People don’t want to be pandered to anymore. They want to be spoken to like an investor — because frankly, that’s exactly what buying a car is: an investment! This is especially important in the digital age, as many consumers do their research online. If they’ve never set foot in your store, but discovered you on social media or search engine, you want your online presence to be a reflection of your amazing inventory and customer service.
Whether you do up a few cars a year as a sideline or run a dealership, you’ll sell your autos a lot more quickly if you put some time into developing a marketing strategy. Motoring enthusiasts won’t know you’re there unless you shout about your offering, so spending a bit of money on advertising could have cars rolling off your driveway or lot a lot faster than they currently are.
Don’t let your customer lie to you. Often times your customers will bring in a white lie about what they can afford, or what the dealership down the street is planning on offering them for their trade-in. Overcome these objections by being understanding but persistent. Explain to them that your appraisal of their car is accurate and a good deal. 
However, for those just starting out and relying mostly on store walk-in traffic or traffic to the dealership from the Internet, they are paid hourly minimum wage or a little higher depending on the store.
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As long as there is competition in the marketplace, a need will remain for sales professionals. While pricing may no longer be a point of negotiation, consumers will are still more likely to buy from someone they like and trust than from someone who rubs them the wrong way. That is where the continued need for sales professionals comes into play!
Uber guy came in the other day looking for a second hand car. Then one of my manager pointed out one car and told him you should get that car because its in a books. What is that mean, “the car is in the books”?
It’s actually pretty common, so even though the scenario you described sounds like a real pain in the ass, it’s actually not that bad. Hyundai makes an awesome little coupe that’s got a turbo 4, and it’s rear wheel drive. Scion / Subaru have a cool little coupe too, that are pretty reasonable.
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.
A photographer snapped a photo at each home and, using a portable printer, instantly created a direct mail piece with the caption, “It’s closer than you think.” The result: a 33% response rate compared to the 4% response rate that Pfaff Automotive’s traditional direct mail marketing campaigns generate.
Savings could come from selling via Web channels. In the U.S., OEMs are barred from bypassing dealerships, a prohibition that electric carmaker Tesla is campaigning to eliminate. Rather than opposing Tesla, as some auto makers have, U.S. OEMs should view this potential change as an opportunity to innovate. OEMs are finding that as customers use the Internet to research car purchases, they do less shopping in person. Car buyers are now visiting between and one-and-a-half dealers before buying a car, compared with visiting four or five a generation ago. Using analytics to assess this data for demographic and location trends, auto makers hope to gain savings from inventory and dealer facilities management. They can target customer preferences more effectively and place the appropriate mix of retail formats in the right areas.
Hey guys for anyone looking to get in the car business I would highly recommend it. You definitely can not be lazy and you need to know how to be productive during the slow days/hours. I got into the business right when I turned 18 and now I am 20 selling 20 cars a month making around 10k a month. But you have to answer the phones, have great follow up and not afraid to take ups. I am just honest with customers and if they are looking at a car that I know doesn’t suit them I advise them to switch cars even if the gross is smaller on the other vehicle. Also, always ask for reviews on google mentioning your name. I am by all means no vet and learn something everyday. But personally love the business!
There is a root problem to all of this. The automobile market is left to the select few agencies and consultants who have worked in the industry for years. It’s like the NBA coaching tree. Coaches are recycled, fired, then hired again by another team. Like that would make any difference. Auto manufacturers switch the same strategists, personnel and advertising agencies like trading cards, expecting a different result. Worse yet, these agencies pretend to be experts in rebranding automobiles. What they are is churn agents.
Bay Ridge Cars of Brooklyn, N.Y., centralizes its analytics and manages its entire website from one platform. Its website uses design cues that its customers recognize from shopping the internet — a unique feature in the automotive industry — with DealerFire from DealerSocket.
Yeah, this is my biggest pet peeve with sales guys. They all pull this line. But it’s just not as easy as they try to make it seem. Not to mention, at dealerships that sell a mix of new/used, it makes your product sound shitty. You’re telling me if I buy a new car, I have to pay out the ass, and then it’s only good for a year or two? Then I’m still paying out the ass AND have to repair it all the time?
Considering these disparate pressures on costs, there is no easy formula that OEMs or suppliers can use to improve their return on capital. The solution will likely come from a combination of actions. Part of the answer lies in consolidation, which reduces industry capital requirements by eliminating competition and combining two manufacturing and design footprints into one. To a degree, these goals explain 2016’s robust supplier M&A volume, continuing the trend of the previous year’s record deal value, according to PwC’s Global Automotive M&A Deals Insights Year-end 2016 report.
The EGC Group’s research and knowledge about the new consumer and their car buying process allows you to “move more metal.” Our digital search engine marketing, social media programs and lead conversion technology – helps our automotive clients achieve more traffic, leads and car sales.
To me that seems like a great deal to take advantage of if the car is spanking new and hasn’t been sitting in the lot for a year. I’m talking about something like a 2014 Mazda Cx-5. Are costumers getting screwed over in that sort of deal? Especially if a new 2013 model was $1000 cheaper? I guess, how much would a dealer make off selling a car that has been out 2 months at invoice price?
Find out the particulars. After you’ve figured out what type of car your customers are looking for, narrow down the search by asking them specifics about their budget, the space they require, any special features they may want.