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Showing posts with label advertising. Show all posts
Showing posts with label advertising. Show all posts

Monday, July 25, 2016

Focused Marketing for Empowering Car Salespeople


What would happen to the car sales industry if it changed it's focus to begin marketing with the sales representatives, rather than the dealership? According to Auto Alliance, in 2015 there were 1.65 million Americans working at car dealerships. Just think of the the untapped resource of marketing individual salespeople as well as the dealerships.

The majority of time customers spend during the car buying process is with their salesperson, and 71% of customers say they bought their vehicle because they liked, trusted and respected their salesperson, according to Jeff Kershner of Dealer Refresh. Now imagine fostering those relationships before the customers even walk on the lot.  

With a personal website, regular blogging, emailing, and social media integration a salesperson can do just that. It is a win for the dealership too, as all leads and sales through their reps ultimately come to them. Failure to encourage and help their salespeople to do so means the dealer is not maximizing their advertising dollars. Remember, buying a car is one of the most expensive and personal purchases that people make, so focusing on building a rapport between a customer and their salesperson is really a no-brainer. Why do you think most dealers don't embrace this potential?


Tuesday, February 23, 2016

Call-to-Action Recommendations for Automotive Websites

It's no secret that mobile device manufacturers are in a highly competitive market. So many options, and most people only pick one device every couple of years. I don't pay that much attention to the latest phone coming out, unless I'm actually in-market for a new one. When I am in the market, I spend some time researching what's available at that time (or within the months that follow) to see if it makes sense to wait. More on this in a minute.

As someone with a degree in psychology and who is, shall we say, heavily involved in marketing, I don't see advertisements like most people do. The average person listens to what the advertiser says; I pay more attention to how they say it. Sales is a process of skillfully guiding a prospect down the path you want them to go. If you've ever been in sales, you've likely heard the saying that the #1 thing that kills a sale is that the salesperson never actually asked for the sale.

From the standpoint of a website, a call-to-action is essentially "asking for the sale". It may not be an actual purchase, but let's look at a car salesman's website as an example. Let's say you're car shopping and end up on an auto salesperson's personal website. You learn a bit about the sales rep, how they grew up in the area, have 3 kids, and whatever else they present through their personal branding. Once you become comfortable with that salesperson and decide to enlist their services, what do you do next? Most people will say "head to the dealership", but that's only because you're reading this and imagining a page with a bunch of words on it, describing who the rep is. Imagine if the biography of the salesperson you just read also has a form on that page to schedule your personal appointment with them, or even a "click-to-call" button. Such a "call-to-action" is a logical "next step" for the website visitor, and helps to guide them where you want them to go. A call-to-action is essential.

In this case, the sales rep wants to collect that person's info. Doing so enables them to, at a minimum, follow up by email, phone, etc. If they can show their manager at the dealership that they had been working the lead when the prospect arrives at the dealership, that sale goes to them. If the prospect had simply learned about the sales rep then drove to the dealership, the prospect will most likely end up with another rep because they probably (1) forgot the sales rep's name, (2) forgot to ask for them, or (3) was simply approached by the hungriest rep at the store.

So what does all this have to do with mobile phones? I'll bring it home for you. I was recently on Twitter and noticed a pay-per-click ad from LG, promoting their new G5 smartphone. I'm not in the market for a new phone, but curious, I clicked on it and then the link they posted for info about the phone. It brought me to a decent micro-site for the G5 phone, complete with great photos and features. And that's it. No way to request more info, no way to pre-order one, and no way to even follow LG on social media for that matter. So I'm supposed to think of LG when I'm in the market for a new phone 3 months from now. With everything else going on in my head. And all the other ads I'll see between now and then. A simple form to submit an email for a reminder when it's available, or better yet, a form to pre-order the G5 would likely result in more sales. Even if it only generated one extra sale, the 10 minutes it would have taken to add that form to the site would have been worth it.

