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Mary Henige, General Motors Director of Social Media & Digital Communications

http://www.facebook.com/dealersynergy 

If you’ve read this blog for any length of time, you know I’ve been critical of many companies for not quite “getting” social media, in some cases not even by a long shot. But I can tell you after engaging in private discussions earlier this week with General Motors Director of Social Media Mary Henige as well as a public discussion I co-hosted yesterday on Blog Talk Radio with communications strategist and author Deirdre Breakenridge, GM most definitely “gets” social media far better than most.

Our thirty-minute, wide-ranging conversation yesterday on Blog Talk Radio was co-sponsored by LiquidPlanner.com and Ragan Communications. Henige, a 25 – year corporate communications veteran at GM and award-winning corporate communications professional, outlined the company’s approach to social media as it relates to both internal and external stakeholders. In doing so she stressed the importance of an empowering corporate culture that has provided the foundation for strong levels of internal communication. It’s that internal communication and collaboration that have been key to GM’s recent social media successes according to Henige.

“It’s not magic,” said Henige. “What we do in social media is a lot of hard work, it’s engagement, it’s building relationships and that’s something that people in corporate communications and media relations are particularly skilled at doing.”

What struck me as most interesting was the willingness and ability of Henige and her counterparts in marketing to take a collaborative approach to social media rather than one based on a turf-war mentality.

What’s even more interesting to me is the nature of that collaborative relationship. Indeed, one of the most important roles of the social media team led by Henige in relation to social media appears to be that of a trusted internal social media consulting center of excellence. According to Henige, ”Because we serve as a resource to our internal…colleagues, our expertise is sought after all the time.”

Citing GM’s sponsorship of the South by Southest Conference as an example, Henige stressed that the collaboration between GM corporate communications and various departments within the divisional brands like Chevrolet have been key to GM’s success.

“Increased collaboration is the way that you win…[Responsibility for social media - related initiatives] should be shared. If you really want to do [social media-related initiatives] well, you need to leverage the expertise of each team…We’ve made great progress this last year.”

Interestingly the collaboration has extended beyond the marketing and PR silos to also include increased teamwork between corporate communication and customer assistance. And the results there have been equally impressive.

As an example, Henige pointed out that her team was “able to help customer service reduce their lead time from about 24 hours based on when they were online down to about 90 minutes just because we were able to filter out so much of what they were seeing.”

We asked Henige to outline some of GM’s goals for social media and she explained that while the brands that fall under the GM umbrella were primarily concerned with goals related to lead generation, customer loyalty and ultimately sales, GM corporate’s first priority for the use of social media was enhancing the corporate reputation and regaining customers’ trust in the aftermath of GM’s bankruptcy.

She stressed that listening was a key component in these efforts.

“Listening is very important…We’re there and we’re still listening. And that has [also] given us a great way to collaborate among GM employees globally.”

Selim Bingol, GM’s VP of Global Communications
GM uses SocialCast as its internal enterprise collaboration application of choice and the user adoption rate has been solid with some 27,000 employees joining the internal community hosted by the web application in a single year, according to Henige. She says GM has also begun using the Town Hall feature set that Socialcast offers which has allowed managers within GM to hold Town Hall meetings online with GM employees to further enhance internal communication.

From a strategy perspective, the March 2010 appointment of Selim Bingol as GM’s new Vice President of Global Communications appears to have had a positive impact on the significant progress GM has made on the social front. According to Henige, Bingol, who recently started blogging at a new GM blog called BTW, stressed the importance of benchmarking GM’s social performance which prompted Henige’s team to undertake a gap analysis that helped to identify areas of strength as well as areas in need of improvement.

GM’s social media benchmark approach, its marketing and communications’ employees willingness to collaborate rather than compete internally, and its efforts to ensure that the GM story is communicated clearly, may together help to explain the company’s significantly improved reputation.

