Don’t get caught up in the post-holiday blues! You’re definitely not alone.
We all know that January can be a slow sales month for just about any business. It can be easy to get discouraged and anxious when you're not pacing to meet your monthly sales goal.
There are so many ways you can boost your sales without increasing your ad budget, and I’ll start off by saying that social media is going to be your best friend! Social media is a great way to start…
ContinueAdded by Paul Potratz on January 6, 2017 at 4:52pm — No Comments
Chapter 4: What to See in the City
It’s almost time for NADA100, and that means we’re all about to get a little taste of New Orleans! It’s a city that’s rich in history, fun, food, and nightlife, so it’s tough to know where to start. To help you out, I did a little digging, talked to some friends in the know—and, of course, vetted some places…
ContinueAdded by Joseph Little on January 6, 2017 at 12:51pm — No Comments
One of our favorite shoe sanitizers is the SteriShoe. The SteriShoe is the first product on the market that can safely and effectively sanitize the insides of your shoes using a germicidal ultraviolet light.
This is especially useful for those who may suffer from chronic athlete’s foot, nail fungus, chronic foot odor, chronic shoe odor and people who are…
ContinueAdded by J Miles on January 6, 2017 at 11:35am — No Comments
As we make our New Year’s resolutions and reflect on 2016, which was a less than perfect year for our industry, filled with recalls and declining consumer confidence due to lack of parts availability to quickly fix these recalls, I thought it may be a good time to look ahead to 2017. In that spirit, I’d like to offer some simple tips that can help improve the service…
ContinueAdded by Chris Miller on January 6, 2017 at 10:05am — No Comments
Today, the Big 3 automakers account for only 44% of the market – a 26% decline from 2 and a half decades ago. In this short amount of time, consumer loyalty is no longer within reach, as the average customer retention rate across the industry has sunk below 50%. This amounts to dealers losing more than half of their customers each year.
Why the sharp…
ContinueAdded by Doug Van Sach on January 6, 2017 at 9:25am — 1 Comment
Today’s customer will scrutinize every aspect of their customer service experience in your store. We don’t just make buying decisions based on necessity; we buy things that make us feel and look good. We buy things our friends have had a good experience with or that have high ratings and reviews. We want the best service and products we can afford and we want…
ContinueAdded by Sally Whitesell on January 5, 2017 at 7:26pm — 5 Comments
It's easy to make a compelling argument that franchise auto dealers are at significant risk of going through a serious downturn, very similar to big box retailers like Macy's, J.C. Penny, Sears and even Nordstrom. Nordstrom is known for its exemplary customer service, liberal return policy and in-store amenities. The company also prides itself on selling apparel that buyers see as unique, fashionable and worth a premium price. Nordstrom's floor traffic is down, causing serious…
ContinueAdded by Ken Hite on January 5, 2017 at 4:17pm — 2 Comments
Cybersecurity is more than just a buzzword that's hanging over from the election. This issue is a real threat to every small business, including dealerships. You may think your network is protected with a firewall and anti-virus software, but that won't stop sophisticated hackers from gaining access to your emails, your data, your customer records…
ContinueAdded by Erik Nachbahr, CISSP on January 5, 2017 at 12:38pm — No Comments
One of my core beliefs is that life is a process. Even at times people don’t believe they have a process, they do it’s just a bad one. Well hidden in the path to success is a process also, that we want to look at with more detail today.
I’ve noticed countless times individuals with great talent and ability that don’t perform well on a daily basis. Their…
ContinueAdded by Rob Gehring on January 5, 2017 at 11:39am — No Comments
WEAK LEADS
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You say there's No Such Thing as Weak Leads. Sounds good! BUT, actually there is such a thing as "Weak Leads".
Leads from Lead Providers have a known probability of closing. Some leads close at 3% and other leads have a probability of up to 18%, and the lead providers know which are which.
First of all some leads are generated from such low close sources as enter to win a free car while others are generated…
Added by James A. Ziegler on January 5, 2017 at 10:30am — 7 Comments
“I know we are bad on the phone but I never seem to get around to fixing the problem.”
Catch 22 (noun)
1. a dilemma or difficult circumstance from which there is no escape because of mutually conflicting or dependent conditions.
LET'S BEGIN
The first in our series on the dire need in the car business for telephone sales training.
Traditionally telephone sales…
ContinueAdded by Chuck McGraw on January 5, 2017 at 8:00am — 11 Comments
Remember those days when customers would come in to the dealership saying “Well Kelley Blue Book is saying my trade in is worth $xxx” after you opened them up at $2,000 below that KBB figure? Sure you do. You cannot forget how many times you wanted to say “No problem. Call …
ContinueAdded by Stan Sher on January 5, 2017 at 4:03am — No Comments
According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -2.4% in December. Cars overall saw depreciation of –2.7% versus trucks, which saw –2.3% depreciation. All vehicles are averaging a 12-month depreciation change of –17.3%.
In December, Compact Vans saw the largest drop in value at –6.1% on the month, the largest single-month drop of any segment over the last twelve months. Vehicles in this category include the Ford Transit…
ContinueAdded by Black Book on January 4, 2017 at 1:56pm — No Comments
When looking at the future of the auto industry, specifically retail, it’s easy to get caught up in the “shiny objects” and focus on all the cool technology such as autonomous cars, ride-sharing, virtual reality sales, and all of the “disruptors” that are entering the space.
This can serve as a bit of a distraction and, as a result, many tend to stop thinking…
Added by Ujj Nath on January 3, 2017 at 9:09am — No Comments
The customer experience at your dealership is more important than ever before. With start-ups aiming to take away sales by luring customers with promises of a hassle-free buying experience, customers are starting to realize that they no longer have to sit at a dealership for hours. In fact Amazon France just sold a car…
ContinueAdded by Mike Gorun on January 3, 2017 at 8:30am — No Comments
January 1, 2017 — The Mar-Kee Group announced that 10-time National Automotive Dealers Association speaker and President of the Mar-Kee Group, David Martin, will present a sales training workshop, “Marketing Opens the Door: Closing Seals the Deal” at the 2017 NADA Conference & Expo.
"Yesterday's closing techniques will no longer work with the tech savvy buyers,…
ContinueAdded by Richard Keeney on January 2, 2017 at 10:30am — No Comments
Added by Kyle Disher on January 2, 2017 at 9:57am — 5 Comments
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