LG G5 Marketing Micro Site

Tuesday, March 26, 2013

Some Craigslist Autoposters No Longer Working for Many Auto Dealers

If you've been using an auto-poster to list your vehicles on Craigslist, you're not the only one. Many dealers use such tools, because the amount of time required to post so many vehicles manually (let alone renew the ads regularly) is just not feasible. Craigslist doesn't care, because they really want the classified site to be used by individuals, not businesses. The reason why many auto-posters will soon no longer work is that Craigslist is no longer supporting the HTML tag in its listings. This is presumably to combat the rising use of auto-posters, something that is against the Craigslist Terms of Use.

As of today, when posting a vehicle to Craigslist users are shown a message that says the following:
PLEASE NOTE: Externally-hosted images (IMG tag) will soon be disallowed in for-sale ads. Please use CL image upload.

Here's a screenshot of the actual message:
PLEASE NOTE: Externally-hosted images (IMG tag) will soon be disallowed in for-sale ads. Please use CL image upload.
In case you're not clear on what the img tag is, it's a way to have an image (e.g. an ad for your vehicle) displayed on the Craigslist site without actually uploading the image to Craigslist. Using the img tag enables you to specify a source on your own server, or if using a 3rd party autoposter, a source on their server for the image displayed. It was only a matter of time before this happened, because Craigslist had absolutely no control over what images were being displayed, and some sellers (including car dealers) were abusing the site by flooding it with post after post of their own inventory, even duplicating the same vehicle several times per day. If the classified listings have 100,000 ads for used cars in one city and 20,000 of those are duplicates, it decreases the usability of the site for car shoppers, kind of like having to sift through your inbox when it's full of spam.

So what does this mean for dealers who want to continue using an auto-poster? Well the days of posting image-based ads are pretty much over. Dealers can (and will) complain for as long as they wish. The Terms of Use on Craigslist state clearly that (paraphrasing here) if you don't like the way they run the site or the rules they have in place, your only option is to stop using the site. I personally think a lot of dealers will stop using the site because they don't want to spend the time, which will only help those dealers who choose to continue using the site. In terms of supply and demand, it will mean less supply (ads) with the same amount of demand (shoppers). Dealers who continue to use either an auto-poster, manual posting tool, or posting service like Higher Turnover offers will thrive and continue to see a significant return on investment from one of the most visited classified sites in the world.

Tuesday, March 05, 2013

Choosing a Dealer Website Provider

A simple email I received prompted me to write this post today. The email was from a "website development and marketing company" based in the Western U.S. The message was short and sweet: they saw I just registered a domain name and wanted to know if I needed help with programming, design, or marketing. We get emails like this all the time. Some are well-written, some are not, but the point of this post is the bigger picture.

Someone who didn't know any better and who had a real need for website design or internet marketing at the moment they received the email might have hired this company. Every decision-maker has the right to hire whomever they wish, but chances are you don't have to think too hard to come up with a horror story about a friend, relative, or even yourself who made a bad decision at some point and had to live with it (i.e. money or time wasted). For some reason it seems that car dealers are especially susceptible to "being sold" on a vendor's products or services, without doing any due diligence at all.

To me, this email I received had several red flags:
  1. It ended up in my spam folder - If they can't even get their own emails successfully delivered to my inbox, why would I hire them to do email marketing for me?
  2. There were grammatical errors - Again, if they can't write a 3-sentence email without grammar and spelling errors, how would that reflect on my business if they were representing us?
  3. It was addressed to a generic name - If they want to impress me with their marketing skills, they probably shouldn't be referring to me as "Mr. Admin"
These sort of emails are a regular occurrence. I just happened to look this one over as I was emptying my spam folder and decided to comment. We see it all the time...dealers who choose a website provider because the salesperson "sold" them. These are the same dealers that come to us 6 months later, complaining that they wasted thousands of dollars on empty promises. If you're a dealer reading this, don't say you haven't been warned!