The recently released 2012 Harris Poll Reputation Quotient (RQ) study evaluates customer and other stakeholder perceptions of the 60 most visible companies in the country, across 20 attributes that are grouped into six dimensions of reputation:

Products & Services
Financial Performance
Workplace Environment
Social Responsibility
Vision & Leadership
Emotional Appeal
General Motors saw the greatest increase this past year among all 60 companies whose reputations are measured in the report, showing gains in every one of the six aforementioned dimensions of reputation.

Some other points of interest regarding GM’s social media – related initiatives:

GM’s FastLane blog began in 2001
GM sent out more than 1000 media releases last year
GM uses Google+ to distribute some of its news releases because of the ability to segment news releases according to blogger and media interests. Google+ also enables GM to add additional multimedia “color.”

SOURCE - http://vmrcommunications.com/blog/social-media-communications-strategy/internal-collaboration-is-the-way-to-win-with-social-media-says-gm-executive/ 

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In the early ‘90s an acquaintance received a new job assignment. He was to set up an outbound telemarketing department to sell off millions of dollars of off-lease computer equipment.

 

He assembled a team of “telemarketers” – accountants and administrative assistants from within the company. He sourced and obtained a prospect database. A sales and call management system – a CRM -- was evaluated and installed. In the meantime, caller phone-skills training got underway while he developed daily call goals and quarterly revenue quotas.

 

In the second year of its operation, this in-house effort generated $20 million for the company.

 

Do you see an application here to your business?

 

What’s your CRM doing for you?

Your CRM should be a money machine. A detailed plan for its use, operation, reporting and management is vital. Hold accountable every user in sales, service and F&I accountable for capturing customer data into it. Be sure these individuals use the CRM to stay in contact with their customers.

 

It should go without elaboration that daily CRM use for customer communication is important. However, to create a money machine from it put it in the hands of individuals capable of riding it hard.

 

Start your engines

The following steps are a guide to CRM profitability:

 

  1. Train internally or hire an individual to be your CRM specialist who likes speaking by phone. Their personality should project well to the listener.
  2. Establish specific calling goals and make them aggressive. Define specific calling objectives: mining customer data for equity-play customers; customers soon to come off lease; or, older vehicles you’d like returning to your service department.
  3. Ask your marketing person or agency to draft phone scripts. Scripts should detail key benefits and selling points for each call type. Train your specialist to use them to guide conversations.
  4. Include in these scripts a variation of the Road to the Sale. Craft the script so your specialist’s conversation brands your dealership.
  5. Determine your calling specifics. These include calling hours, call-out quotas and revenue expectations. Here’s a model: The number of dial-ups per day required to achieve X number of live calls X number of these calls that convert to X number of fruitful discussions = X number of sales opportunities. Decide to whom you will assign resulting live opportunities. This is the individual who will meet-and-greet the shopper when they come into the store.
  6. As management, track this activity to hold your specialist accountable for making the calls as required. Use these reports to monitor performance.
  7. Compensate based on the caller’s adherence to and meeting of the quotas and objectives. Add a spiff for every call resulting in an appointment set. Layer another spiff when the appointment shows (incentivizes proper appointment reinforcement efforts), and consider adding a percentage or flat commission when the appointment converts to sale.

These seven points provide a framework for turning your CRM into a true profit center. Truly, CRM application like this is a “numbers game,” which the right structure, the right objectives and the right specialist can turn into more “solds” on your lot and more ROs in your service department. 

Source - Automotive Digital Marketing (RePost)

http://www.automotivedigitalmarketing.com/profiles/blog/show?id=1970539%3ABlogPost%3A370558&xgs=1&xg_source=msg_share_post 

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I don't think it's a secret that millions of Americans own a smartphones. See here: There Will Be More Smartphones than Humans & here: Afraid of Losing Your Phone, You Might Have Nomophobia

To affirm this even further, the brilliant folks over at Nielsenwire conducted a study: "New U.S. Smartphone Growth by Age and Income." While their study has produced a plethora of paramount statistics, there are just a few I'd like to touch on and examine their importance in regards to your dealership's mobile marketing strategy.

  • In the 25-34 age group, Neilsenwire found that 66% own a smartphone. 
    • 8 out of 10 who purchased a new device in the last three months chose a smartphone over a traditional mobile phone.
  • Of the people who purchased a new device, more than half under sixty-five years of age specifically chose a smartphone. In other words, they're adapting to a new world. 

