Top ISMs of 3Q04 and Best Practices from AutoNation Cobalt Trainer

October 2004 Effective Online Automotive Sales   VOLUME 3 ISSUE 10  
INSIDE
Increase Your Close Rates by 4%
Phone-Ups, Walk-Ups, and Internet Prospects
Vehicles with the Highest Close Rates
Creating Money-Making Customer Emails
The AutoSuccess Best Practices Summit
Previously in the Dealix Dealer Newsletter
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Effective Online Automotive Sales
November 2004
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NEWS
Increase Your Close Rates by 4%
Industry Pros Discuss CRM and Lead Management Tools
by Kristen Stanton

“CRM” - customer relationship management - and “LMTs” - lead management tools -have evolved from being mere buzzwords in the auto industry to gaining a level of importance equivalent to having “electricity or a phone in a dealership” say industry experts David Kain, president of Kain Automotive, and David Shepherd, Internet Director. A solid CRM system, including the right technical tools to efficiently process Internet sales leads, is something no dealership can do without in today’s environment. A recent study by Dealix Business Intelligence found that dealers who use lead management tools have on average 4% higher close rates than dealers that do not.


[FULL STORY]
 
Phone-Ups, Walk-Ups, and Internet Prospects
Defining Your Internet Sale
by Cliff Banks

Dealerships today are grappling with how best to define the Internet customer. “It’s mine! No, it’s mine! I talked to them first!” This very well could be an argument that is happening in your dealership between the Internet department and sales department. Just how should an Internet sale be defined? As recently as a year ago, the answer was simple. Historically, all phone ups and walk-in traffic was the domain of the showroom, while the Internet department handled emails and purchase requests. But today, with approximately 65% of new-vehicle buyers using the Internet at some point during the shopping process, according to the latest J.D. Power and Associates Autoshopper.com survey, defining the Internet customer has become much more difficult.

 

You can also see this article in the October issue of Ward’s Dealer Business.


[FULL STORY]
 
Creating Money-Making Customer Emails
Part III – Promote Your Internet Department
by Eddie Coleman

In Part I of “Creating Money-Making Emails,” published in the August issue of the Dealix Dealer Newsletter, you got ideas for creating attention-grabbing email subject headings to get your prospects to read your message. In Part II, we took a look at the basics for drafting and editing the body of your emails. Now let’s take the content of your emails to another level. Beyond information on the vehicle your customer is interested in, you’re also selling another product – the Internet department itself and the experience you offer to your Internet customers. 


[FULL STORY]
 
The AutoSuccess Best Practices Summit
An Event for Dealers by Dealers - Nov. 11-12th, Las Vegas
by Dean L. Evans

We are in the midst of a rapidly changing automotive retail world. The average car dealer today is forced to look at newer and lower cost ways of selling cars, while at the same time, increasing the average per unit gross. The AutoSuccess Best Practices Summit is designed to bring to the table, in one event, some of the auto industry’s top dealers and opinion leaders to discuss marketing, e-commerce, CRM, leadership, and F&I. The goal of the event is to demonstrate tactical ways to assist dealers in making better margins while selling more cars. Top dealers and retail partners will team up to share best practices. Click Full Story to learn more, or to register for this event and get more information, call (877) 818 - 6620 or visit: http://www.autosuccess.biz/AutoSuccessSummit.pdf.


[FULL STORY]
 
Vehicles with the Highest Close Rates
The Hyundai Sonata Makes Waves

Last quarter, SUVs led all vehicle classes in terms of the highest close rates, but this quarter, the cars gained again, with sales closing at a higher rate than any other category. At the head of the pack was the Hyundai Sonata, which had the highest close rate of all vehicles in every category, beating the sure bet, the Honda Accord. This year, Korean vehicles have really hit their stride, gaining in popularity with online consumers and Internet dealers, who are having great success moving these cars.

[FULL STORY]
 

Previously in the Dealix Dealer Newsletter

September

ISM Compensation Plans

Creating Money-Making Customer Emails - Part II

Top Dealers of 2Q04


August

Maximize Your Close Rates - Part II

Creating Money-Making Customer Emails - Part I

Vehicles with the Highest Close Rates – 2Q04







 
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