Friday, February 17, 2012

Dealers Listing Cars on Facebook

A new article was published today about the use of Facebook by retailers to promote their products. The original article is here and it got me thinking.

Car dealers are becoming more and more interested in promoting their dealerships on Facebook because let's face it, pretty much everyone is on Facebook. It's free, and there are hundreds of millions of people using the site regularly. While most successful dealers have at least set up a business page on Facebook and use it to interact with customers, other dealers use it to try and actually sell their vehicles to their followers/fans.

Some website providers these days offer to build a "tab" on the dealer's Facebook page which lists their entire inventory, just like their own website. The thinking is that potential customers (or anyone who "likes" the dealer's page) will click on that tab and browse their inventory. They feel that people will browse inventory on Facebook instead of actually going to the dealer's site and do it there. I personally have never bought into this, and today an article came out that suggests the same thing. (see the original article by clicking here).

On some levels it makes sense to market vehicles this way. If the people are there, then why not, right? Well the article I referenced quoted an analyst as saying for companies trying to sell their products through these means, "it was like trying to sell stuff to people while they’re hanging out with their friends at the bar." Furthermore, people would need to actively seek out the vehicle information, whereas the entire philosophy of Facebook is to push content to the user, so they don't need to seek it out. This is why we offer a different service to our clients where individual vehicles are posted to the dealer's Facebook wall. This way they actually show up in the fans news feed and get exposure. It's important to limit the frequency of these sort of posts, but that's another article for another day.

If major retailers like Gamestop, Gap, J.C. Penny, and Nordstrom have all pulled the plug on these Facebook storefronts, I have to think there's some validation to my beliefs. I know I don't shop on Facebook for anything. Sure, I may visit a retailer's page to see if they have any promotions going on or to see what other shoppers are saying about them, but if I want to buy something I head to the retailers own website. Getting people to change the way they shop online can happen, but I personally don't think it's going to happen anytime soon, and Gamestop (and the others) have proven that point as far as I'm concerned.

I'm curious to hear comments from others, but I'm especially curious to hear from car dealers (or salespeople) who have tried the inventory tab on their company Facebook page. Has it worked for you? Do you know how its use compares to your other Facebook activity in generating leads?


Wednesday, October 20, 2010

Car Dealer Giving Away Free AK-47's

I ran across this video recently which I thought was worth sharing. I've seen a lot of gimmicks used by car dealers to draw a crowd, but never anything like this. There are some good lessons to be learned from this dealer, even though you may not agree with his tactics...



Whether you agree with this dealer or not in his advertising practices, you have to admit one thing: he's got a huge amount of exposure as a result of this. Sure, some people are going to be definitively turned off by this, but when you consider the exposure he's getting from CNN and other national news, local news, YouTube views, syndicated radio shows, and blogs like this, I'm sure there is a significant net gain in the number of potential customers the dealership has been getting. Even if someone isn't a gun owner, seeing news pieces like this often end up in Google searches for the dealership. The dealer even mentioned how much his website traffic (and resulting sales) are up.

Personally I feel this marketing takes things to a different level, but I like how this dealer thinks outside the box. How many YouTube videos or CNN bits have you seen on a particular dealer offering a free gas card?

Max Motors is now upping the ante...instead of AK-47's with a purchase, they're now offering a .50 cal sniper rifle with any Viper purchase. Same sort of promo as the last one, but they wouldn't get any additional press if they simply continued the AK-47 promo, so why not take it up a notch to get more people talking?

I see only one problem with their marketing campaign. They obviously have done a great job at creating attention/interest, but upon examination of their website I think their conversion rate could be a lot higher if the site wasn't so busy. Granted, I don't know what their conversion rates are, but with all the "crap" on their site I'd be willing to bet that a more simple, to the point site would help their sales. Even a micro site for the "Snipers for Vipers" campaign.