Neilsenwire also examined the relationship between income and age as it pertains to smartphone ownership.

  • Those aged 55-64, with an income over 100k/yr, are just as likely to own a smartphone as those in the 35-44 age bracket with a substantially lower income.

What does this mean?

It simply means that people in the age bracket 35-44 view a smartphone as a necessity even if they're making only 35k/yr, while older folks view a smartphone as luxury. If I can afford it, then I'll buy it.

What does this mean for YOUR dealership?

Believe it or not, it all falls back to ZMOT and winning that Zero Moment of Truth. Seems like everything leads back to ZMOT these days, huh? In all seriousness, given these statistics, now you know your demographic in regards to smartphone users. It's time to utilize this information to inform your marketing strategy in the coming year. Several dealerships have already adapted by creating their own mobile app or a mobile program. For instance:

  • "TEXT 12345" TO ABC MOTORS to receive specials to your smartphone"

Additionally, more and more people are purchasing smartphones, regardless of income. This is opening up a new avenue for you to reach your customers. If you're not adapting to this new, tech savvy world just like the 55-64 age group is, then you're going to be left in the dust.

Is your dealership implementing the proper strategy geared towards more mobile customers?



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KONY 2012 from INVISIBLE CHILDREN on Vimeo.

http://www.dealersynergy.com
If There is ANYONE who thinks Social Media is NOT Important, Valuable, Amazing, Useful, Needed - WATCH THIS VIDEO!

I was BLOWN away by this video!
If they can accomplish ALL of that... You can ALL leverage Social Media for your dealership(s).

*** PLEASE FORWARD THIS VIDEO TO EVERYONE YOU CAN!!

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Social Media: Demographic, Twitter, and ZMOT

A few weeks ago, I came across a study titled: "Social Media Data Stacks" sponsored by the folks over at Hubspot. Now, as a social media analyst, I thought it was worth taking a look at, since social media is always changing and evolving. Instead of boring you with each detail and statistic, I just want to touch on the few that caught my eye and how these stats can you help form and enhance your social media strategy. 

1) Females 18-34 are most active on social networking sites

This is marketing 101. You need to know your demographic. Who's navigating the social media universe? Well, according to this study, women are more active on Facebook, twitter. Not so much Google+, though. Regardless, if you've been posting content mostly directed towards men, then it's time to rethink your strategy. Now, this does not mean throw your entire strategy in the trash and start posting whatever appeals to women. Not exactly. It's a balance act. If you continue to ignore such a large demographic, chances are your social media efforts are going to fail. 

2) 29% of social media users seek purchase advice

This boils down to ZMOT. To the T. People have such an inventory of feedback and reviews today, it's almost comical. Before calling a dealership, people are GOING ONLINE to research a vehicle. This doesn't only include hitting up Google reviews or sites like Edmunds and MotorTrend. No, this entails logging into their social media sites (Facebook and Twitter) and asking their friends and followers for advice/help. 

"Hey guys, currently looking to replace my beat up car, can anybody recommend a fuel efficient sedan?"

Comments: "Can't go wrong with a Toyota Yaris" "Toyota? Buy American!" And, so forth. 

29%. You have to take into account this study was only for one month. People are going on social media and asking for purchase advice much, much more. So, this is where you come in. You need to be IN the conversation. You need to engage. Sounds simple enough, but the bottom line is: You need to be social. 

3) 50% Twitter users discuss TV Shows

This is where social plays a huge part as well. If you see a few tweets in your timeline discussing last night's episode of Glee or CSI, you're not going to tweet back "I missed it last night, but you know what you're missing? A brand new Ford Focus!!" No, that's just ridiculous. You join the conversation, you engage with them. They'll remember you trust me. 

