Strategies for Achieving the Highest Close Rates

February 2004 Effective Online Automotive Sales   VOLUME 3 ISSUE 2  
HOME
CONTENTS
NADA 2004 – CRM Takes the Next Step
Interview with BDC Manager David Palmer
Introducing the Dealer Advisor Column
FTC Safeguards Rule Tele-Seminar
Where Will You Rank?
Survey Results
Highest Contact Rates by Franchise
SUBSCRIBE

Subscribe to the Dealix Dealer Newsletter. Enter your e-mail address in the box below and we'll add you to the list:


Add Remove
 

Highest Contact Rates by Franchise
Lexus Comes out on Top

Last month we looked at the percentage of Internet customers in the major metro areas that actually get contacted by a dealer.  Obviously, contacting prospects is the most critical step for dealers to close Internet sales. Remarkably, however, many dealers are still not following up with their Internet leads.  In Kevin Root’s workshop at NADA, he suggested the easiest way for dealers to double sales: contact your customers! As Root mentioned, according to J.D. Power and Associates, on average dealers contact their Internet prospects only half the time, or roughly 54%!  If sales is the ultimate numbers game, it’s a wonder why so many dealers don't increase their odds by consistently following up with every Internet prospect.   

 

This month we took a look at dealer contact rates again, however, this time we looked at contact rates by vehicle franchise.  Lexus dealers, famous for their best-in-class customer service, ranked the highest - at 80% contact rates.  Other luxury brands, like Acura and Mercedes-Benz also ranked highly, along with Honda. 


Rank

 Make

Contact Rate

1

Lexus

80%

2

Acura

79%

3

Honda

78%

4

Mercedes-Benz

75%

5

Volvo

75%

6

Toyota

74%

7

Subaru

73%

8

Mazda

71%

9

Hyundai

71%

10

BMW & Ford

70%


 

Franchise contact rates were derived from phone surveys to Internet prospects asking whether or not they were contacted by a dealer after submitting an Internet lead. The smallest sample size was 100 surveys for a franchise.

 

 

 

 


[PRINTER FRIENDLY VERSION]
Published by Dealix Corporation
Copyright © 2004 Dealix Corporation. All rights reserved.
The Dealix Dealer Newsletter is sent to Dealix members and anyone who has expressed interest in our services. To unsubscribe, enter your e-mail address in the subscription box appearing within the newsletter and choose the Remove option. Or, just click one of the links below.
TELL A FRIEND