“With this system and MasterCard, we are able to offer very attractive interest rates for the service. It is highly automated and can be used for all invoices, from small to large.” Interest rates will vary, he added, but are very competitive.
The customization we get with Outsell is fantastic, and I love the automated follow up. Even if we do nothing, our customers and prospects still get high-quality, relevant communications that aren’t overly sales-y.
Millenials and their children are different, and so marketing approaches have to be different. That group will account for more than 40% of your market soon, so taking chances with your marketing now might just pay off. That’s not to say that car dealers should rush into marketing gambles without weighing the good and the bad. There’s nothing wrong with playing it safe. But marketing isn’t something you can do well by standing still. In the words of Sir Ken Robinson, an English education expert, “If you’re not prepared to be wrong, you’ll never come up with anything original.” So get ready to try new things. And don’t be afraid to try new marketing ideas. Just know that not every one will be a hit.
3. Don’t be afraid to listen to dealership suggestions. I’m not talking about bait and switch, but salespeople offering really good alternatives. When I sold cars, it was common for people to come looking for a particular model because of its low sticker price, but then drive out with a nicer car at the same or a lower price, thanks to the special programs and incentives that they didn’t know existed.
99 of 100 automotive shoppers begin their purchase journey expecting it to be a “hassle” driven in large part by their experience, and that of friends/family, with retailers seeking to control the buying process to the retailer’s objectives.
Twitter is another of the popular social media tools and one that may not appear relevant to a dealership but you may find it useful. Imagine the customer service opportunities, someone tweets you to see if you have a particular vehicle in stock and you reply; you can tweet a customer when it’s time for a service or time to pick up their vehicle; and you could also use it to generate promotion for an sale event.
Say a lady comes in with a 2006 Endeavor, and it is getting it’s 90k service. She’s due for a new car. Service tech talks to her, asks if she has time to chat with someone, and if yes, pings me. That means that she’s a referral, and no one gets skipped for “ups” in the front, it’s an appointment. If I sell her the new car, my service rep gets my $100 bird dog fee, in cash (publicly if possible). Even if it’s a mini-deal, I pay up. So if I only made $100, I pay the $100 bird dog and write it off as good karma. This means the next time my service rep sees something, shes going to send them to me knowing I’m good for it, and I’m honest, and fuck those other sales guys, I am the only one she goes to. I even get the techs in on it. It’s all about networking, even within your own dealership. It’s a treasure trove of good marketing.
Kia also is exploring these types of integrations, in addition to using AI to engage directly with consumers on a chat module for their new hybrid SUV Niro through Facebook Messenger. Dubbed the “NiroBot,” this chat functionality lets consumers research the car’s features and functionality powered by AI.
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.
If you’re selling cards in the European automobile market, you are going against Volkswagen, which sports the continent’s two top-selling models with the Golf and the Polo. Volkswagen, also first in overall market share, owns nearly a quarter of the European market. (It is 14th in the US.)
Most people know the “Golden Rule,” but they don’t stop to think about it in daily life. You may get so focused on your job and making the sale, that you forget your customers are real people. They are making a significant investment, they may be stressed out, there could be a lot going on at home — you just don’t know what they’re up against in the current moment. If you treat others the way you would want to be treated in a dealership, you’ll find many more return customers and referrals coming your way.
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.
It’s no secret that auto manufacturers are creating better vehicles than ever before – safer, more feature-rich, higher quality, and more reliable. Data from our Vehicle Dependability Study, which surveys owners of three-year-old vehicles regarding the number of problems experienced in the prior twelve months, backs the assertion of improved reliability. As illustrated below, these […]
I have been selling cars for about 3 years here on the West coast, and truly love my profession. My best advice to a new-comer to this industry would simply be, be genuine and set yourself apart from the rest. You do this by taking a true interest in your customer and having true passion for your product and what you do. Passion is contagious. I remember when I first applied and went in to take my drug test for pre-hiring process. The lab tech asks you to empty your pockets, an I handed him my car keys. He saw the Nissan logo, and he said that after screening thousands of car salesmen for pre-employment I was the first he had ever seen that actually owned a car from the company I was applying for. In other words if you dont have to fake it , it comes a lot more naturally. I have owned nothing but Nissans all my life. So when I tell my customers that these are well built reliable vehicles, I am not just blowing smoke, I am sharing my passion for Nissan cars to everyone I talk to. I am excited about the company’s new offerings and different features and trim packages, so learning the product isnt like a homework assignment to me, it’s a hobby. To be truly successful in this business you have to set yourself apart. Car salesmen already have a negative stigma, so if you simply do the opposite of what most car salesmen do you already have an advantage. I am glad there are so many lazy, shortsighted, greedy car salesmen out there, because when i get a chance to sit down with people, it gives me an opportunity to make a great impression on them by being polite and professional and straightforward and defying and exceeding their expectations. You really are selling yourself. Most of my sales are from word of mouth referrals because I focus on delivering a truly enjoyable experience for the customer day in and day out, and they tell their friends and family “go buy a car from Luke, he’s not like the other guys.” I don’t spend a lot of time cold calling or trying to build my customer base through facebook. I do it face to face, and still very much enjoy talking to people who come into the lot. Even with all the fancy technology and research and internet sales today, most cars are still sold the way they always have been. Through personal interaction, face to face meetings and handshakes. It’s so easy to become formulaic and look at everyone as a number, but if you truly take an interest in people’s needs and don’t fake it, you will do well. People understand that you have to earn a living, and