EGC’s Automotive Marketing Team has a solid foundation in automotive marketing, with experience in advertising, marketing and digital, enabling car dealers and dealer groups to break through the clutter.
At that moment the deal became what is known a “split deal,” which means that my friend and I would have to split the commission 50/50. Well, this young man was a tough negotiator, and it took us something like four hours total to close him. And we lost our butts on the deal. We sold the car for less than we had in it, because it had been on the lot for nearly 60 days and we were just about to send it to auction, which would have meant taking an even bigger loss.
No two customers are exactly alike. Your success rate will grow exponentially if you are able to adapt to different personality types and unfamiliar situations. Adaptability is also the road to building customer loyalty and attracting repeat buyers.
So here we are in the first week of 2017. It’s a new year and I’m betting a lot of people are planning on buying a new (or used) car sometime in the coming year. Think you’re ready for some good, old-fashioned fender tradin’? Lookin’ at “figgers?” Crunchin’ numbers? Countin’ squirrels? Whatever you call it, you know what I mean. Negotiating.
You are well connected. A buddy of mine works in a exotic car dealership in California. His parents own about half the city in real estate, and he is super well connected. I would say he earns somewhere in the nieghborhood of 250k a year.
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 heck.) “Tell me,” she asked, “have you driven one of these?”
Selling Vehicles with Online Auctions: Selling vehicles online provides you with more potential customers than almost any other source. And online auction sites such as eBay are no exception. Most vehicles you place on an auction will generate potential buyers from across the country. And the best part is that most vehicles are sold in 7 days or less! We will show you the format to use, which options to select (and avoid,) as well as how to add video to your listing, to ensure a bidding frenzy for your auctions.
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.
Hi there, you seem very intelligent on what you are preaching so I had a few questions for you about being a car salesman. I’m 20 years old and college now planning on getting a bachelors in business, but I want to be a car salesman, I love cars so much!!…
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.
“I started 19 years ago with one dealership, and we advertised on the radio to reach people as far away as we could,” Folsom says. “Now I have five dealerships, and radio is still working for us. I just want people to come see me. When they get here, I have to treat them right and do what I promised them in my ads.”
Lease returns are pushing used car values down and presenting exceptional values for price-conscious buyers. These buyers are not just poor-credit buyers either. Prime-credit used car consumers have risen to 55% of the market, up from 49% a decade ago per Experian.
Sales managers play a big part in your success at the dealership. If you haven’t built any relationship with them and they decide they don’t like you they can starve you of deals and leave you empty handed, or give you such insufficient help that you eventually quit.
(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.
29. Leasing a recent model used car is often possible, and can be a fantastic idea since it’s a newer car for less money. If you’re shopping at a new-car dealership, ask the sales staff if it also leases used cars.
It varies. Specialty cars, like an Evo, are enthusiast ONLY cars. They usually know more than the sales people. In fact, I’ve seen on more than one occaision, a sales person get completely schooled by an enthusiast and blow the sale. With that being said, Evos dont’ get test drives. Sorry. It has a 1000km break-in period, and we’re not fucking with that engine. You know what you’re getting with that car, and it is… AWESOME.