Started by christinediaz retaliation in RANTS, RAVES, OPINIONS and HUMOR; For the Uncensored Voice of Car Guys and Gals – What’s Bugging you?!?! Got something funny or ironic? Need to Vent? Feb 9. 0 Replies 0 Likes
The best lingo appears when a customer is on the fence about buying a car: That’s when, sometimes, dealerships will insist they take the car home for the night. This is called “puppy-dogging.” Mark McDonald, a career car salesman and author of the “Car Salesman Confidential” column MotorTrend.com, explains: “When customers show it to their friends and neighbors, they will make such a fuss over it—just as they would a new puppy—that they’ll have no choice but to buy it.”
Auto dealerships can no longer compete on price alone in an age where customer experience has become the new competitive commodity and consumers have the luxury of comparison shopping on line. Two studies conclude that in the age of the empowered consumer and changing expectations, auto dealers must change too.
At my dealership the average commission is around $550 a car. That’s new and used combined. So if you’re an average salesman and you sell 10-12 cars a month, which is the national average, and each car you sell is a $550 commission, what have you made? $6600. Or $79,200 a year before taxes. Not bad, depending on where you live . . . but hardly the life of Donald Trump. When you consider the hours needed to make those sales, it’s even less impressive.
Bottom line: you can make automotive marketing as complicated or simple as you would like, but do not underestimate the value of a high-impact car marketing campaign from the right automotive marketing company.
Tim, great comment. you are 100% correct. If you concentrate on what the customer really needs in a vehicle, and you supply them with a lot of the things they want, but do not necessarily need, they will perceive value and will follow through with a purchase.
I woke up this morning to a pitch on my twitter account. Unlike most ‘hey can you post this on your blog,’ requests this one is pretty good. There are some good examples of social media activations happening at the Auto Show including uses from Nissan, Hyundai and Mercedes-Benz. There’s even a little dig at Citroen who allows for email sharing only on a build application they have on the floor.
Look at your marketing budget and the channels you’re using for advertising. For example, did you put a significant portion of your budget toward television commercials during the fall and winter? In spring and summer, your customers are less likely to be sitting inside watching TV, and more likely to be out and about. Consider taking some of your TV dollars and moving them into Facebook advertising or PPC ads.
CarClearanceDeals.com searches the huge inventory of vehicles from their network of dealers to get you the best discounted price. Use their simple form to select the make and model and instantly see what is available near you. You will be able to easily get quotes on several similar cars to give you negotiating power!
To be sure, rates of return on capital have been a problem endemic to the auto industry for years, which is one reason for the many bankruptcies — or near liquidations — among OEMs and suppliers, particularly in the past decade or so. Surviving automotive companies have famously bent over backward to save pennies on every car or component they make. However, the situation is becoming more dire: The cost of capital is unlikely to come down from its already low inflation-adjusted levels, and new capital outlays are rising for advances in, among other areas, connected car and autonomous driving technology.
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LinkedIn is loosely described as the professional version of Facebook. Less members but a more specific purpose. Create a company profile for your dealership and optimise the listing with services, etc and keep it up to date with promotions. I would think that by actively using the listing in such a professional environment it would be a great opportunity to generate promotion for vehicle leasing and other business services.
Use technology to target customers based on their geographical location. This digital marketing and advertising tool allows you to deliver relevant ads to customers who are within a certain radius of your car dealership. Potential customers will receive a quick notice on their phone that will then direct them to a lead magnet for your car website. By offering a coupon or special discount right when potential customers are close to your dealership, you can increase conversions and direct shoppers away from your competitors. Contact Potenza Autor Dealer to learn how we can make geo targeting work for you.
Many ignore the signals indicating the changes necessary to maintain the competitive advantage needed. Even worse, some are in a stagnant cycle of progress due to the solutions used. Six years of record new car sales has made it easy for some industry professionals to become very comfortable with their ways.
Now that’s starting to become part of other job descriptions too. Many companies are investing in teaching their employees new digital skills. One South American auto products company, for example, has created a custom-education institute that trained 20,000 employees and partner-employees in 2016. In addition to training current staff, many leading digital companies are also hiring new employees and creating new roles, such as a chief robotics officer, to support their digital transformation efforts.
With a passion for digital literacy, community engagement, and education, Scott focuses on products and business development for 9 Clouds. He’s also available for speaking events. Learn more about Scott. »
This is another unfamiliar skill that smart managers are trying to pick up. “There’s a lot of trial and error in the best companies right now,” notes MIT’s Ross. But there’s a catch, she adds. “Most companies aren’t designed for trial and error—they’re trying to avoid an error,” she says.
You want to make the sale, and you want to make it now, but that should never be the vibe you give off when working with customers. Purchasing a car is a big decision, and if a person feels pressured to make a quick decision, they may just decide to walk off your lot. Give people space and let them feel supported.
But that was then. Now software has become so integral to the business that nobody can afford to walk away. Businesspeople must join the ranks of the IT consultants. “If you’re building a house, you don’t just disappear for six months and come back and go, ‘Oh, it looks pretty good,’” says Ferro. “You’re on that work site constantly and all of a sudden you’re looking at something, going, ‘Well, that looked really good on the blueprint, not sure it makes sense in reality. Let’s move that over six feet.’ Or, ‘I don’t know if I like that anymore.’ It’s really not much different in application development or for IT or technical projects, where on paper it looked really good and three weeks in, in that second sprint, you’re going, ‘Oh, now that I look at it, that’s really stupid.’”
Automobile salespeople who have been successful in their careers can eventually own their own dealership if they choose. Dealers with the financial means and necessary industry contacts may open a new dealership, or they can purchase an existing location and take over the operation.
I have had a career in the golf industry for over 30 years (i’m 60 yrs old) but feel the need for a career change. I have been offered a sales job with a large local and well respected dealership. I’m fascinated about car sales and the lucrative potential. I have researched and read almost everything. Any tips/suggestions for my newest journey?…Thanks
But when you go deeper within the European automotive market, and ask yourself why the rest of the car brands haven’t made much of a dent in Volkswagen’s market share, you find similar reasons for the US fluctuation.
Your car dealer online marketing campaigns should go hand in hand in order to make the most of your budget and your efforts. Post signup forms on your website and social media pages that encourage visitors to subscribe to your email marketing newsletters and text message campaigns. Your email marketing newsletters should have social sharing and social following buttons that allow subscribers to easily share your content with a wider audience. Whenever you send out marketing messages, think about how you can integrate that message in with your other marketing efforts.
Our connected lives have been based on the goal of providing us with more time. Our vehicles will be able to do this as well. Cars have been able to parallel park for years. Soon our cars will be smart enough to enable “predictive parking modes” and find available parking spots. Vehicles can already park themselves in autonomous mode and pick you up when you’re ready.
Dealerships need to start having intelligent conversations when it comes to creating and maintaining vendor relationships. If they do not take the time to do the research, they will be paying too much, no matter how it’s measured.