That Pesky Groupon Model Surfaces for Auto Sales . . .

Here we finally have a car dealership using Groupon for CAR DISCOUNTS (Cadillac and Groupon).  People can purchase an amount off the car later for buying a coupon for a lesser amount now.

 

I tried to get four separate dealers to try this last year. I'll get the same push-back here, perhaps, as I did from them, but this guy quoted in the article gets it:  It's not a coupon, it's ADVERTISING.

 

$199 buys you $500 off a car purchased this year.  The customer commits to buying from you by spending money NOW, and you apply this as an advertising expense.  Really, how much do most of you spend now per vechicle to get the phone to ring, leads/emails to come in, and to get walk-in traffic?

 

It's going just like pricing did:  We used to hold all the cards for brochures and price, and some of us played games in the newspaper.  Nowadays, if you're asked a price in a lead, you answer with a price (as well with calls to action and enticements, but you send a price).  THAT began when the first dealer sent a price and got business when others did not.  It will be the same here, if this works out, and I think it will.  It's just the first.

 

by Keith Shetterly, keithshetterly@gmail.com
www.keithshetterly.com
Copyright 2011, All Rights Reserved. 

Views: 25

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

Comment by Marsh Buice on July 14, 2011 at 12:16pm

Keith, we did this a few months ago with Bargain Bee (a local version of Groupon). We did 20 for an extra 500 for your trade. It caused quite a stir, Bargain Bee did it reluctantly-no one had ever done it before. We only sold one, but we will try it again. You are right it is advertising-nothing more. I love the idea. All dealers need to read this-it is a novel idea.

Great share brother

© 2024   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service