Friday, September 10, 2010

Something to remember when using Facebook for your car dealership

More and more dealers are turning to social media to generate exposure for their dealerships. This has been a growing trend for years, but I would compare it to the late 90's with dealership websites. More than 10 years after the inception of online classifieds and dealer website platforms and there are still a lot of dealers who have yet to invest any time in it. A lot of old school dealers think that because they sell enough cars without a website, there's no need for one. I hear a lot who say things like "we tried a website and didn't get any sales," or "people browse websites but don't buy anything". This same mentality often translates into newer trends such as social media.

Let's take a look at Facebook since it seems to be the most widely used. Hundreds of millions of people use Facebook, and not just for car shopping. Of course there are going to be people who aren't relevant to your car dealership because they're not researching car dealers there. What about the people who are relevant, i.e. the people who at some point in their lives will buy a car from a dealer?

We've had dealers set up a Facebook page and a week or two later abandon it because no car shoppers have contacted them directly through it. To effectively use Facebook one must realize that it's a newer concept than what they've done in the past, therefore it needs to be used and interpreted differently. Take for example my personal account with Facebook. I have many friends who have accounts, and I frequently talk to these friends on the phone. If I look at their Facebook pages, some of them haven't updated their status or done anything on there for months or even years. At times these same friends will ask me about things that I've posted like "so I see you bought a new car". So what you may ask. The point is that social media is different, and everyone uses it differently. Just because people may not leave comments on your dealership Facebook page doesn't mean it's not being seen. Taking it a step further, some of these people formulate opinions on your dealership based on what they see on your page, and often times these are the people that are walk-ins at your dealership.

Social media like Facebook is much more difficult to track effectively, and just because you only see the tip of the iceberg from the wheel room doesn't mean there isn't a lot of stuff below the surface that can impact your course. If you're a dealer using social media to generate exposure for your dealership, keep this in mind. Be vigilant even when it seems you're not accomplishing much on the surface, because usually it's what's below the surface that's most important.

Tuesday, August 24, 2010

How many hours per day are you selling cars?

I've spent a couple of Sundays on car lots recently. None of the dealers were open while I was there; I was just checking out cars without being hassled by salesmen. To my surprise, there were a lot of people on each lot I visited. Apparently a lot of people prefer to check out cars on their own time, without being confronted by intrusive salespeople. I don't know why this surprised me, because the behavior parallels the internet shopping experience. Buyers use the internet for two primary reasons: anonymity and convenience.

With all these shoppers on the lots when the dealers were closed, it made me wonder...while some of these dealers had websites, what were they doing for the real-world customers who silently examine their inventory on the lot? I wanted to know mileage for cars. I wanted to know what options they had. Sure, this info is typically on a dealer website, but what about the "old school" shoppers who aren't using the internet? The answer is window stickers.

A window sticker always comes from the manufacturer for new cars, but why don't many dealers use them on their used inventory? Higher Turnover offers the ability to print professional, custom window stickers in a matter of seconds for each vehicle. These stickers show buyers many of the vehicle features and benefits that they want to know. Sure, some dealers have the mindset that if someone is a serious buyer they'll come back when the dealer is open, but those dealers forget one thing. Building value for the shoppers makes them want to come back even more, and makes your cars stand out above the competitor's inventory. If you have a car on one lot which has a professional looking sticker, all of the vehicle info, description, etc., don't you think that builds value more than just a car with an FTC Buyer's Guide that has a VIN and no info specific to that car? I say it does, and I guarantee you're losing some customers if you're relying solely on the actual car to sell itself.

If you're interested in learning about how easy it is to print custom window stickers for your inventory, visit the Higher Turnover website.

Wednesday, June 16, 2010

Lead Response Times are Important

A recent shopping experience prompted me to write about lead response times, and you can probably guess why. I'm in the market for a boat, and I'm busy during the day so my shopping time is after the boat dealer is already closed. I recently found 3 boats at the same dealership which fit my needs as well as my budget.

