Managing all the review sites your dealership appears on can be a serious process, but if you cultivate your online reputation properly you can, in essence, grow the size of your market. Because, “Car buyers are willing to drive farther to reach dealerships with positive online reviews—24 percent said they would drive 30 miles to a dealer with positive reviews, 15 percent said they would drive as far as 40 miles, while nearly one-third (31 percent) said they would drive 50 miles or more.”4If 70 percent of online car buyers are willing to drive 30 miles or more for a dealership with good online reviews, how many customers do you think you could gain from a positive online reputation? How many do you think you would lose with a bad one?
For protection specialists who take on celebrity clients, news and gossip site TMZ.com can prove to be a valuable resource. “I love TMZ,” Moyer says. “It’s a treasure trove for me to see who has problems with bodyguards or who got arrested.” Such news is great for client leads. Moyer also thinks the site’s highly organized squad of photographers can be a good training scenario for protection drills. “You can look at paparazzi as a threat, even though they’re not, and think about how you’d navigate it.” Plus, having cameras at a location before a celebrity shows up can sometimes highlight information leaks in their operation: If photographers have advance notice, Moyer says, then security needs to be tightened up.
2. More organic views on content from increased shares. You’ll find more that your page receives an increase in natural likes and engagement thanks to the shares received on the content Wikimotive creates for your Facebook page.
Offer an incentive for people to speak good things about you to their family and friends. The average person won’t always trust a used car business, but they will trust others who have had a good experience. Help them save money on fuel, maintenance, or other service packages if you have an ambassador helping you out.
A 1994 Dodge Neon that we took in trade for $2500. We owned it for $3000. It was worth $7000. I sold it for $6995, and made 25% commission, plus it was my #16 stair stepper (I sold 16 cars that month, new and used), so I got a $1000 bonus on it for being Salesman of the Month plus highest gross profit for the month. It was a good month.
“Because of automotive resource sites like Edmunds and NADA, consumers have the same amount of data and access that dealers do. They can now both get up-to-date information on pricing, availability and competitors FAST.”
– Complete Website Audit and Re-Optimization – Upon sign up, the Wikimotive team will audit your site in order to identify issues that could be affecting your SEO. Once we’ve identified the issues, we’ll immediately get started on fixing them in order to boost results quickly. This typically involves rewriting metadata, rewriting homepage and main navigational content, and optimizing all content with relevant keywords.
• In case of a prospect, collect information which might help you your future interactions with them. Ask them questions like “why they opt to go for this brand, this model, etc” as it could help you understand them better to deliver the most appropriate experience for them. This report also says that 1 in 4 customers is not satisfied with their dealer experience in the car buying process! This is quite a grave number, if you think about it!
Be authentic. Don’t just put on a happy face to make a sale. Actually care about your customers’ needs and sympathize with them. Customers will likely be able to tell if you dislike the part of your job that involves interacting with customers, or if you’re trying to speed them through “meet and greet” so you can start showing them cars. Be patient and don’t force any decision on your customer.
(1) Start with a great product – Tesla would be dead today if they didn’t build the best car available today. There are too many obstacles — range, lack of road trips, and buyer confusion to name a few. Tesla used electric technology to build a car that can’t be reproduced with a combustion engine. It’s as fast as a Porsche and gets the equivalent of 100 miles per gallon. It has very few moving parts. It is the most aerodynamic car made and has the most cargo space of any car in its class. It’s a sports car that seats seven.
The next time one of the vehicles you stock appears on Top Gear, go on Twitter and tweet about it! Give your thoughts on the review, compare your experience; ask questions to elicit opinions, start a conversation, and let the “twitter-verse” know that you have the car available for test drives at your dealership, so they can find out for themselves.
The transformation of the business of selling cars and trucks is happening before our eyes at an incredible pace — promising to change forever an industry that has long been noted for its high costs, poor service and extremely unpleasant selling process. Auto manufacturers have competed fiercely among themselves to drive out cost and meet consumer needs for cheaper and better cars and trucks. Now the survivors face new threats from outside the industry that might thwart their renewed interest in building strong, lasting relationships with their customers.
Emmanuelle Brun Neckebrock is CFO of SAP France. With more than 20 years’ experience, she is responsible for the coordination of SAP activities in France linked to acquisition and integration. She has recently taken over the responsibility of developing the healthcare sector within SAP France with a mission of actively promoting digital transformation in healthcare. Emmanuelle holds a degree in Finance from HEC Paris. Her blogs discuss the strategic challenges and topical issues facing CFOs.
In the auto industry, the advanced analytical tools and measurement capabilities required to generate deep insights like these are still in the early stages. However, most automakers now recognize the importance of identifying and proving the impact of marketing activities in real time, and they are starting to ramp up investment in this area.
