You can go in blind and struggle and try to figure it out and most likely quit because of no sales, or you can go get a structured education and learn how to sell cars successfully within one week. You should start selling and closing deals as soon as you hit the sales floor.
The best thing you can do is track your marketing campaigns with as much data as possible. Use surveys to find out if people found you through traditional media. Online marketing has the advantage of being much easier to track, so you can gather data on your website and social media traffic to see what’s resulting in conversions.
IBISWorld’s Industry Market Report on Car & Automobile Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.
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.
”It’s a fantastic time to be in automotive marketing thanks to all the available data and information on consumer patterns,” said Joe Kyriakoza, VP/GM of Automotive, Oracle Data Cloud. “Using the types of tools available today, in tandem with the artful mastery of auto marketers’ creativity and content creation, audience planning is more efficient than ever before.”
Organic click-through rates are important. Highly relevant landing pages with content that solves the user’s problems are literally what Google recommends and what they want to see when crawling your website. Your content must match the user’s intent!
To gain preference in the automobile market, automakers have to get out of their own way and ask themselves the difficult questions. Too much of the marketing and branding in the automotive industry is thinking inside out, which usually only results in promoting product features and using clichéd themes.
How does this work? Let’s say the mark-up in a new Aventura is around $1250. But there’s a $2500 rebate. Add those together and you’re looking at a total discount of $3750 off the sticker price. Pretty good deal, right? Now, if you ignore the ads and come in on February 1st trying to get the same deal, guess what? The most you’ll be able to get off the price is around $1250– because the rebate is no longer available. So pay attention. Big Sales matter!
For example: Don’t assume that a car has a certain feature that you want. I once was showing a midsize sedan to a guy who came into the dealership without his wife. We went on a lengthy test-drive, and then he bought the car. I didn’t know it, but he and his wife were going to use the car for long road trips, and because of his bum knee, his wife was going to do most of the driving.
Another item contributing to their delay is a simple fact – used car quality is the best it’s ever been vehicles are lasting longer, and the average age of vehicles on the road is at its highest point ever at 11.6 years. In California, the country’s biggest car market, Millennials outpaced Baby-Boomers for the first time as car buyers. Millennials’ new-car market share jumped to 28% in 2015.
Unless you’re buying the car from a close friend or family member who can vouch for its history, plan to get a vehicle history report. This is an essential early step. If the car you’re looking at has a bad history report, the sooner you know the better.
Does the idea of “talking numbers” fill you with dread? It shouldn’t. Negotiating doesn’t have to be a drawn-out, traumatic experience. If you are reasonable and have a plan, chances are you can make a deal pretty quickly and easily:
Companies in this industry manufacture cars and automobile chassis. These operators, which are referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacturing of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry.
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.
If auto makers expanded their cooperative efforts, the industry would essentially be smart-sizing, the way the airplane manufacturing sector has over its long history. In the very beginning of aeronautics, the Wright Brothers and companies that grew in their wake made their own engines. Before long, a group of separate businesses emerged to produce engines, each of them competing to improve and advance the equipment. As aircraft engine technology advanced rapidly, jet engines became the dominant design — and having a spate of companies making the same part proved costly. The industry responded by consolidating, resulting in just a few independent aircraft engine manufacturers and a more efficient supply market.
Media measurement firm Nielsen Corp. confirmed late last year that TV viewing continues to decline across America, but it is still a core pastime in the average home. The average American adult watched four hours and three minutes of traditional live TV a day as of the third quarter of 2015. That was a decline from the same period of 2014 — but only by six minutes. Since 2013, average traditional TV is down by just 20 minutes.
Now is the time to talk about your dealership in more of a personal way and use multiple media formats to engage with consumers. When building or reconstructing your website and social channels, you might consider adding in an “About Us” or “Our History” page.
“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.”
2. If you’re looking to get information on a car or talk about a deal, but you aren’t quite ready to buy, a weekday afternoon is a great time to go visit a dealership. You’ll get more personal attention than you would on a busy weekend.
Car dealership blogging has one of the highest ROIs of any marketing medium. I personally built my blog to over 1 million monthly visitors in less than two years. I perfected a process from my success and built my client’s blogs to over 3 million monthly visitors. I have shared my entire process here.