if they like you and and you show a genuine effort, they will want to reward you for your efforts and good personality and this will make the negotiation a breeze. If they like you enough, people will actually feel bad about getting too good of a deal because they care about your interests, that is, if you have a genuine concern for their interests. You never want to get “commission breath.” People can smell it when you are simply trying to make a sale and chase the dollar. This is human nature and most car salesmen will try to take the shortest path to the dollar. I cant tell you how many times I hear other sales guys on my team walk up to someone and within 2 minutes ask them “are you serious about buying today?” This is like walking up to an attractive woman at a bar and saying “Are you serious about going home with me tonight?” You have to enjoy the dance, enjoy the process of ‘courting’ your customer. Most guys just want the easy sale. What they dont realize is that they can actually sell more cars at a higher price if they truly go to bat for the customer and give them genuine effort. Lazy greedy car salesmen still make sales, because people need cars, but this makes people bitter and regretful, and they certainly wont be saying anything good about the salesman to their friends or family. If you set yourself apart and truly enjoy the process of helping someone and delivering for their needs instead of focusing on your commission and volume numbers, you will actually sell more in the longrun. You can fake it and still make money but if you dont have a true passion for helping others, you will burn out quicker and coming into work will be a chore instead of a treat. Dan Hyandai who commented below is exactly right. Always look at it from the customers perspective. You are helping someone to buy, not selling them, and theres a big difference. You want to be an expert in helping to make someones decision to buy a car smooth, easy and enjoyable. I call it ‘golden rule selling.’ Treat the customer how you would want to be treated if you were shopping for a car. It’s really not a difficult concept, but you would be surprised how few car salesmen still use this approach. Car sales arent for everyone. It’s long hours, and you will be spending a lot of your weekends at the dealerships, as Saturday is always the biggest day at any dealership in the country. But you can have balance in this job, and have some time off as long as you don’t mind answering your cell. Again this is where the passion comes in. If you love what you are selling, talking to about it on the phone isnt like work, it’s sharing what you love with others. If you are passionate about what you are selling and you focus on the customer first and your commission last, you will set yourself apart from the pack and you will be successful in this industry.
Safety is a state that implies to be protected from any risk, danger, damage or cause of injury. In the automotive industry, safety means that users, operators or manufacturers do not face any risk or danger coming from the motor vehicle or its spare parts. Safety for the autmobiles themselves, implies that there is no risk of damage.
BMW dealerships are almost always full of douchebags. Same with Porsche. The only really approchable ones I’ve ever met in the luxury segment were Lotus and Aston Martin. Those guys will drink with the customer in the middle of the day.
Customers looking for a trade-in often times will value their car through Kelly Blue Book, but that value is only accurate if they can sell their car at full Kelly Blue Book retail. Every month a car loses 2% of its value, and then you have to attach all the expenses to it that make it ready to sell like tires, brakes, the noise in the back, that light that won’t turn on, the safety check, and reconditioning. Also, if another customer comes in and wants to offer less for the car than what it is priced at, the dealership will likely take it because they want to make the sale, thus the customer’s car is likely to bring in less than what they believe it will. Explaining this to your customers is important so they understand that you aren’t gypping them in price.
The client had a vast amount of customer data, and needed a creative way to turn it into knowledge and actionable insights. Our solution included three major components: (1) Customer Life Cycle, which identifies the customer’s stage within a vehicle purchase cycle to determine the customer’s buying potential (2) Segmentation, which categorizes customers based on many factors, and differentiates by profit-driving behaviors and (3) Offer Optimization, an engine that’s powered by statistical models to find the “best” offer to extend to a customer based on business goals and assorted client-supplied constraints. This engine also helps make sales forecasting and goal-setting more accurate.
Just started at a local Toyota dealership (I’ll be one week in on Thursday). What can I do to start building a client base and get my name out there besides Facebook. Seeing that I just started my business cards will not be in for a few weeks. Besides writing my name and cell phone number on the back of my sales managers cards and using Facebook, could you please help advise me with additional ways to build a client base?
SimplyCast 360 already offers revolutionary and game-changing tools to the automotive industry for marketing and communication. But recently, with the release of Version 8.7 and our Contact Manager, we have…
The quantity and quality of information collected at the dealer interface level is key to developing and maintaining an actionable customer database and accompanying marketing-decision support systems, replacing the somewhat primitive socio-demographic data that most vehicle manufacturers rely upon today.
“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.”
Take your average car buyer: Let’s assume he or she is not a practiced negotiator. In fact, the prospect of a lively negotiation makes him cringe. The balance is already beginning to tip into the other party’s favor. The less tolerance you have for the emotional stress of negotiating, the quicker you’re likely to settle, says Michel Tuan Pham, professor of business at Columbia University. “It pushes you to seek closure to get rid of those bad feelings,” says Pham.
Important to consider is the relationship you have with the other party to determine whether their emotions are likely genuine or feigned, says Pham. “If you’re negotiating within a couple–negotiating the division of labor within the household–I think you should pay attention to those emotions and if the person is really offended by certain requests. Where you have to pay attention is whenever you’re dealing with people who can fake them. That’s the difference between dealing with a car dealer who does that for a living versus the normal negotiations that we do in everyday life.” Professional relationships are tricky because they fall somewhere in the middle. Even if you have a personal relationship with your boss, when it comes time to negotiate a salary increase, he may still feign the distress your demands are causing.