After it was all over, the young man asked us “How much did you guys make on this deal?” I asked him if he really wanted to know. He said yes. “How much do you think we made?” I asked. “Oh, probably 2 or 3 grand each,” he replied. He honestly thought that my partner and I had pocketed $6000 in commission on a $14,000 car. The truth was, it was a mini deal, and split two ways we had each made a whopping $62.50. When I told him that, a big smile grew across his face, like we were pulling his leg, and he said “Oh, no way! No way, man! You couldn’t make a living like that!!”
I really really appreciate it Diane if you could help me reinvent things or experiment things that could possibly deliver positive numbers so I could share it with my colleagues too. Thank you. -Hanna
Make sure that you have sufficient contact information. Some dealers make it so hard to contact them, it doesn’t give us the best impression of your customer service offering. When we see just a contact form we feel like we’ll never be answered.
The median of all salespeople is something like 18k supposedly. For a car dealership, the percentage CG plus F&I can mean an average around 54k+. If you sell at a well run BMW or Audi dealership, the numbers can be in the 70-80k range for very talented and hard working salespeople. On the same note, if you work at a jimmybob’s junkyard type place that has 10 to 12 cars on lot at a time, you’ll likely not clear very much at all. Beware poorly run lots, look for one with employees that have been there 10+ years and know their stuff.
Today, GM sports Cadillac, Chevrolet, Buick and GMC trucks after dropping Saturn, Pontiac and Hummer in 2009. All total, GM currently markets 37 different consumer models in the US, 16 of which come from Chevrolet, with no easy way to navigate through the list.
You could have an essay content, in which graduates can be nominated (by themselves, or someone else) as being worthy of winning the new car. There are many ways to make this type of contest profitable for your dealership, so put on your thinking cap!
(5) Build the community & focus on the experience: From the beginning, Tesla has made user forums and user community a key part of the online experience. Tesla marketing highlights the unique Tesla buying and ownership experience and encourages owners to interact with the company and each other in full public view on the Tesla site. This provides a rich base of content — and owner passion — on view for prospective buyers.
The CarBuyingTips.com “Used Car Bill Of Sale Form” is a useful free spreadsheet (actually 2 forms in one) to help you finalize the sale. It contains a Used Car Bill Of Sale, so you know what information you need when transferring the title of a car. It also contains a Deposit Slip Form. The deposit slip is used for written confirmation of the agreed upon selling price of the car. You can find this form in our free tools download area.
Basically all you do after watching the video is enter your email and click on one of three briefcases. I clicked on one and it zoomed in around it and then said I had another chance to win on another day. Personally I was confused as it wasn’t clear what just happened, other than viewing a corner of a briefcase image at a higher zoom. Not much of an interactive rich experience. Too bad, as the video is compelling, too bad the user experience is less than interesting.
Do include your contact details in case there is anything you haven’t covered. Often it is those that make life simpler for the consumer – by operating as a one-stop information shop – that make the sales.
Let’s face it, we hate when things are taken away from us. Go and try to take the proverbial candy away from a baby and you’ll get a very loud example of one simple fact: No one likes having things taken from them. Whether it is something you own or something that you want to own.
But there’s an alternative: combine the rich array of data available through Oracle Data Cloud ton ensure you have Relevant Reach: this strategically increases your reach to buyers by targeting the best households for your campaigns.
This is more of a side note, but still an important tactic to utilize when planning marketing efforts for your dealership. Instead of having a social media presence that everyone can contribute to, try and indicate one or two people to do the postings. This way, marketing efforts don’t get lost in translation and there is no miscommunication. The person who is appointed to manage all social media channels, email marketing, and platform tracking will know that they are accountable for the job, leading to a greater output and larger social media presence.
UPDATE: Facebook is rolling out a feature that will see car dealerships with the opportunity to list on Facebook’s Marketplace. This is going to be a huge advantage to get your listings in front of your Facebook audience and allowing you to tailor messages. It will also give the consumer the opportunity to contact the dealership directly via Facebook Messenger.
Hi! I am brand new to the car business and would love any help anyone wouldn’t mind sharing! I don’t have a client base as I am coming from furniture sales and while our store is pretty busy, its hard to get my foot into it! Thanks so much!
