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!
All of these car dealership marketing ideas are more effective alternatives to outbound marketing like TV spots. If your marketing budget is too thin to start putting these ideas in action, consider downloading our Energy Efficiency Checklist below to see where you could be overspending on energy right now.
If a salesperson has a dry spell, some dealerships will let them draw against their commissions until they can pay it back. In car sales lingo, this is called being “in the bucket.” McDonald says, “Once you get in the bucket, it can be very hard to get out. You could owe $4,000 or $5,000 after two or three months. When that happens, the only thing you can do is quit.”
On the other hand, let’s say that an experienced Nissan salesman makes a salary of $21,600 per year, and off of every new car he sells, he makes $400. On average, monthly, he sells at least 10 new cars, and 10 used cars. His average commission on a used car, we’ll say, is $600 (generally there is more money to be made on used car sales due to being bought wholesale or gotten on the cheap as a trade-in).
I research cars I am interested online. I search carmax.com until I find two or three I like with low mileage. I get pre-approval from my credit union. I walk in, test drive, and either walk away or pick one and call my credit union.
Since then, I have talked multiple people out of even driving by the first, and have gotten 3-4 referral checks from the second. Not to mention the countless other people I have sent their way without bothering to bring up the bird dog.
While some dealers will hire a salesman with no experience, most prefer candidates to have prior experience in a sales position. Dealers want salespeople who are good communicators and have a demonstrated talent for customer service, so experience with face-to-face customer interactions is a plus. Regardless if a salesperson has prior sales experience or not, most dealerships require their new employees to complete a training program. In the training program, you’ll learn the specifics of that dealer’s operating procedures. Other topics discussed include features of different car models and the culture of the business.
A system and method for providing customized reports regarding pre-sale auto interest is enclosed herein. The reports are configured to provide pre-sale marketing research information about potential shoppers of particular auto models. The reports are also
10. If you need an extended test-drive, just ask for it. One of my customers drove over a steep grade on her daily commute. It was 20 miles from the dealership, but because it was very important to her to test the four-cylinder crossover SUV’s ability to climb the hill, that’s where we went. A good car salesperson will understand your needs, and let you test the car accordingly.
– Pictures are great visual aids, but won’t be enough to capture your audience’s interest. You want online video. Video consumption is skyrocketing and will be a great asset in your ability to positively influence potential car buyers.
Mr. Gaille is the host of one of the most downloaded marketing podcasts in the world (go here to subscribe and listen to The Blog Millionaire podcast). Last month, more than 2.25 million people visited Brandon’s blog. Read his inspiring comeback story, “From Brain Tumor to 1 Million Monthly Visitors.” Feel free to send Brandon a message here.
Creating a more fiexible and targeted mix of channels and formats will be hard to do. But it will also require manufacturers to collect continuous and rapid feedback for new retailing ideas and approaches, consistent with a strategic path that is fiexible enough to change as the organization learns over time.
So, the answer is, yes, sometimes you can make more money as an exotic car salesman, especially if you have lots of “in” contacts with whom to sell to, or if you’ve never sold cars before. However, you can make more money as a regular car salesman, with a little bit of finesse… the only downside being, you won’t get to say you work at such a glamorous place of business.
Hi, I just started working at a dealership a month ago and I feel like I suck. I cannot close, people ask for too low, they want too much of a discount, and I am new and don’t know much. Also don’t want help from others because they will take half my deal (already happened) plus my company use this “in the bucket” thing and I’m afraid after my trial period is over, I will not sell over my bucket and therefore, owe the company money. I hate it here and I don’t know how to sell. or negotiate or anything
One interesting phenomenon with Twitter is people tweeting about what they’re watching on TV. According to Nielsen, in “June 2012, a third of active Twitter users tweeted about TV-related content, an increase of 27 percent from the beginning of the year.”2 Why not get in on the act to help promote dealership?
Social media feeds will allow a dealership to increase their current reach greatly. Simply start an account on Facebook and Twitter and ensure that your profile links to your website. Once followers start flowing in and likes are abundant, continual updates will provide further marketing. Promote new vehicles, special sales and engage the community. If one of these fans or followers shares the content you post about a new vehicle, it may just lead to a sale.
Seeing what happens when you don’t negotiate should also motivate you to lobby for your interests. “You see that people take advantage of you if you’re not negotiating. Once that happens and you recognize it, emotionally, you say that’s not going to happen again.”
This can be a tough pill to swallow, especially for people-pleasers, but keep it real with customers. If you’re going to need an extra 30 minutes to get their car ready, don’t tell them it’s only going to be 15 minutes. When you overpromise and under-deliver, customers will begin to doubt your trustworthiness.
Until the automobile market begins to find the emotional cues of the target audience and become honest with themselves about where they stand, the automotive brands will continue to watch cars sit idly in lots.
3. Salespeople have a relatively low quota (8-12 units per month, depending on store and market). Salespeople who fall below the quota are hard to keep around, partially because they usually suck, and partially because they’re negative people who don’t make good money and consequently drag everyone’s energy down.
Hi i just started a job at a car dealership. I’ve got no experience whatsoever and i really need this job.kindly email me tips on how to understand cars better and how to negotiate salary with my boss firstname.lastname@example.org
While visions of ‘The Homer’ must have crossed Citroen’s mind, the results are actually great, and had the bonus effect of ramping the brand’s social engagement figures through the roof, with over 24,000 different versions of the final car submitted (and an extra 15,000 fans joining up for the ride).
Depending on the environment—protecting a musician at a concert is different from transporting the reviled CEO of a pharmaceutical company—bodyguards may or may not come armed. According to Kent Moyer, president and CEO of World Protection Group and a former bodyguard for Playboy founder Hugh Hefner, resorting to gunplay means the security expert has pretty much already failed. “People don’t understand this is not a business where we fight or draw guns,” Moyer says. “We’re trained to cover and evacuate and get out of harm’s way. The goal is no use of force.” If a guard needs to draw a gun to respond to a gun, Moyer says he’s already behind. “If I fight, I failed. If I draw a gun, I failed.”
The Meet and Greet might sound simple enough, but it is much more complex than you would believe. Within the first thirty seconds of meeting you, your customer will form an opinion of you in their minds.
Stage #2: Becoming Knowledgeable. (approx. 6 – 9 months) – This stage of your short career is when you start to become educated in the car business. You’re enlightened and familiar with your surroundings and how things work in your dealership. You start learning the clicks within the dealership and starting to listen to people who may or MAY NOT have your best interests in mind.
Merely having a mobile responsive website is not enough to target mobile-first buyers. Mobile apps, local search, video content and social media all present opportunities to reach mobile-first buyers on their preferred device.
If you didn’t hit your numbers, determine what might need to be changed and change it. Then add the missed amount to the coming month’s goal. You don’t want to give up on the overall goal by just letting the past month drop. You want to take the sales dollars you didn’t get and add them to your goal for the coming month. Now plan for how you are going to achieve that – and get going.