Other Statistics that Interested Me:

-9 out of 10 parents seek friends, family

-7 out of 10 parents seek "LOLs"

-People are spending 53.5 billion minutes per month on Facebook

Overall, when it comes to developing and implementing a social media strategy, you must do the research. There's no getting around it. (Side note: I write fiction in my spare time. I'm not going to try to write about a secret spy without doing any research on espionage, now am I?) Anyway, once you know your demographic, you can start implementing your strategy and targeting your specific demographic. In the end, we must not forget to always keep one word in mind: SOCIAL! 

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Auto Dealers Build Trust by Personalizing Follow-Up Emails
http://www.drivingsales.com
http://www.dealersynergy.com
REPOST from DrivingSales.com Writen By Justin Braun. Auto dealers know the follow-up process is one of the most critical elements of lead conversion. This is especially true for leads generated through automotive live chat. To be successful in this business and build trust with consumers, dealers must follow-up with leads quickly and be precise and specific in their communication. For leads generated from automotive live chat, the chat transcript holds vital information about the prospect’s desires and how far along he or she is in the conversion funnel.

But, how can auto dealers be specific, personal and build trust in a timely manner?

Understandably, auto dealers hate to email out a price without first talking to someone. Dealers should simply focus on continuing to build the relationship with the prospective customer that was initiated by the live chat conversation while providing information that move the customer forward in the sales process.

In this blog, we analyze a real-life situation in which a dealer failed to follow-up appropriately with a chat lead. Then, we discuss appropriate and effective ways to follow-up with chat leads (and all Internet leads) so that they convert into sales and move forward in the sales process.

Below is an example of a failed follow-up process, straight from the chatter’s mouth…er, their fingers.

“Hello. Not too sure if you can answer my question. But how long does it usually take to get the bottom line price on a car? I originally inquired on 1.26.12 and then again yesterday. I have received the same auto reply/generic email thanking me for my interest.

Its okay. I just wanted to know if the manager would take the time to reply or if I should just forget about it and move on.”

Nothing is worse than spamming your leads with robotic, impersonal auto-replies. Something we stress to our auto dealer clients is to always be personal in your follow-up responses. As you can see from the last sentence of the chat, this ready-to-buy prospective customer has lost all trust is on the verge of giving up on the dealership.

So dealers, how would you salvage this situation and prevent it from happening in the future? Here are a few tips:

Send a personal email

A personal touch is all your prospects are looking for. It doesn’t have to be long – both you and the customer live busy lives – 3 to 5 sentences addressing the situation will salvage the sales process. Using the phrase, “My online sales assistant let me know you were interested in ______,” can be very effective. Fill in the blank and take it from there. Also, don’t forget to include a call to action. Never end an email with a statement! Conclude your email with a question to prompt a response.

Follow-up with relevant and specific information

Confirm special features/options on the vehicle ( something as simple as leather seats or advanced options like Bluetooth)
Confirm availability (and interior color and condition if it is pre/owned)
Send a pic of the actual vehicle and offer to send more
Give a bullet point of what the next steps are in the buying process
Explain advantage of buying from you
Remind the prospect of what is needed for the test drive( license, and whatever else they may want)
Provide info on what services or reconditioning on the pre-owned vehicle has been done

Read what is given to you

Read the chat transcript, form lead or any other consumer insights you have. Know what the customer wants and give it to them. It’s that easy! Remember that the chat conversation has already developed a relationship between your dealership and the prospective customer. An impersonal auto-response removes the customer entirely from the sales process and ruins your rapport.

By acting as an advocate in the follow-up process, auto dealers can provide consumers with information and then ask questions to assist them in moving forward through the sales process. Keep in mind that consumers don’t buy a car every day, week, month or year. Every “inside” tip you give prospects builds upon the trust already established by the live chat conversation.

Remember, the leads received through automotive live chat are a product of a two-way conversation. A template email saying thanks for your interest just stalls customers and erodes any trust built during a live chat conversation.

Remember, the leads received through automotive live chat are a product of a two-way conversation.

In addition to these tips, ActivEngage CEO Todd Smith offers additional advice that will not only help ensure auto dealers successfully transform chat conversations into leads, but will help them stand out in the marketplace during the critical follow-up process.

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The Small Business Social Media Cheat Sheet

The Small Business Social Media Cheat Sheet


The Small Business Social Media Cheat Sheet
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Sean V is paying me!!!!