Through an affordable cloud subscription, retailers can access a range of analytics that turns data into a scalable ecosystem of shared intelligence and insight – all without hiring specialized talent or engaging in in-depth training to maintain it. In the meeting room, at the office, on the sales floor, or in front of a customer, retailers can discover, analyze, plan, predict, and collaborate with one integrated experience designed expressly for their business.
Restructuring the business model and processes is critical to any bank’s successful digitalization. Leveraging innovative capabilities in a cloud deployment can not only speed up digital transformation initiatives but also deliver business-wide process improvements as well.
When I buy a car I research the bejesus out of the things and usually walk in with a print out of the exact model, package, and options I want. I’ve never actually bought a car on the lot, its always special order and I pretty much know what the negotiated price should be. I have a bank loan lined up and don’t need your credit dept.
When two people fall in love with a deep understanding and appreciation for one another we say things like “they’re a match,” “they fit together,” and “they finish each other’s sentences.” This is the type of relationship that businesses should…
As you sit in the passenger seat, ask customers how they like certain aspects of the car and if the car feels different from their previous vehicle. Ask them if there are things they don’t like about the functionality or feel of the car and then use those comments to find another car more fit for them.
It’s no secret that the Honda Accord and Toyota Camry make for good used cars. But they might cost a few thousand more than a comparable Ford Fusion or Kia Optima, even though these are good cars, too. So if you’re looking to save money, consider more than one brand. We suggest making a list of three cars that meet your needs and fall within your budget. Edmunds reviews have great information to guide your choices.
To avoid having your emotions toyed with, have a backup plan for whatever it is you’re negotiating–a raise, a course of action, a new role in your company. “If you know you can get the same car at a dealer that’s a mile away, then you’re not going to be as emotionally attached to buying this car from this dealer,” says Miller. And that alone might help you get a better deal.
In a work setting, people often make the mistake of not realizing they are in a negotiation, when in fact they are. With your guard down, you stand to lose ground to others. “When you’re in a meeting, there are people at that meeting who go in there with the mindset that this is all negotiating–an opportunity to get x, whether it’s resources or support,” says Miller. “Another party goes into that meeting with no agenda or goals. The party that’s treating it as a negotiation is very likely to get what they want and the party going in there viewing this just as an exchange of information is likely to wonder, ‘How did we reach an agreement on something I really didn’t want?’”
One of the big reasons I don’t want to buy a new car is because the car loses so much value the moment I drive it off the lot. I just have trouble justifying the massive expense when I can find a year old used car for something like 30% less. Are there any benefits to buying a new car that offset that depreciation?
Car shoppers agree that videos play an important role in introducing them to new brands and vehicles, with 47% saying that they first heard about a specific car by watching online videos. In terms of decision-making, 65% reported that they narrowed down their options after watching a video.
SEO is not something you just throw onto someone’s plate. It’s a highly-specific service that requires customization, constant updates, and extreme care. And that’s exactly what you’ll get from Wikimotive.
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.
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.
5. Monitor. This is one of the most critical aspects of a successful sales strategy. As you move forward with your plan you must keep track of how well it is working. On the first day of each month, take a look back at the previous month. Ask yourself these questions:
At my dealership the average commission is around $550 a car. That’s new and used combined. So if you’re an average salesman and you sell 10-12 cars a month, which is the national average, and each car you sell is a $550 commission, what have you made? $6600. Or $79,200 a year before taxes. Not bad, depending on where you live . . . but hardly the life of Donald Trump. When you consider the hours needed to make those sales, it’s even less impressive.
No matter what industry you are in, knowing the decision maker is crucial to a quick close. Many times the decision makers will send someone else into the fire to learn all of the information they can about your company. If this is the case, be sure to put yourself into the head of the decision maker so that you can customize your sales pitch to that person’s interests, even if they aren’t there.
An added bonus of using a personalised app is that you can use your own images and colour schemes from your website and Facebook page and tailor the app to suit your needs without having to write code. The app can also be submitted to Android and the iOS store simply and easily using an online form rather than struggling to submit to the stores themselves, making for a much quicker, painless process.
Target Consumers on FacebookThis is a must, especially with 84% of your consumers on Facebook. Place ads to reach people who have indicated they are in the market for a car. You can narrow down these selects to geographic areas near your dealership, by vehicle type, gender, consumer interests, and more. The investment is well worth it. Research by Unified shows that auto ads have 2 times higher click-through rates than the average Facebook ad.