I submitted a lead for 2 boats through the dealer's website (which was less than professional, but more on that later). I also submitted a lead for a 3rd boat through a 3rd party classified site. Here we are, more than 48 hours later and I still have not received a response from the dealer on either of the leads. Needless to say, I'm definitely not purchasing a boat from this seller.

I've heard some dealers say that web leads are mostly garbage and that serious shoppers will call. True, sometimes a phone up will be a more serious buyer, but that doesn't mean that all online lead submissions are worthless. Here I am with cash in hand, interested in purchasing inventory from the seller, and they don't feel the need to respond to me because of how I contacted them. A dealer is in business for one primary reason: to sell units. Why on earth would I plunk down thousands of dollars with a particular dealer if they aren't even responsive when I (among others) am the reason for their business being in existence? If they can't even be responsive to a sales lead, how would they be responsive to needs after the sale? A horrible website and no response to my inquiries adds up to an unprofessional dealer in my book.

Dealers should listen up. If you're not treating online leads as being important, you're literally throwing away money. Of course everybody would like to get emails with nothing but serious shoppers with cash in hand. You don't expect this from your walk-in traffic or phone ups, so why expect it from web leads? All lead sources are going to have good leads and bad leads. If you think one lead source produces leads that aren't worth your time, maybe you're showing some qualified buyers that you're not worth theirs.

Our Higher Turnover car dealers are trained on this from the moment they sign up with us. If someone submits a lead through their website, treat them as a valid lead, but more importantly, respond to them in a timely manner. Once they submit a lead on your site, chances are good that they move on to the competitor's site to continue shopping. We enable our dealers to receive SMS (text) messages the moment a new lead comes in. Using a service like this makes our dealers look more professional and attentive in dealing with customers, and that's what shoppers want when they're getting ready to spend thousands of dollars.

Monday, May 03, 2010

Where Do You Want Your Customers to Go When they See Your Ads?

There's one thing I've never understood about the pharmaceutical industry...their marketing philosophy. I've seen it a million times, a television ad for some new miracle drug, and then in the ad they say "see our ad in Women's Health magazine" or some other magazine. Why on earth would they want to get someone interested in their product and then send them to the store to get a magazine, then force them to search through the magazine for a 1-2 page advertisement amid a hundred other pages of content that they probably find more interesting? Sounds like a lot of work and a lot of possible distractions along the way. The point of mass media advertising is to hit a large audience with your message and siphon off a percentage to pay attention to your product. Let me try an analogy:

Suppose you're an independent dealer and sell nothing but Ford Mustangs. You have a website dedicated to your inventory of Mustangs. You decide to spend millions in an ad campaign on TV, radio, newspaper, and even a pay-per-click campaign in the search engines. Imagine if each of your advertisements told the viewer/reader/listener to search for Ford Mustangs on Autotrader.com to see your stuff. Doesn't make a lot of sense, does it? You wouldn't send them there where they can easily see your competitors inventory or click on advertisements for a Camaro, Charger, etc., would you? So why does the pharmaceutical industry consistently do this?

The only thing I can think of as a possible reason is that for the drugs that are targeted toward the elderly demographic, perhaps they're more likely to get a magazine than visit a website. Even if this is the case though, I see virtually all drug commercials pointing consumers to their magazine ads, even for those that are used in younger adults who likely have internet access. Even if they wanted to target non-internet using adults with their product, wouldn't it be better to provide a phone number so the company can get the "ups" while they're still hot?

And I thought some car dealers made poor advertising decisions...

Thursday, April 01, 2010

Craigs List for Car Dealers is No Secret These Days

One of the things I've noticed over the past two years is how much Craigs List has really come to the forefront of dealership advertising. Before taking my "break" from blogging 2 years ago, I was reporting on how Craigs List compared to Autotrader, Cars.com, and a few other classified sites. Some dealers were using Craigs List at the time, but not nearly as many dealers who use it now. Many website providers like Higher Turnover offer Craigs List posting tools, and I would say this feature is a common one at this point.

