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One of the underlying challenges that improved coordination helps address is the issue of attribution— understanding the exact link between actions and results. The car-buying process is changing, leading to a major transformation on the retail side of the business. Understanding how marketing dollars are applied in the new buying ecosystem is critical to success. For example, was a recent lift in sales attributable to a new incentive program, or was it actually the result of a Tier 2 media campaign that the company rolled out at around the same time?
House deals consist of “phone-ups,” customers who call in on the phone, or “internet leads,” customers who visited a website and are interested in buying a car. These are called house deals because the dealership owns them until the manager divides them up between salesmen. 
The question will be how much MasterCard charges for that financing and whether Basware will link to any other financing providers, whether banks or perhaps nontraditional players like hedge funds or pension funds.
Dealerships are increasingly adopting marketing automation tools to automate and personalize communications with new prospects. So for example, if a website visitor fills out an online form expressing interest in a certain vehicle, an automated email can be triggered with information about that vehicle and an alert can also be sent to the sales team for follow-up. Dealers using marketing automation are 2x more likely to see higher marketing ROI than dealers who do not use marketing automation.
It doesn’t give you bargaining power. These days, dealers commonly get a cut of the interest you are paying on a bank loan, so it is more advantageous for a dealer to finance the sale, he stands to make more money than if you bought the same car for the same price but paid cash.
Mitsubishi needs every sale because they’re struggling. They’re usually grateful you bought one, almost as if they can’t believe it themselves. They have some of the highest loyalty I’ve ever seen. With that being said, they rarely give their cars away – and they’re more expensive than their competitors (Honda, Toyota, Hyundai, Kia, Mazda).
1. If you’re in no rush to buy a car, the end of a model year is a great time to get a deal. Determining when this is for a particular car can be difficult, but if a dealer has two years of a new vehicle on its lot (say, 2014s and 2015s), chances are the older ones are going to be priced to move. The last week of the year is another good time to buy. You’ll find lots of specials and manufacturer incentives at both times of year.
Eye contact creates a connection, and when you’re purposely or subconsciously avoiding that contact, it creates a disconnect with customers. There’s a happy medium, though, because too much eye contact can seem too intense and condescending. Aim to make eye contact about 30-60% of the time during a conversation — more when listening, less when speaking.
Do not let this number fool you however, as most do not, and those that do can easily be eclipsed salary-wise by someone selling regular cars in higher numbers at a “normal” car dealership. Plus, the latter salesmen also likely gets to take a loaner car home from time to time, where as the high end salesmen is lucky to take a model for a test drive by himself.
Third, give out some neat promotional stuff, considering customer needs. What could really benefit someone looking to buy a used car? Maybe something to make the process more practical, like an e-book about the used-car buying process or a payment calculator. Or maybe just something to make it more fun, like a list of used-car jokes.
Personally, I like the ad “The Station.” While it may not promote solid MPGs or tell me why I should buy TDI over EV, PEV, or a Hybrid, it definitely is memorable and tells me Audi makes diesel cars, not that an automotive enthusiast needs a reminder.
The curriculum Associate’s and Bachelor’s degree programs in automotive management typically includes advertising, sales and marketing, parts and service, finance, budgeting, warranties, and customer relations. Some technical and community colleges offer certificate programs and courses in automotive sales. In addition, the National Automobile Dealers Association (NADA) administers various dealership operations programs and automobile manufacturers consistently offer brand- and model- specific training.
In the digital world, advertising can take on a lot of forms. From pay-per-click ads to link earning, we will take full-advantage of all the available routes to reaching customers and make sure that we help you get the highest return on each dollar invested in advertising.
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.
Plus, we were getting so good that if there was another brand of car on one of our sister lots (it’s a big auto group, and we were allowed to cross-sell), we could go over to THEIR dealership, sell THEIR car, and keep the commission. Man, that would piss off their sales guys so much because their managers would just talk soo much shit about how weak they were with a superior selling product and here we were working what should have been their customers. It was a good feeling.
Stage #1: Introduction to Retail Car Sales (approx. 1 – 6 months) – It’s new, fun and exciting. You have a great attitude and a thirst for product knowledge. You have pep-in-your-step and you always have a smile on your face.
37. Knowing how long a used car has been on the lot can help you get a better price. Here’s how to find that information. Dealerships run vehicle history reports from Carfax or AutoCheck when cars come in as trades. Ask to see the car’s report, and make a mental note of when the report was printed. If the date is recent, then the car is likely new to the lot and there’s not much bargaining opportunity. But if the report is more than 60 days old, that’s a good indication the dealership is willing to move on the price.
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Work with your marketing department to figure out the ROI for each marketing dollar that goes out. What areas are giving you the most return? Think in terms of quality leads, referrals, and hard sales. If you have channels that are not working (or difficult to measure), consider redirected those dollars somewhere else.
When the customer can get what they need from the experience, they are more likely to make a purchase. There is often a disconnect between customers and marketers. This is also true of many businesses within the car dealer industry. With your marketers interacting with your customer base via social media, and being able to effectively gauge their responses to different ads on social media, they will change and grow along with their strategies. This will encourage staff to think up new ways to connect to a customer base that was previously hard to reach. It allows them to collect new ideas. New ideas will in turn breathe new life into car dealers and take them in new marketing directions.
We love the creative event marketing ideas in this article from Auto Dealer Today. Borrowing ideas that have been successful for others is a great place to start new strategies for auto dealer promotions