Internet Sales Increase Dealer Groups' Profit Margins

April 2004 Effective Online Automotive Sales   VOLUME 3 ISSUE 4  
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CONTENTS
Internet Sales Increase Dealer Groups' Profits
How Internet Ready Is Your Dealership?
Winning Strategies from a Rising Star
Maximize Your Internet Gross
Ward’s Ranks Industry’s Top 100 e-Dealers
Metro Areas with the Fastest Closing Times
Previously in the Dealix Dealer Newsletter:
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Metro Areas with the Fastest Closing Times
From Lead to Sale in Two Weeks

How long does it take the best dealers to close their Internet sales leads?  Houston, Galveston, Philadelphia, Wilmington, and Atlantic City, dealers will tell you it takes less than two weeks.  While most Internet dealers recognize the value of communicating with their leads’ over the course of months, most know the best of all worlds is to close them when they’re fresh.  The fact that dealers in diverse American cities are closing their leads within a two-week time period speaks volumes for the readiness of Internet customers to buy, as well as the improving skill sets of Internet dealers acting on that interest.  The only dealers missing from this list are those from the heartland.  If dealers on the fringes of the U.S. can do it, why not the Midwestern dealers?


 

Metro Areas with the Fastest Closing Times Index

Rank

Metro Area

Average Closing Time in Days

  1

Houston-Galveston, TX

12

  2

Philadelphia-Wilmington-Atlantic City, PA-DE-NJ

12

  3

Boston-Worcester-Lawrence, MA

13

  4

Miami-Fort Lauderdale, FL

13

  5

San Francisco-Oakland-San Jose, CA

13

  6

Dallas-Fort Worth, TX

14

  7

Los Angeles-Riverside-Orange County, CA

14

  8

Portland-Salem, OR

14

  9

Seattle-Tacoma- Bremerton, WA

14

 10 

Washington DC-Baltimore, MD

14

 

 

 

The Metro Areas with the Fastest Closing Times Index is comprised of the average times it takes dealers in the major metro areas of the U.S. to close their Internet sales leads.  Results are derived from in person phone surveys conducted over the last quarter of 2003. The closing time period begins on the day the dealer receives the lead and ends on the day the consumer says he or she bought the vehicle.  The smallest sample size was 80 surveys.  This study was conducted by Dealix Business Intelligence.

 

Kristen M. Stanton is the marketing manager for Dealix Corporation.
Prasad Wagle is the data analysis engineer for Dealix Corporation.


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