Best Practices for Selling Used Vehicles Online and Top Dealers of Q1

June 2005 Effective Online Automotive Sales   VOLUME 4 ISSUE 6  
 

 
INSIDE
Customizing Your Leads for Higher Close Rates
Increase Your Pre-Owned Profits
Selling Used Cars Online
Rounding Out Your Marketing Mix with 3rd-Party Leads
Top Internet Dealers of 1Q05
How Many More Buyers Are in Your Market?
Industry Reminders
Previously in the Dealix Dealer Newsletter
New and Improved On-Demand Lead Estimator
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NEWS
Customizing Your Leads for Higher Close Rates
Optimize Your Market and Your Team’s Resources
by Dean L. Evans

When it comes to your Internet leads program, don’t stop at getting good quality leads. You should be able to fine tune your leads program in specific ways that enable you to crank up your sales a notch, while keeping your cost per vehicle sold low, and your team’s morale high.  This article will show you how you can tailor the leads you get to maximize your productivity.

 

Part One of this article will also be published in the July issue of Dealer Marketing Magazine, which focuses on Internet marketing.


[FULL STORY]
 
Increase Your Pre-Owned Profits
Part one: Current Market Opportunities
by Kevin Root

It’s no secret that used cars are a bankable source of new dealership profits. Since 1999, used car sales have consistently represented close to 30 percent of the average dealership’s sales [Source: NADA® Data 2005]. But there are two powerful market forces on the rise that will change the used car market considerably over the next five years and push those numbers even higher for smart dealers: 1 - The “Generation Y” demographic (or the baby boomer’s baby boom) and 2 - Steadily rising Internet usage among used car buyers. Dealers who are aware of the market opportunities these two forces are already creating can adjust their marketing strategies in time to ride a very profitable wave.

 

Look for Part II of this article in the July issue of the Dealix Dealer Newsletter.


[FULL STORY]
 
Selling Used Cars Online
Industry Expert Shares His "Hook"
by Gilbert A. Chavez

At NADA this year, I ran into a dealer friend of mine whom I had not seen in a long time.  The first thing he said was, “How did you sell all those used cars online?”  There was no - “Hello”.  No - “How ya doing?” Just boom – “How did you sell all those used cars online?”  The fact is, the majority of dealers I talk to have a difficult time selling used cars on the Web; most have the preconceived notion that the Web is only good for selling new vehicles.  In this article, I will give you tactical ideas for properly marketing your used cars online, and how to use the right hook to win over your prospects and close the deal.


[FULL STORY]
 
Rounding Out Your Marketing Mix with 3rd-Party Leads
Get More In-Market Customers into Your Showroom
by Corey Isbell

Even if you’re successfully capturing prospects through your dealership or OEM’s website, third-party lead providers can help extend your overall reach, putting even more in-market customers into your showroom. And it’s no wonder, considering all of the powerful search tools that websites provide, coupled with the Internet’s unique edge over print media in terms of the sheer quantity of up-to-date information it puts at users’ fingertips.

Look for this article in the June issue of Dealer Marketing Magazine. Visit www.dealermark.com/


[FULL STORY]
 
Top Internet Dealers of 1Q05
Interview with #1 Internet Director, Phil Kwiek

For the first quarter of 2005, it was great to see some familiar faces in the ranking of the Top Internet Dealers by close rate.  There were also a few new dealers on the list, of which two broke into the #1 spots for their regions.


[FULL STORY]
 
How Many More Buyers Are in Your Market?
Try the On-Demand Lead Estimator

If you’re a progressive Internet dealer, you’re already getting some quality leads from your own website; but thousands more serious buyers, the majority of online buyers, in fact, are researching and shopping for vehicles at third party sites.  You can connect with more serious buyers at the best third-party sites, including MSN Autos, NewCarTest Drive, IntelliChoice, Yahoo Autos, MotorTrend, Kelley Blue Book, AOL Autos, Edmunds, WomanMotorist, AutoTrader, and hundreds more.  Select a franchise below to access the Dealix On-Demand Lead EstimatorSM and get a total of the number of Dealix leads available in your market, sourced the best auto sites on the Web, instantly.

 


 
Industry Reminders


Profiling Internet Sales Trainers and Consultants in July Issue
If you're a high caliber Internet sales trainer, send us a short profile on how you help dealers sell more vehicles online, and we may profile you in next month's issue. Send an email to kmstanton@dealix.com.

Auto Success Summit Was a Hit
Over 100 dealers attended the Auto Success Best Practices Summit in Las Vegas May 19th-20th.  Look for their next Summit this fall.  

Sonic Automotive, Inc. is Recruiting for Division e-Commerce Directors

Click Full Story for details.


[FULL STORY]
 
Previously in the Dealix Dealer Newsletter

May

NADA Workshop Phone Scripts

Top 100 Automotive Internet Retailers - Interview with Harlene Doane

The Shift in Advertising


April

The Ward’s e-Dealer 100 - Interview with Cliff Banks

Email Marketing Best Practices

How to Maximize Gross with Your Online Customers


 
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