 

 My name is Robert Wiesman, a true front line automotive sales professional. I have roughly about a year and a half in this business and if want to be a six figure player YOU NEED TO INVEST AND TREAT THIS LIKE YOUR OWN business!! I can not stress that enough! Everybody knows it, everybody says it, but hardly any one really does it! I do!!

 

Invest in yourself

1. Look good

2. Drive what you sell

3.Training materials, role play everyday and when you get home with your signifigant other, buy any books, audio, dvd and virtual training you can get your hands on, Derek Jeter hits the batting cage daily, if you are a pro you should as well.

4.Dominate social media, custom pages, solid informative content. You can not post too much.

5. Brand yourself. Look at www.robertwiesman.com. Build yourself as a brand and keep it in front of people.(Not going to give away all my secrets.

6. Your own website. Make yourself stand out to your clients as a true professional. 'Before we get together sir take a moment and check out my web page to learn a little more about the services I provide. Helps with credibilty. Keep it posted consistently with strong information that will make it a resource for car buyers.

7.YouTube Channel. Consistently record informative videos that give great information on one of life's biggest accomplishments buying a new car. Service tips, specials, up keep, performance, etc.

8.Prospecting tools. Keep your name in front of as many people as possible. Stickers with your information on them in the door jams and gas cap, pens of course drop them off at every bar, restaurant, etc. magnets for the refridgerator, insurance/registration card holders with your information on it, referral cards with your bird dog program on it,brochure with your information and a brief desription of the services you provide. I use many more and I am determined to stay on every ones mind and stay in front of as many people as I possibly can.

9.Marketing. Treat yourself like you are the dealer. Utilize SEO, VSEO, old school but effective is ads in local magazines ad newspapers. Radio is still solid but what is even better is being a guest on a local talk radio show as an "auto expert". I can not stress how important it is to brand yourself and keep your name buzzing and on the tip of everyones tongue. I am not going to give you all my creative ideas.

10. Technology. Maximize and utilize all this amazing technology. The iPhone and iPad have some great tools to run your business more efficently. This is 2012 baby it's time you joined us!

 

There are many other ways to invest in yourself and YOUR business. It really is your business so why would you even think for one second you do not need to invest in it? Treat you as if you are the dealer, the entity. Become a house hold brand, that is a automotive professional that geniunely cares about others vehicle needs.

The few ideas I listed above will plant many seeds and if done on a consistent basis will turn into many many deals that come to the showroom asking for YOU!!!!

Put your money where your mouth is!

www.robertwiesman.com

 

Robert Wiesman

717-816-9313

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Nissan Is Gaining Social Media Steam

Automakers have seen the benefits that social media can have on its brands, and as a result, are spending more time (and money) cultivating a presence on these online channels. And this effort is paying off – especially for Nissan. Nissan North America has been interacting with fans of its brands through social media and building a loyal brand following.

Nissan is seeing increased fan interaction on the big three social media venues: Twitter, Facebook and YouTube. Nissan ranked #8 on list of Top 15 Brands on Twitter for 2011 (as indexed by HootSuite), joining other famous brands such as Apple and Nike. Boasting more than 75,000 Twitter followers across various Nissan brand accounts, the automaker is following the lead of automakers that like to tweet. Take Lexus – the luxury brand is rated the most active tweeter when it comes to automakers, conversing with 288,000 followers… not too shabby.

Nissan is also making great strides with its Facebook account. The company has passed the 500,000 likes count, thanks it part to the all-new Pathfinder Concept reveal that can be accessed by liking Nissan’s Facebook page. Nissan still has a way to go before catching up with BMW’s Facebook page, which boasts over 7,000,000 fans.

Considering how popular online videos are, it’s no surprise that Nissan is having increased success onYouTube. The Nissan channel views have jumped to 10,000,000, thanks to frequent and updated video content.

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Have a Bumble Bee Attitude!

Someone once told me that most aeronautical engineers will tell you that there is no possible way the bumblebee can fly. His wingspan isn’t broad enough, he is too heavy and his body build makes it impossible for him to fly. Fortunately, the bumblebee doesn’t understand aeronautics, so he just goes along and flies anyway!