This is the idea that when you go to an automotive website, your experience won’t mirror the experience of other visitors. Whether you’re logging in as someone who just bought a vehicle or you’ve never visited the store, the site should look different. Personalization is the idea that your website and your digital channels change based on someone’s history. So how do you do that?
Now that we see serious cracks in the walls protecting the traditional automotive distribution model, what will the future bring? Both the underlying drivers of change in automotive retailing and the trends already under way help answer that question. In addition, it is helpful to compare the automobile industry with other industries that have experienced distribution-channel evolution and look at the lessons they learned.
Audi just launched their latest campaign promoting TDI Diesel vehicles to Americans. It’s definitely not their first attempt to raise the profile of diesel in a market where gas prices are still in the $3-$4 range and more and more options such as hybrids, electric and high-mileage gas cars continue to provide choices for the fuel conscious consumer.
Step two is properly preparing and training your staff to handle the extra traffic. With the never-ending explosion and evolution of technology, it can be easy to forget one basic fact: automotive marketing is still a people business. The face-to-face interaction between your salesperson and the customer is the lifeblood of car marketing. Providing your staff with the latest word tracks, tips, and techniques is as essential as having the right inventory. Moreover, getting your staff pumped up, excited, and energized can make the difference between an average event and a record-breaking event. This is why we are more than just an automotive marketing company – we provide on-site training as well as direct mail services.
Run an incentive to get people into your showroom. Enter anybody that comes in for a test drive into a competition. Offer something such as a vacation or car accessories as a prize. Advertise your offer through your website, social media pages and traditional marketing activities. Make sure you have adequate staff available to take customers out while you’re running any such competition.
Now, don’t take this the wrong way. We understand that pulling all newspaper ads only gives more power to your competitors. The point we’re trying to make is that you can have more control over your success with digital than with print, and that can make the difference between a little bit of profit and a lot of profit.
I am a 20 year old considering getting a start in selling cars, what can I do to best prepare myself to get employed at a dealership, and which type of dealership would be most likely to hire someone like me?
Stage One: This is marked by major improvements in value delivered, mostly reductions in cost. Usually the cost reductions stem from consolidation and rationalization in the channel as better concepts or bigger players drive out marginal or small players. The bigger players use their cost advantage to reduce prices and often to improve service, variety and convenience.
If we see that a customer’s website visit frequency is ramping up or if we receive a live-chat inquiry, we can send a special coupon offer to entice them in for a test drive. We’ve achieved high response rates using those techniques.
My wife melted–as wives who are businesslike but also caring are wont to do–and said, “We don’t need anyone else. You’re doing fine.” (He wasn’t, but what the “Tell me,” she asked, “have you driven one of these?”
Detroit-based General Motors, which operates under several brands such as Chevrolet, Cadillac, Buick, is the third largest advertisers in the U.S., spending 3.5 million U.S. dollars in advertising in 2015. Also based in the Detroit area, Ford Motor Company was the sixth largest advertiser in the country that year. Italian group Fiat Chrysler Automobiles ranked eighth with a total of ad spend of 2.25 billion U.S. dollars in 2015, investing an average of 2.16 thousand U.S. dollar on advertising per each Fiat vehicle sold that year. Carmakers are some of the major spenders in the advertising market in the U.S., but they are not the only ones within the automotive industry. Advertising expenditure of the automotive rental and leasing industry was estimated at 492 million U.S. dollars in 2016, whereas automotive dealers and gas stations were projected to spend about 983 million U.S. dollars that year.
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.
The first step of any effective automotive marketing campaign is getting potential customers off the couch and into your dealership. Generating high volume quality traffic is essential to automotive marketing success. Not only does a showroom full of people provide your sales staff with more sales opportunities, it also creates an exciting, energetic environment. Creating this “buying frenzy” atmosphere is the key to high-impact marketing success, but it is something the average automotive marketing company cannot accomplish.
There is a ton of noise when it comes to automotive marketing so even as an automotive sales person it is vital you stand out from the crowd. People have to at least know who you are for them to ask for you when they pop into your showroom. You agree?