital transformation doesn’t just support the business, it’s the future of the business. That’s why 60% of digital leading companies have entrusted the leadership of their transformation to their CIO, and that’s why experts say businesspeople must do more than have a vague understanding of the technology. They must also master a way of thinking and looking at business challenges that is unfamiliar to most people outside the IT department.