Undoubtedly, the traditional dealer channel will continue to play a major role, although most of the innovation and volume growth will occur elsewhere. In many other consumer-durables markets, multiple channels with different value propositions coexist quite happily. (See Exhibit III.)
5. Test-drives are still an important part of car buying. Bring along the people who will regularly ride in the car with you, if possible. Have them try all the seats. It’s better to learn that your teenage son doesn’t fit in the backseat before you buy the car, not after.
Visa and US Bank formed a joint venture called Syncada to provide “integrated invoice processing, payment and financing platform for financial institutions to offer to their corporate and government commercial clients around the world.” Visa left the arrangement. Citi tried to partner with Ariba, since acquired by SAP and JPMorgan had a go with a company called XIGN.
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.
If you get frustrated easily when work is not steady, make sure that you go into auto sales with a full understanding that there will be hours when no customers walk through your dealership’s doors. For some dealerships, these hours can be very long and plentiful so either seek employment with a dealership known for heavy traffic or commit yourself to using any downtime to improve the effectiveness of your “up time.”
In 2015, more than a million Americans work at car dealerships. But that could change. Thanks to the Internet, people now walk into dealerships with their minds already made up. They don’t need—or want—a salesperson’s pitch. It makes sense that some dealerships are trading in their inflatable gorillas for online ads, as the Internet is by far their top referral source. In 2013, brand activity on Twitter alone drove $716 million in car sales, according to marketing analytics firm MarketShare. In other words, for better or worse, selling cars is becoming less of an art that involves human interaction, and more of a science that doesn’t.
I have been in car sales for a little over a year. I am just giving advice from my experience. I am no super hero saying I make six figures a year or sell 30 cars a month. Most people who start selling cars, hear about the money and that’s why they start. It will be tough for a little bit until you create a customer base. You will not make it in this business if you are not organized, afraid to make calls and talk to people in business settings, work long hours, or unable to constantly learn new things daily. YES WE ARE ALL HERE LOOKING TO SELL CARS. But that’s like 10% of our job. 90% of the battle is making friends with your customer, building trust in you and your dealership, introducing them and making them feel comfortable with your service and parts department (meaning take them on a tour!), and making yourself differ from every sales person in the business. Sure you can sell a car and have a great closing ratio and make good money this year; but if you are a dirt bag and your customer never wants to speak to you again and doesn’t want to ever come back to see you or your dealership again, and you don’t follow up every 6-months; and fail your surveys. You Suck! You lose deals that way in the near future!!!! Creating friends and building trust, creates REPEATS and REFERRALS! Differ yourself from the guy sitting at the desk next to you!!!!! EXAMPLE: When taking in a trade, look at there programmed stations on there radio. So when putting them into the new vehicle you can say “here let me preset your favorite radio stations for you and show you how it’s done!” Bet you your customers mouth will drop because you knew what they liked. Always carry a not pad or sticky notes, business cards, and 2 PENS!!!! Always carry phone cords in your pocket! Pair them to the vehicle before they even buy the car to create mental ownership. When going on test drives, ALWAYS go with them!!!! These little things will make it soooo much easier when you sit down and hand them a $500 payment and say sign here! And have a personality and a little bit of a since of humor because you are trying to relieve customers wall they put up and calm them down! We are not here to sell cars; we are here to help people buy cars. There’s a big difference!
This week I decided to check out automotive iPad apps. These first-generation entries are at times engaging, but ultimately I often found than frustrating and rather limited. Let’s start with one of my favorite usability rants: hot spots. They’re quick, which is probably why three OEM iPad apps incorporate them. They’re also dirty – pretty […]
The automotive industry has had its fair share of ups and downs in the latter half of the century. Shifting consumer priorities, environmental considerations, fluctuating markets and other transformations have spawned an existential awakening in the industry. In the midst of all this, the ongoing (and inevitable) shift towards digital platforms and devices created a whole new set of challenges and opportunities for automotive marketers.
As a young unemployed man who is about to graduate from college, the first thing I want is a brand spanking new hot hatch or some other type of fancy sports car that is way out of my price range. How often did you have to deal with customers such as myself, and did they usually leave with what they wanted? How often did they have to return their cars for something more economical? What usually ended up being the backbreaker?
In fact, first-stage channel evolution activities are rampant in automobile retailing in the United States and Europe, and second-stage changes have begun to emerge for used cars. We expect that participants who fall behind in this evolutionary process will suffer severely, particularly as more and more of the value creation and differentiation in the industry occurs downstream. The future winners in the automobile industry likely will be the ones that drive third-stage evolution.
Every effective marketer keeps a close eye on their competitors, and automotive is no different. Tracking the successes and failures of your competitor’s sites both provides insight as to what’s working and an idea of where your competition is headed.
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