The fact is that the people with the best credit get the best deals. People with the worst credit often get screwed. People with poor credit pay the highest prices, the most interest, and are often forced to finance for terms that are either too short or too long. Worst of all, their choices are severely limited. They can’t just walk into a dealership and pick out the car of their dreams; the dealership tells them which vehicle they can buy, take it or leave it. On the other hand, people with the best credit pay the lowest prices, the least amount of interest (sometimes none at all), and can finance for terms that suit them. Their choices are almost limitless. They can buy whatever they want, and dealers will fight for their business. While this isn’t exactly a negotiating technique, good credit is the fundamental foundation for effective negotiation, kind of like good physical conditioning is the foundation for good athletic performance.
The salesman who works with it every day knows what he’s doing with the 4-square a lot better than you do. Any attempt to deviate the conversation to monthly payments, or anything other than final price, is an attempt to get you to pay more money. It’s often very hard to get salespeople to discuss final price. They’d much rather talk payments, because payments can hide what you actually end up paying. A monthly payment of $200 on a 2012 Civic with $5000 down sounds great, until you realize that it’s a 5 year loan and you’re paying 20 grand for the base model that MSRPs at 15.
“The first way to not fall prey to others manipulating your emotions is to understand the process and what the other person’s going to do,” says Miller. “If you can anticipate it, it has no impact.” For example, a common tactic in negotiating is using the “good cop, bad cop” routine. One party will entice the other with a promising deal and then bring in someone else to play hardball. “You think you have a deal. You become emotionally attached to that deal. And then he takes himself out of the picture and brings in someone brand new that has no emotional attachment.”
Additionally, direct mail targeting is more sophisticated than ever. With results and data from over 11,000 automotive marketing events – from both direct mail only campaigns and automotive super sales – we are experts at helping you reach the right customers at the right time.
3) If you get hired on, and are greeted by a sales manager (or “tower” manager) who makes you watch the Alec Baldwin scene from “Glengarry Glen Ross”, walk out of there immediately and never look back. If you find the sales manager to be a total hardass who raises his voice and manages through intimidation, then walk. You will be better off.
Of course, not all CIOs are ready for these changes. Just as high school has a lot of false positives—genius nerds who turn out to be merely nearsighted—so there are many CIOs who aren’t good role models for transformation.
Each step of the customer buying process, like watching automotive videos or searching for images are vital “micro-moments” that marketers should take advantage of every step of the way. These moments push a customer to eventually choose a particular vehicle and then visit a dealership to check it out in person – the ultimate goal of the automotive marketer. Imagine what Joe Girard, America’s greatest car salesmen, could have done with this data!
Follow up after the interview. End the interview with a handshake and a sign off like “Thank you for your time” or “I look forward to hearing from you.” Then, email or call the dealership within the next five to seven days to follow up on your interview. Tell them you appreciate their consideration and you want to know if they can inform you of the status of your application.
In a way, dealerships are the keepers of the brand’s flame, which is why we’ve always wondered why so many car dealership commercials are so amateurish and, often, ridiculous. What are they trying to achieve, other than copying Cal Worthington?
These tools can help you find critical keywords to target with your blog and on-page content. They allow you to see what’s working and what’s not. These kinds of analytic tools are critical for any digital-marketing strategy.
Just about anyone with a pulse can learn how to be a car salesman or car sales woman (just kidding), but sometimes it seems like that is the only requirement. Incidentally you don’t need a college education to sell cars, your most important attribute is your attitude. I have seen so many new sales people go through car salesman training and then hit the sales floor only to have them quit in the first thirty days. The ones that last longer than thirty days rarely make it ninety days. The ones that do last are people that have sold cars before or had some type of sales experience in a closely related field. Don’t get me wrong there is that one newbie every once in a while that catches on and becomes an effective car salesman that never had any sales experience.
The second implication of serving multiple, service-based customer segments is the need to avoid cannibalization. For example, a Mercedes “A” class owner with a limited guarantee and no branded service must be recognized as such and managed appropriately. This requires a system for identifying and distinguishing the “soft offer” packages sold to individual consumers. Mercedes is testing such a system in the form of a chip card. The chip card stores a description of the “soft offers” purchased and requires an explicit payment for additional services.
The golden rule is sales states that if a customer likes you, they will find a reason to buy from you. Conversely, if a customer does not like you, they will find a reason not to buy from you. Building a relationship with a customer is a sure way to not only close a sale but to create a long-term customer.
Many vehicle manufacturers have adopted certified used-car programs to support retained values as their lease portfolios and residual-value risk have grown. However, such programs are ineffective without a concentrated effort to manage the supply of both new and used vehicles.
8. Know your product. Product knowledge won’t sell cars on its own, but your customer needs to feel comfortable about spending a large amount of money. If they feel that they are working with a car salesman doesn’t know what they are talking about you are likely to create another “Be Back” and we all know that be backs won’t be back.
17. Leave your problems on the curb. When you get to the dealer you need to have your head in the game. Selling cars for a living requires you to have your head in the game at all times. You need to have the answers, ask the questions and be a step ahead of your customer at all times. Learn to leave your problems at the curb and you will sell more cars.
No one is suggesting, though, that auto dealers will disappear. Ironically, changes in cars and trucks themselves are making dealers more important. Consumers have more choices of brands and models than ever before. Improved durability and reliability and faster design cycles have narrowed the differences among competing products in the same category. Brand loyalty increasingly derives not from the product itself but from the total purchase and ownership experience. Numerous studies show that customer satisfaction has become a much more critical competitive differentiator and a greater inþuence on repurchase loyalty than the car itself. And it is the dealer that controls these levers today. (See Exhibit II.) This explains the intense efforts many vehicle manufacturers have made to set standards for, measure and even base some dealer compensation on customer satisfaction scores.
26. If you are budget-conscious or can’t afford unexpected expenses, leasing an inexpensive car may be a good alternative to financing a $6,500 used car with high mileage, for example. You will save the cost of upkeep and if you lease for three years, the car will be under factory warranty the whole time.
If a customer comes in and starts telling you about a negative experience they had at another dealership, fight the urge to be negative. You can certainly acknowledge their feelings, but quiet confidence goes much further with customers than trash-talking competitors.
Spring and summer are great seasons to get creative with your dealership marketing strategies. Just remember that no matter what you do, organize ahead of time, make a schedule, and have a reason behind every advertising dollar you spend.
Traditionally, the manufacturer fulfills this information gap for the buyer. This is supported by statistics uncovered by Google’s study citing “manufacturer interactions” as being the most significant touchpoint throughout the buyer journey.