Decide to have a “bumblebee attitude” and just fly anyway! All of the good this world has to offer is on your side. Fight to be the best you, you can be! Fight to reach success! Fight to make it big in every area of life! Despise second best! Despise the fear of failure and rejection and live your life to the max! Don’t listen to the naysayer’s and critics. Don’t listen to the media, the economy and the news. Have a bumblebee attitude and fly anyway! 

 “Success means doing the best we can with what we have. Success is the doing, not the getting; in the trying, not the triumph. Success is a personal standard, reaching for the highest that is in us, becoming all that we can be.”

- Zig Ziglar

Do Your Best Today!

When we do the best we can, where we are, with what we have now, we will live in success! So many people hold back and save their best for later. They wait for a reunion, an occasion, an event, a specific job, an important person with a special title or even a stranger before they show off everything they know and can do. The difference between “The Average Joes” and “The Pros” in sports, business and in every area of life is the discipline to do your best in your field every day.

Think like a champion!

Champions are people with a poorly developed sense of fear and no concept of the odds against them. They are a bit unrealistic in how they see life, as they don’t reason with reality. They make the impossible happen and never considered it impossible.”

- Grant Cardone

So many times we can get hung up on focusing on the things we don’t have, rather than on the things we do have. We think we need more equipment, more programs, more incentives, more people, more training and more money to be our best. Now, don’t misunderstand me; more equipment, more programs, more incentives, more training and more money is good and will add value to our lives, helping us become and release our best. However, if we are not maximizing what we have in our ability, in the areas of the influence and equipment we have now, we won’t when we get more, either. Use what you have now. Sharpen your skills you have now. Master your craft! Practice doing your best and when it comes time for “Game Day,” you’ll perform your best.

“Don’t be afraid to give your best to what seemingly are hard jobs. Every time you conquer one it makes you that much stronger. If you do the little jobs well, the bigger ones tend to take care of themselves.”

-          Dale Carnegie

Give your best in every matter, both small and large, and you will experience the best each matter has to offer. Give your best now! Don’t wait until later or tomorrow. Start where you are now. Don’t let circumstances, people or excuses hold you back from giving your best. If it’s in your power to do it now, don’t wait until tomorrow.

So don’t worry about tomorrow, for tomorrow will bring its own worries. Today’s trouble is enough for today.”

- Matthew 6:34 (New Living Translation Bible)

Don’t Wait Till Tomorrow!

Tomorrow has enough worries, problems and situations of it’s own. Why add more on top of it to make things even more difficult to deal with. Deal with it today! I once heard someone say that today is a gift, and that’s why it’s called “the present.” We need to open up our today with the same excitement, attitude and efforts as if it really is a present. We are alive today. Today, we can make a change. Today is always the best time to deal with ourselves. Today!

One of the biggest problems that face our today is our worry about tomorrow. Worry is one of the greatest issues that paralyze people, keeping them from moving into the greatness for which they have been created. I once heard someone say, “I don’t worry about the things I can change, because I can change them. I don’t worry about the things I can’t change, because I can’t change them. Therefore, I just don’t worry.” This is probably the most liberating statement I have ever heard! Stop and think about the truth of that statement! How many times have you changed the situations you were going through by worrying about them day and night? And if they did change from you worrying about them, they probably changed for the worse! Someone once said, “Worry is like a rocking chair — it gives you something to do, but it doesn’t get you anywhere.”

Share your best with the world today, have a bumblebee attitude, don’t worry about tomorrow and, no matter what happens, you will be an Ultimate Success!

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Got Bad Credit?

Got Bad Credit?

Have you ever heard this before? “Treat people the way you would want to be treated?” Otherwise known as the Golden Rule. Maybe you heard this one; “All people are created equal,” which just so happens to be mentioned by Thomas Jefferson over 2 centuries ago. But these statements are still not enforced 100% of the time in our Dealerships. The problem is that in today’s society and business we continue to do the same things over and over again expecting a different result, sometimes referred to as insanity.

