These days, no one has time to visit a car dealership, talk to a salesperson, then go for a test drive only to discover that the car isn’t right for them. That’s why consumers will conduct in depth research online first to find out if the model they have their eye on is the perfect fit. Optimizing your mobile site so users can easily find the information they’re looking for on the go will ensure success at this micro-moment.
At the same time, the influence of salespeople remains considerable. Likewise, in many markets, dealers continue to find value in traditional advertising such as radio spots, newspaper ads, and TV commercials.
Cassy is Acquisio’s Content Specialist and resident Community Manager. With degrees in both Communication Studies and Graphic Design, coupled with agency and freelance design and copywriting experience, she has an ideal trifecta of skills to back up the entire marketing team. A passionate foodie, she can tell you all the best dishes in the city. When she’s not writing, designing, or engaging with Acquisio’s community, she spends time with her dog Derp, a local Instagram star.
The fact is that the people with the best credit get the best deals. People with the worst credit often get screwed. People with poor credit pay the highest prices, the most interest, and are often forced to finance for terms that are either too short or too long. Worst of all, their choices are severely limited. They can’t just walk into a dealership and pick out the car of their dreams; the dealership tells them which vehicle they can buy, take it or leave it. On the other hand, people the best credit pay the lowest prices, the least amount of interest (sometimes none at all), and can finance for terms that suit them. Their choices are almost limitless. They can buy whatever they want, and dealers will fight for their business. While this isn’t exactly a negotiating technique, good credit is the fundamental foundation for effective negotiation, kind of like good physical conditioning is the foundation for good athletic performance.
In 2016, more than 52% of searches for automotive-related keywords originated from mobile devices and smartphones. To capture new vehicle buyers and generate sales in our mobile-connected world, having a strong online marketing presence is one of the most important investments for your automotive business. We’ve looked at automotive marketing agencies across North America to find marketing providers with a focus on automotive that provide services you can count on. Check out our list of automotive marketing agencies below!
What the infographic does well is give fans a desire to become more engaged fans. The whole idea of making it a bit competitive is to show how fans can be more engaged with BMW by liking more BMW fan pages and showing how engaged a person is with BMW content on Facebook. More engagement equals higher scores.
18. Shut up and listen. You have two ears and one mouth so listen twice as much as you talk and learn when to shut up. See Shut-up a Car Salesman Tip the post. The power of knowing when to talk and when to shut up can make a huge difference in your car sales commission. There is a saying in the car business when negotiating that the first one to speak loses after a proposal.
Around the world, there were about 806 million cars and light trucks on the road in 2007, consuming over 980 billion litres (980,000,000 m3) of gasoline and diesel fuel yearly. The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicts that, by 2014, one-third of world demand will be in the four BRIC markets (Brazil, Russia, India and China). Meanwhile, in the developed countries, the automotive industry has slowed down. It is also expected that this trend will continue, especially as the younger generations of people (in highly urbanized countries) no longer want to own a car anymore, and prefer other modes of transport. Other potentially powerful automotive markets are Iran and Indonesia. Emerging auto markets already buy more cars than established markets. According to a J.D. Power study, emerging markets accounted for 51 percent of the global light-vehicle sales in 2010. The study, performed in 2010 expected this trend to accelerate. However, more recent reports (2012) confirmed the opposite; namely that the automotive industry was slowing down even in BRIC countries. In the United States, vehicle sales peaked in 2000, at 17.8 million units.
In short order, GM became a collection of acquisitions and the name, General Motors, demonstrated it. It had Buick, purchased Oldsmobile later that year and Cadillac followed the next year. There were other acquisitions lost to history, including Elmore and Oakland, but the standard was set. GM would be a house of brands rather than a branded house.
WHEN you have a customer with a trade in vehicle, have them follow you out as you do the appraisal, grab the info, Vin, licenceplate, milage etc, make sure the AC works, ask about fluids, when was the last time you changed your oil, Check everything that moves, windows, windshieldwipers etc. Walk arround the vehicle ask the customer if you se a dent or scratch ” soo what happened here” etc., so later when you head inside the customer will realize that maybe the car is not worth as much as he thinks.
Now, even if consumers happen to do their research via a 3rd party site, they eventually do need to go to a dealership to purchase their vehicle… and this typically means paying the actual dealership’s website a visit. To keep prospective customers from straying way, you want your site to provide the best online experience possible.
“It’s a complete overhaul of our sales process,” CEO Rob Cochran said. “We’ve spent four years on how do we use technology to rid ourselves of the bad habits the industry has been challenged with for decades.”
Another study from Digital Air Strike TM, released in November 2012, helped answer that question directly. Their survey asked what consumers wanted most on a dealership Facebook page. They found, “when visiting dealer Facebook sites, car buyers have clear ideas about what they want to see. The top five items cited as valuable on Facebook pages included, in priority order: dealership service promotions such as coupons or discounts, pictures of cars, sales promotions, reviews from consumers about the dealership, articles about cars and/or car care tips.”4
Now that you’ve read the salary page and have had a chance to see how much money can be made selling cars you’re probably eager to get started… Selling cars is not as easy as simply meeting a buyer, going on a test drive and signing some contracts. It can be, but it’s usually not the case.
