Yes and no. When you sell a Lamborghini, you could make about 1/4-1/6 of what a “top salesman” at other “mainstream” dealerships make in commission for the year; however it is rare, unless you live someplace like Miami (but even then the competition is steep), to sell many exotic cars in a year. It is also very boring to sell exotic cars because most of your time is spent prospecting, cold calling, and twiddling your thumbs. How boring is that?! Plus you can never accurately predict your income and would have to save your commission from a sale until you sell another… exotic cars is just a very stressful sales position unless you have another job or own the dealership itself. Much better to sell a luxury brand higher than Honda or Toyota (such as Volkswagen, Audi, BMW, Subaru, Mercedes, Lexus, or Infiniti) because you’ll sell WAY more units, have consistency, and be busy all month long.
Winter is notoriously challenging when it comes to auto dealership sales, with January typically being the slowest month of the year for U.S. auto sales. January 2017 was no different than past years, with the top three companies in U.S. sales—General Motors, Toyota, and Ford —all reporting declines.
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.
Your CRM is probably tracking the original source of traffic, such as Google or AutoTrader or others. Unfortunately, sales-based analytics says, we don’t necessarily care where all the traffic’s coming from. We care about the 50 people who bought a car this month. Where did they come from? Knowing that answer radically transforms your marketing efforts. It will also help justify your budget and strategy to managers and bosses.
When people make big ticket purchases, they’ll usually want to make sure that this is the absolute best product that will fulfill their needs. By offering customer testimonials, potential purchasers will be able to see what real people had to say about your dealership, and apply it to their purchasing decision. Displaying customer testimonials on your page is an easy way to promote your product in a way that users know is genuine.
Most vehicle manufacturers offer a variety of “soft offer” services to complement their products –financing, insurance, extended service contracts and the like — in a standard package rather than crafting high-value bundles tailored to specific consumer purchase/ownership segments.
No matter how hard you work, how well you prospect and qualify, and how well you design solutions for customers- if you are weak in closing sales, you will suffer in your career. While closing sales comes naturally to some, others will benefit from learning how to effectively use proven closing techniques.
Jeremy Anspach is the CEO of PureCars, a digital advertising platform designed exclusively for the automotive industry. Armed with the industry’s most extensive data library, Jeremy founded PureCars in 2007. A Detroit native and renowned industry speaker, his drive and passion has led PureCars to become one of only seven automotive Google Premier SMB Partners, powering digital for over 3,000 dealers across the country.
Create a schedule to review your current efforts on a monthly basis. Crunch the numbers to see your ROI and make changes are you go along. Also, if something is working well, don’t fix it of it’s not broken.
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.
On the other hand, reports on millennial car buyers suggest that virtually all their car shopping starts online, before walking into a showroom. If you’re not online, you’ll likely miss these buyers.
Most places won’t screw you on the signing, if it’s a reputable chain dealership. Used car lots are the exceptions. They always try and fuck you. It’s in their nature. Don’t hate them, just know that this is what kind of animal they are. They’re fucking animals. They like to fuck. That’s what they’re good at. And if you go in there expecting that you’re to get a gentle Mormon kiss and a clothing-on spooning, you’re in for a world of disappointment.
Consumers Expecting a 24/7 Real-Time Response. According to a study by Arthur D. Little, dealers average response time is 9.2 hours and OEMs average time is around 24 hours. This is a huge opportunity for improving the overall customer experience.
You will need a certain charm and magnetism. You will need to communicate interest and integrity and carefully choose words and gestures that support the sales process. If you are not able to convince prospective car buyers of the value you see in your product, success in this field will prove to be elusive.
Take advantage of that. It likely comes with a lot of content from corporate that you can use while you learn to personalize for your market. Chevrolet provides a tool called Digital Traffic Generator from Agency 720 that I use every day.
The key is to make sure every interaction with a car buyer, pre- or post-sale, should be treated with the utmost importance, because people love writing about their experiences – bad experiences even more so. The thing is, you don’t know whether the person on the other end of the phone is an influential blogger or not.
