Featured Blog Posts – October 2016 Archive (21)

Happy Halloween! You Should be Scared to Death.

It’s not really black cats and witches on the streets this Halloween that you should fear: What about possible monopoly power in the hands of a few companies that could seriously hurt your dealership’s business this Halloween? And every day?

Now THAT trick is scary.

History can show us a clear parallel to how cartel, or monopoly, power may be…

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Added by Keith Shetterly on October 31, 2016 at 4:00pm — No Comments

Your C-R-M is a D-U-D!

Do you have a CRM? Did you know that, on average, most major CRMs only see usage of 25%?

Let that sit there for a minute. You pay 100% but you . . . use 25%.

Is it your fault? Maybe. Likely. Sure.

  • Your salespeople won’t use it.
  • And you won’t make them.

And so you pay 100% of the bill for 25% product…

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Added by Keith Shetterly on October 27, 2016 at 11:05am — No Comments

Do emotions play a part in the process?

Car Buying and Emotions, Part I

Women shop and buy cars for a number of reasons, but regardless of the reason, emotions are involved in every step. The emotional range can start with excitement about the prospects of a new car, to apprehension when signing papers, to frustration when taking a car in for service.

Why Emotions Matter

During the buying process, your customers will experience a range of emotions. You know this. It is important…

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Added by Anne Fleming on October 26, 2016 at 4:43pm — 4 Comments

Just a Gimmick? Or Are Giveaways Really Needed?

Do you shy away from giveaways and win-a-prize type mailers? If you’re like most dealers, you probably do. Giveaways are frowned upon for fear of attracting customers who are more interested in winning a prize than buying a car.



Customers come into your dealership daily. When asked if they need help, the normal response is: “No, I’m just looking.”…

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Added by Alexia E Henson on October 20, 2016 at 9:27am — No Comments

Using Content as a Sales Tool

Most companies view content marketing as a means to rank higher in search engines, establish thought leadership and engage with their audience. Content, such as newsletters and blogs distributed via email and social media channels, enables businesses to stay top-of-mind with clients and prospects. It can be used to educate existing customers and any prospects investigating a…

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Added by sara callahan on October 19, 2016 at 9:52am — No Comments

The Accountability Culture

We don't have an "accountability culture" in the car business, and we need one. Badly. For great examples why, just look at the sports we love that are so successful!

The NFL keeps stats on players that boggle the mind and produce hours and hours of ESPN commentary; basketball hinges on free throw percentages that can haunt a player’s (and team’s) season; and, from…

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Added by Keith Shetterly on October 19, 2016 at 5:30am — 11 Comments

More Data More Problems: 3 Big Data Problems & How to Solve Them

by David Metter

“Just because it can be counted, doesn’t mean it counts,” said Tom O’Regan, CEO of Madison Logic in a recent IAB study. “As you rise up the…

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Added by David Metter on October 17, 2016 at 3:00pm — No Comments

Which Car Features Will Men/Women Miss Most?

Remember when airbags were a feature? Heck, remember when side airbags and even mp3 players were a feature?

 

Those days are gone; at least on the Swapalease.com marketplace.

 

The national online car leasing marketplace has reviewed its complete inventory of vehicles and decided certain features of yesterday are so common today (or irrelevant) that it will no longer include them as a searchable check box for visitors and members. Here is the complete list of…

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Added by John Sternal on October 17, 2016 at 1:14pm — No Comments

The Accountability Culture: Rolex, Rolodex, and Process Wrecks

We lose sales every day because we have no Accountability Culture: We have lost accountability. To understand how that happened, and what to do about it, we have to look back.

We all romanticize the Rolex-wearing old-school salesman from “back in the day”: in the business for…

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Added by Keith Shetterly on October 15, 2016 at 5:00pm — No Comments

5 Emotional Intelligence Traits That Sell More Cars

One of the mysteries of the auto dealership world is…

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Added by Mike Poskey on October 15, 2016 at 8:00am — No Comments

Attribution: Whose Sale Is It Anyway?

In most dealerships a dispute inevitably arises between salespeople over a sold customer. Perhaps it’s because one salesperson initially assisted the customer and a second closed the deal and delivered the vehicle while the first was off for the day. And what happens when a customer visits multiple times and perhaps a third salesperson is involved?



Most…

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Added by Steve White on October 14, 2016 at 9:00am — No Comments

Manufacturers Cease Allowing Dealers to Brand Social Media Content – Huh?

I bet that title got your attention. Imagine a world where automotive manufacturers prohibited dealerships from producing and publishing video content of any vehicles during dealership sales events. That would seem a little ridiculous, right? Social media can produce great results and lead to sales. However, if the manufacturer mandated that dealers couldn’t publish that…

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Added by sara callahan on October 12, 2016 at 9:17am — No Comments

95% of Dealers Leave This Back Door Open

When you're busy working on your computer, what do you do when you see a little pop-up message notifying you that it's time to download an update? If you're like most people, you click on "Try Again Later," or "Try Tonight." You don't want to be bothered with having to download and install software updates.…

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Added by Erik Nachbahr, CISSP on October 11, 2016 at 11:54am — No Comments

Seven Tips for Promoting Community Involvement

You've probably heard the term "Doing good is good for business." Many studies support this statement. Companies that become involved in their communities and support good causes enjoy tangible benefits, including:

 

  • Increased employee engagement, morale and…
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Added by Mike Esposito on October 11, 2016 at 10:23am — No Comments

The Six ONLINE Steps On the Road to the Sale

The Internet has infiltrated your classic Road to the Sale—did you know that?  Think about it this way:  Would you let your salespeople lot-drop dozens of UPs without a turn?  Would you let them yell at, confuse, or manhandle your shoppers on the lot?  Or, worse yet, would you let them ignore your shoppers?

Your website does this EVERY DAY.  Take a second to ask…

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Added by Keith Shetterly on October 10, 2016 at 10:00pm — No Comments

Beat the Aftermarket and Keep Them in Your Store!

Have you stopped and considered how much money people are spending on their cars outside of the dealership? What if we could capture even a fraction of that number?

There’s a race going on between manufacturers to create the lowest maintenance vehicles. While this is great for customers, it’s…

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Added by Sally Whitesell on October 10, 2016 at 1:00pm — No Comments

Self-Imposed Limits

One of the common characteristics that I have noticed is how people impose limits on what they can do with their life. I recall a time when, I heard family members say regularly “I’ll never be anything but a blue-collar worker”. I have heard people say they will never be in management or they can’t do…

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Added by Rob Gehring on October 7, 2016 at 3:30pm — No Comments

Employee Retention: Why Are We Going Backwards?

A recent article in Automotive News reports that the three-year employee retention rate at dealerships reached a new low, dropping by 2%. In fact, the study showed that only 1/3 of sales consultants stay at a dealership for 3 years or longer. The…

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Added by Mike Gorun on October 6, 2016 at 10:14am — No Comments

Have you earned your bragging rights?

Does your dealership brag about your reputation? Do you constantly explore new ways to improve your interactions with customers and employees?

Brag Boards

Women rely on reviews 50% more than men and especially like reviews by other women. Reviews act as your 24 x 7 brag board by letting others hear the voice of…

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Added by Anne Fleming on October 5, 2016 at 6:48pm — No Comments

Sales Manager Staff Development Activities

Performing these regularly occurring sales manager activities will insure we are investing enough in our dealership’s most valuable appreciating assets – our people.

● Have a notepad when desking deals 

– Take notes for debriefing our sales associates, don’t rely on memory alone.

● Debrief each deal 

– During a deal is…

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Added by Michael D. Hargrove on October 5, 2016 at 11:16am — No Comments

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