Let’s just look at another stat taken from the U.S. based report above – ‘The average amount spent to advertise a new vehicle today is $522, down 21% from five years ago‘. Such is the opportunity with digital and admittedly a few other factors.
Chevrolet’s Silverado saw a 17.6% year-to-year increase in the US, while it’s other truck, the Colorado, fell off the map. Ford’s Escape and Explorer are nearly identical except in size and price. Yet, the Explorer (the larger and more expensive of the two) has seen sales rise 27.4% while the Escape has dropped 5.7%. Where’s the brand preference in that? Rebranding automobiles puts the brand preference front and center.
The conundrum that for many, especially the US automakers, their house of brands grew organically and they did nothing to address them. In addition, the emotional aspect that the manufacturers had in the 20s has become trite, expected and all about the car.
The second way to sell cars is through deception and bold faced lies. If you choose this option you’ll probably find yourself bouncing from dealership to dealership with little to no repeat business, or referrals, and somewhere down the road you’ll have such a bad name that you may have problems getting a job in your city, or worse, the entire state.
One interesting corollary of this trend toward broader teamwork is that talent is a priority among digital leaders: they spend more on training their employees and partners than ordinary companies, as well as on hiring the people they need, according to the SAP-Oxford Economics survey. They’re also already being rewarded for their faith in their teams: 71% of leaders say that their successful digital transformation has made it easier for them to attract and retain talent, and 64% say that their employees are now more engaged than they were before the transformation.
The first way to this issue is to create a website full of engaging content for any potential customers to enjoy. Adding detailed listings of each vehicle you have for sale is crucial. Vehicle listings should aim to answer any questions your customers may have about their potential purchase, for example, how big is the boot? Does the car have 4WD? Is it a manual or automatic? Adding high-quality images from multiple angles are essential to lure potential customers to your garage forecourt.
Basware must be doing something right; Tihilä said the company in Q3 grew 70 percent from revenues the year before. With electronic invoicing now at just 10 percent of the market, he sees great growth potential.
Hi. I’ve been studying car sales as I want to walk into an interview prepared to impress as a green pea. Can you provide me with more insight on “Sell the customer, not the desk”?. I’m not grasping this. Also, if you could tell me more about the sales person relationship to the desk, finance and management to help me maximize my commissions would make me feel like I’m not giving money away to my superiors because I’m not in the know.. It seems to be a murky area. Any advise here will be a great help. Thanks, -Kevin
Marketing organizations must be able to answer these kinds of questions accurately and quickly. There are three key steps that automakers can and should address to maximize the efficiency and effectiveness of their marketing activities and investments.
In general, yes–at least they have a better opportunity than mainstream market salesmen to develop a repeat client base that is a very good thing to have, especially for exotic or other high-end vehicle car salesman.
No I hadn’t. I tend to get my loans from a credit union, where paying ahead is encouraged, and if you lose your source of income, they’ll give you a few months off of payments without penalty. Also, every overdraft fee I’ve been charged was immediately forgiven, as long as I was able to get my balance back to positive relatively quickly. Never had to pay for a checking account, or any of that other crap that regular banks always pull on people.
Just wanted to say thanks for doing this AMA – learned heaps today. I can see as the thread gets older so do the questions – most have been answered and a quick CTRL + F would yield the answer. If you ever get the urge to do it again I’ll be right there, drinking in the tips and suggestions. You’ve definitely changed my view of things, from the buyer’s side and I’m sorry that you’re not in the biz anymore. On the other hand, it looks like you had the good sense to get out of it before it killed your soul. Good move. Cheers, EquinsuOcha!
(4) Create a new multi-channel model: Tesla decided not to build a traditional car dealer network. Nobody likes car dealers: even buying and servicing a high-end car like a Porsche is a dreadful experience. Tesla looked at the car buying process and optimized its sales model to fit the way people buy cars today. Since people start online, Tesla designed their process around online information, commerce, and community. Their site is unusually clear, clean, and effective. For people who want to see the car, they are building kiosk stores in malls with Tesla experts who can’t sell cars and who aren’t commissioned. When a buyer is ready, they place a refundable deposit online. If they want to drive a car, they can arrange a test drive after they’ve placed a deposit. Essentially, Tesla is selling cars the same way Apple sells the iPhone.