Fact: Collecting your past customers’ data is crucial to the development of successful automobile marketing strategies. This is true because past customer data will allow you to build a profile of your ideal prospect.
One fact today is undeniable: the vast majority of leads will visit your website before they interact in any other way with your dealership. Your website is your business front, and it makes your first impression.
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.
No one is impossible – you’ll just need a cosigner. Most first time car buyers need one – and in fact, you’ll always get a better deal that way. So if you’re unemployed and graduating college, it’s nice that you want a new car, but remember this is a long term commitment, so measure that against your desire for something cool and shiny. What are your expectations in the car? Are you planning on keeping it for a while? Do you have a girlfriend with plans to get married? Kids? Are you living at home?
7) Have a good, firm business greeting, dress nicely every day. If you don’t remember your customer’s name after a test drive, and have to ask for it, you’ve proven to them that they are unimportant. When they tell you their name, repeat it and commit it to memory.
One of the most useful ways to use Facebook to connect with your customers is called “social care.” Social care is defined as customer service via social media. Customer service is essential to succeeding in any business, but it is paramount for an auto dealership, and those interactions are already moving online. In fact, a 2012 study by Nielsen found that 47 percent of social media users had engaged a company for social care and, what’s more, 30 percent of social media users prefer social care to traditional customer service over the phone, and for users aged 18-24 that number jumps to 37 percent!2
There are few car shoppers today who are not methodical buyers. The internet opened an era of transformative car shopping research; studies show that the majority of car shoppers use their mobile phones to comparison shop while physically on the lot. Clearly, car shoppers are better informed about the make, model, and price they’re interested in before they talk to a salesperson.
I’ve been flying by the seat of my pants here, and have been so focused on visibility that I haven’t been looking directly into our sales funnel and how it works. While I’m a statistical monitoring junkie, my overall strategic thinking has been so focused on web promotion and product production that I’ve been forgetting about the thing that’s actually going to keep us afloat: sales!
For many Americans, a car is the primary method of transportation. The problem is that cars typically need more repairs the older they get, and those repairs can cost a pretty penny. If your car has been acting up and you want to keep your repair bills to a minimum, here are four tips that can help.…See More
That is because, until now the most recent campaign, Dodge hasn’t invested in the brand of Dodge but rather in the models. It also hasn’t been helped by the Chrysler parent brand that is just as meaningless.
KF: We are the first, and I believe, the only dealer in the country that has developed augmented reality solutions internally that we are using in the dealership showroom to better engage our shoppers. This past December we were the first in our market to introduce virtual reality test drives on our websites. Why do I share these Two examples? Our consumers’ expectations are rising each year, and our goal is to exceed those expectations wherever we can – while becoming more consumer-facing.
Additionally, direct mail targeting is more sophisticated than ever. With results and data from over 11,000 automotive marketing events – from both direct mail only campaigns and automotive super sales – we are experts at helping you reach the right customers at the right time.
Car salesman training tips are usually so focused on how to speak to people, that they forget to include an important fact: you need to know what you’re talking about. Prove to the customer that you’re more than “just” a fast-talking salesperson — you know your inventory inside and out and can share fascinating information. Take the time to educate yourself regularly and you’ll find your knowledge builds trust with customers.
The app also uses forms to capture data, which is incredibly useful for gaining contact details and the vehicle needs of the app users. From this data, you can send push notifications directly to those users to let them know when new vehicles have been added that meet their criteria. Users can then contact you using the in-app messenger centre or from the one-touch call facility to discuss any vehicles they would like more information on.
Car manufacturers have traditionally relied on flashy television advertisements to promote their brands. But with the ever-changing media landscape shifting into social media, this all looks set to change.
3. The cost of distributing and marketing automobiles will be cut significantly. New formats and channels will discipline the current system to drive out non-value-adding cost. Dealer consolidations may unlock substantial economies of scale in back-office functions and purchasing leverage. Much larger savings are possible, however, by driving out inventory; reducing investment in brick-and-mortar and real estate investments, and optimizing the delivery of services.