As of 2012 Generation Y accounts for 40% of the car buying public, yet traditional methods of advertising don't reach them. Don't miss out on this growing and often ignored market.
They’re young, they’re social and they’re totally in love with the internet. In fact, research tells us that they often value social media access more highly than money when it comes to jobs, and if given the choice between having internet access or a car, many of them would opt for the internet! Deloitte’s annual survey of automotive attitudes among the younger set gives us a fascinating glimpse of their opinions, which shift in each snapshot. In the responses to the 2011 survey Gen Y shows more excitement about car-buying than previous generations, with 82% excited about the experience, but they only want to visit a dealership for a test drive, preferring to do their research and communication online. Given this radical reordering of priorities, what can your dealership do to create a strong relationship? Here's where and how you can connect with this powerful cohort:
Generation Y is quirky. They do more research than older generations and they’d prefer to stay out of the dealership as much as possible. Connecting with them takes a different approach, but they want and need cars just like everyone else. Meet them on their ground, virtual though it may be, and you’ll win a huge set of loyal new customers.
Comment
Yes you described me...
Katie. The Gen-Yers may be a quirky bunch, but the dealers need to listen up because this group has a great amount of influence in this new social world.
As a Gen-Y, I mostly agree with this. We are a quirky bunch. We don't feel like going to dealerships and sitting around. We'd rather connect with someone who can communicate what we need, and all of the info necessary for a smooth purchase. Plus, the second we're offended, we turn to Social Media to complain, haha.
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