Check out this scenario, (true story) I ask a sales consultant why his sales this month are off, and he responds like the average sales person, “got too much bad credit.” Well I guess he was unaware that West Tennessee and Memphis has been known in the past as the “bankruptcy capital of the world.” The problem here is not the bad credit, the problem here is the sales consultants mind set about a customer with challenged credit. I decided to watch this sales consultant closer, I needed to understand the sales consultants process with challenged credit customers before I could analyze the true problem. After 5 minutes here was my conclusion:

 

  1. The meet and greet was weak, he saw that the customer had a ‘98 Clunker and immediately brought the customer in for a quick 5-Liner (quick credit application in non-sales terms)
  2. Asked the customer how much money they have for a down payment.
  3. Let the customer go with no Manager T.O. before telling the customer to leave because their pockets were empty. Wow.

 

But who is to blame here, has the store created a culture to treat all customers the same? Does the sales consultant really understand the process with challenged credit customers? Here is what we do know, the sales consultant already thought in his mind that this customer has bad credit and that he would not sell them a car. The sales person treated them is if they were not important, almost as if that people with challenged credit are not allowed at this dealership unless they fit the banks guidelines. Would this sales consultant have treated his grandmother the same way? Would this sales person have treated a customer that stepped out of 2008 BMW 7 Series with business attire the same way? My guess is probably not, I would guess that the red carpet would have been rolled out for both.

 

Would you like to know how to sell more cars to people with challenged credit? Follow these easy steps:

  1. Treat the customer as if they had just won the lottery. Roll out the Red Carpet. Make the customer feel as if they are the first customer you have ever worked with, almost as if it is your first day on the job. Thank the customer a minimum of 2 times while doing the meet and greet. Something like this, “Before we get started, ABC Motors and myself would like to thank you for coming in today. We know that you have many choices when it comes to choosing a dealership, and I appreciate you for giving us an opportunity.
  2. Perform a proper need analysis with the customer. Find out they are trying to accomplish by coming into the dealership. What is most important to them? You need to earn there trust here. Explain the process and the proper steps that need to be taken before submitting there information to a lender.
  3. Select a Vehicle that fits within their guidelines.
  4. Provide them a world-class presentation and demonstration.

 

I will not go through all the steps here, but what I can tell you is that if you perform these first 5 steps on a challenged credit customer the way you would on a customer with an 800+ beacon, the results will be immeasurable. Here is why, regardless if you sell this customer or not, they will tell more people about there experience with you than a customer with excellent credit because typically an excellent credit customer gets the red carpet rolled out 99% of the time. The same with challenged credit customers, they typically get treated poorly the same way at every dealership. Statistics show that when a customer purchases a vehicle someone else in the household or family tree is looking to purchase a car within the next 90-120 days. Well I say the same statement would be made for people that visit a dealership and do not purchase, they know someone in the family, friend, or co-worker that is looking within the next 3 months.

 

            For example, a customer recently visited our website and submitted an online credit application. Immediately we emailed the customer and then followed up with a phone call. We first thanked the customer for the opportunity, performed a need analysis, explained our dealerships value package, and sold the appointment. Down payment and any other financial questions are not to be mentioned over the phone to our customers. This customer received a confirmation number and came in to meet with me directly. I thanked the customer and performed the steps listed above and assigned the proper “Product Specialists” to go over the features of this vehicle. In short, we were unable to obtain financing for this customer, but she was so enthused about the visit that she referred 2 people to us within 48 hours because of the great experience she received. We sold one of them and the other is still a working prospect. She also just so happens to be employed at the local Y.M.C.A. so as you can imagine she interacts with hundreds upon hundreds of people everyday. She continues to send us business and we continue to work on getting her a vehicle. All this because the Red Carpet was rolled out and we treated her differently than our competition.

           

Do you have bad credit? Want to sell more customers with challenged credit? Start with the most basic thing, treat the customers the way you would want to be treated and the rest will take care of itself. All customers are created equal.

 

Durran Cage

Internet Sales Director

Alan Vines Automotive

 

 

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