Helen Akers specializes in business and technology topics. She has professional experience in business-to-business sales, technical support, and management. Akers holds a Master of Business Administration with a marketing concentration from Devry University’s Keller Graduate School of Management and a Master of Fine Arts in creative writing from Antioch University Los Angeles.
No wonder, then, that most automobile brands aren’t ready to abandon traditional media channels like television and radio. “It’s way too early to do that,” Haynes says. “I think what we’ll see is more of a convergence” of traditional and digital strategies as tried-and-true channels like television and radio “get smarter” and start supporting social media platforms like Facebook.
Leverage purchasing power. Dealers can also capitalize on economies of scale. The economies result from lower costs in areas such as financing, advertising, management personnel, payroll handling, insurance, supplies, administrative functions and parts purchases. The reported cost savings from these economies alone can be as high as 20 percent of a dealer’s total costs. B.B. Hollingsworth Jr., chairman of Group 1 Automotive Inc., one of the leading consolidators in the country, says that his company has “discovered more economies-of-scale savings than [it] initially expected.”
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.
While many people do not buy more than one vehicle at a time, companies often do. By offering a percentage off on a vehicle when more than one is purchased, bulk sales will flow into the dealership. These can be company vehicles for executives or even vans used to haul materials, in either case, a discount can provide an extra form of marketing that will drive larger volumes of sales.
One strategy for luring customers is to rotate the vehicles around the lot to convey a busy, vibrant environment. “I tell my guys all the time to go out there and move the whole front line of cars,” Smith says. “Play musical chairs with the cars and customers start moving in. Action creates reaction.” And while there’s no concrete evidence to support it, an unspoken rule is that balloons somehow sell cars. On slow days, salespeople go nuts with them. “I worked at a dealership where you had to put 150 balloons out every day,” Teves says. “By the time you were done, you were exhausted. You didn’t have any energy left to sell a car.”
Like we just discussed, help the customer access all the information he needs from the comfort of his home, or office or wherever he is. Let it not be a case of him having to come to your showroom for every little query. In fact, mobilize information such that the customer feels empowered even before he walks into your showroom. While this is just one side of it, open up all channels of communication to enable a two-way interaction pathway with your customers.
I am a 19 years of age and have been offered a trial shift in a car dealership, I have been in sales for the last year and a half within telecommunications, selling phones. The obvious outlier is the fact that selling cars is completely different. I’d like to think I have a good sales technique and a natural thirst for it, however when it comes to car sales I’m a little jubious as I feel my young age might reflect in a different manner? To elaborate I mean simply that the older generation may feel they wouldn’t want to buy a car off me because I’m young. Anything you could suggest or advise me? However I am a strong believer in if you can sell in the correct way with formality and confidence, age should not be a factor. Please let me know what you think, email is as follows:
7. www.omnepresent.com Digital Marketing Elements For Automobile Industry ● Right now automobile industry might be doing lot of correction to raise digital marketing ● Here are some hints for automobile industry profit:- ★ Recognize your audience:- ❏ Important part of successful digital marketing ❏ Should put in time identifying their customers ❏ See the instance of Vauxhall’s Corsa advert to see the how car adverts are now a days emphasizing behaviour of car
Incentives and advertising programs can have a big impact on each other. Yet automakers have traditionally treated fixed and variable marketing spend as separate activities managed by separate organizations, with the sales organization or a dedicated incentives team responsible for planning and managing incentive programs while the marketing organization is responsible for advertising and brand marketing.
”It’s a fantastic time to be in automotive marketing thanks all the available data and information on consumer patterns,” said Joe Kyriakoza, VP/GM of Automotive, Oracle Data Cloud. “Using the types of tools available today, in tandem with the artful mastery of auto marketers’ creativity and content creation, audience planning is more efficient than ever before.”
The key is to follow-up with leads, customers, and sold customers to get new business. Try this app called Always Be In Contact to help with follow-up. I been using it everyday and it helps if you use an iPhone.
Diane, I like how you outlined these steps in a drop dead simple way and I think that the challenge here is on the ‘deliver’ part. When you fail to deliver something you’ve promised, no matter how big or small, you break that trust which is the ultimate driver in pushing someone to make that buying decision. Thanks for keeping us reminded of these baby steps.