My wife melted–as wives who are businesslike but also caring are wont to do–and said, “We don’t need anyone else. You’re doing fine.” (He wasn’t, but what the heck.) “Tell me,” she asked, “have you driven one of these?”
Vendors who take these relationships for granted and don’t support these initiatives can expect to lose business. Dealers expect guidance at every stage, and if they don’t get it, they’ll look for it elsewhere.
I also believe we’ll finally see more OEM’s will also introduce their versions of subscription-based buying programs. Cadillac launched their Book by Cadillac last year with minimal fanfare in three markets. Book by Cadillac provides access to several vehicles and multiple swaps (30!) allowed over an 18-month subscription term.
Sometimes the seller will mention something that wasn’t in the ad that might change your decision to buy the car. If you want to go deeper, our used car questionnaire is a good reminder of what to ask. You will notice that the last question on our list is the asking price of the car. Although many people are tempted to negotiate even before they have laid eyes on the car, it’s better to wait. Once you see the car, you can tie your offer to its condition.
Gone are the days when all you needed to sell your car was a showroom and some white boards in the car windows telling your potential customers their prices. Nowadays, people are embracing the digital age, with a using their mobile phones to research potential car purchases before committing to buy. This means that it’s more important than ever to develop an online presence to connect with your customers. So how do you go about it?
Dealerships get a kickback from banks for charging you more for financing than you actually have to pay. Suppose the bank approves you at 2.9% but the dealership tells you you were approved at 4.9%. They now get a cut of that 2%. If you are financing get a quote from your banks and credit unions (any you could possibly use). Most post their best rates online. That way if you are approved at 3.9% at your bank. The dealership gets you approved at 2.9%, tries to charge you 4.9%, you get them to bump down to 3.9% to match your bank, now the dealership is happy and you are happy. There is also a chance they will lower the sale price another hundred or so dollars to convince you to finance with them.
The truth is that consumers shop differently than they did just five years ago. Savvy shoppers know that the best way to find the ultimate deal is to start with online research. At Potenza Auto Dealer, our design and marketing experts can make sure that consumers are being directed to your site where they can experience a hassle-free shopping experience.
This is a great way to connect with them emotionally. Best case scenario, they will come back to your business and tell the world about the awesome surprise you gave them! Worst case scenario, their little doggy will walk around wearing the collar you sent in – subliminal branding messages are being sent anyways. This is a win-win innovation!
He went off and came back with a 0% loan, which if I took it got me another $500 cash back. I asked about early pay off, he said no penalty, but if I did it in 6 months or less they would charge the $500 back to the dealership, and he would appreciate if I didn’t do that.
While this list of closing techniques is certainly not a complete list, it represents the techniques that have proven to be effective over time. As with learning the features and benefits of your product or service, learning these closing techniques takes time, practice, patience, and trust.
“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”
Strategy 6. Put a shopping cart on your website. Online sales are still growing at a dramatic pace. This is coming from people who want to save time, avoid crowded stores, convenience, and the ability to shop outside of store hours. Just consider eBay for example, which generates millions of dollars of sales each year. It does not cost anything to set up an account on eBay, and you pay a proportion based on the cost of the item you are trying to sell. If you don’t want to use eBay, consider using your own shopping cart system on your website.
Search engine optimization requires the right combination of appealing visual design, high quality text and user-friendly navigation. It also relies on more technical issues that search engines use to rank and recommend sites to those searching for certain terms. We have the knowledge and expertise to help you earn top search engine rankings that will drive organic traffic to your site.
“That’s a huge, huge difference,” says Pfaff President and CEO Christopher Pfaff, adding that the retailer has reduced its dependence on newspaper ads by nearly 30% in recent months. “There’s a lot of clutter out there. Consumers are bombarded [by direct mail advertisements]. I know I am.”
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.
It takes stellar marketing and advertisements — not just on traditional auto dealer advertising mediums like TV and radio — to establish the kind of brand identity and authority that will cut through all the noise consumers are exposed to when shopping for a car.
It is also important to know what your dealers ads are, which vehicles are in the ads, as well as the price in the ads. You will need to know how the ad is structured as well, is there cash down or a trade reflected in a price or payment?
Use these automotive dealer marketing tips to help you build trust and authority with your current and potential buyers. It’ll bring your dealership’s marketing to the next level (and your sales, too).
When working crowd control or trying to corral legions of screaming teenagers, having a massive physical presence comes in handy. But not all “close protection specialists” need to be the size of a professional wrestler. “It really depends on the client,” says Anton Kalaydjian, the founder of Guardian Professional Security in Florida and former head of security for 50 Cent. “It’s kind of like shopping for a car. Sometimes they want a big SUV and sometimes they want something that doesn’t stick out at all. There’s a need for a regular-looking guy in clothes without an earpiece, not a monster.”
These types of things might seem small, but overall, they add legitimacy to your dealership. Also, consumer will be more likely to trust you since you are putting in so much effort to help them find the answers for themselves.