Because it's more commonly used these days, that also means more dealers are competing for the top spots in the listings. Since Craigs List is user-policed and anyone can flag anyone else's ads, this leads to problems such as "competitive flagging", where one poster flags another poster's ad just to remove the competition. Imagine if you could remove your competitor's listings from Autotrader.com so customers only saw your cars. How many dealers would be calling Autotrader to complain? A LOT! With Craigs List there is nobody to call, no way to be sure who is flagging your ads. It causes a lot of frustration for dealers if they are being targeted. The end result is that it takes a lot of work to keep up with Craigs List ads for your dealership. It can certainly help you sell cars. Sometimes you just have to work hard to sell cars though.

Thursday, November 29, 2007

Best Used Car Classified Site #9

Previous post on this topic
Which Classified Site Works Best to Sell Cars #8

Lead #10: It's been a while since I've updated this topic because the leads seem to have dropped off. The person in Lead #9 followed up with a couple of phone calls and set an appointment to come see the car but was a no-show. A lead came in today through the dealer's website from someone who found them in a Google search. No questions about the car, no phone calls, just submitted a credit app. Usually when customers submit an app and don't even ask about a vehicle, that tells me they're shopping around for someone who will approve them with bad credit. Seemed to be the case here, as the dealer told me they had a 380 beacon. Guess the car isn't getting sold today.

Autotrader.com - 1
CraigsList.org - 4
Cars.com - 2
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 2
Kijiji - 1


Friday, November 09, 2007

One Thing a Dealership Can Do to Increase Web Leads

I wrote a post back in the summer comparing two similar dealers in the same market to illustrate the impact of web design on lead generation. One dealer was doing a lot better than the other in generating web leads despite similar traffic numbers. After listening to a year of complaints about how bad business is, I finally convinced the dealer with the "worse" website to take my advice and redesign it according to my recommendations. The site content was not changed much at all, only the page layouts, some graphics, etc. It's amazing how small changes can impact business so much. Here are the actual numbers from the three-week period immediately before the change compared to the three-week period immediately following the change:

Before:
Site Visitors: 1452
Pageviews: 10,212
Contact Forms Submitted: 7
Credit Apps Submitted: 9
Overall: 1 lead for every 91 visitors

After:
Site Visitors: 1599
Pageviews: 10,716
Contact Forms Submitted: 24
Credit Apps Submitted: 41
Overall: 1 lead for every 25 visitors

The site statistics have not changed much at all, but by making some adjustments to the site layout, this dealer has increased his conversion rate to 4 times the amount it used to be. We run into these sort of problems on a daily basis. A dealer may want to do something on his/her site that they think is a good idea, but I wish more dealers would listen to those of us who have been in the online media industry and have seen how much business these type of "mistakes" can cost. Going off the last 3 weeks stats, let's assume this particular dealer had 27,716 visitors for the last 52 weeks. If they had the same conversion rates they see since the redesign, that would be 1108 leads. With the old conversion rates it would only be 304 leads, a difference of 804 for the year. As a dealer you know your closing ratios, so would it be worth it for you to make a small change and have a crack at an extra 804 car shoppers over the year?

Tuesday, November 06, 2007

Best Used Car Classified Site #8

Previous post on this topic
Which Classified Site Works Best to Sell Cars #7

Lead #9: Another lead from Craigs List came in yesterday. This shopper said they ready to buy immediately but had a few questions. They want to know the VIN, location, maintenance records, financing ability, and "more information". I supplied them with the info they requested so we'll see what happens.

Autotrader.com - 1
CraigsList.org - 4
Cars.com - 2
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 1*
Kijiji - 1

* Denotes the lead originated from an affiliated site not listed above

Friday, November 02, 2007

Autotrader Producing Smaller Returns, Raising Rates

Once a year there is a post that comes up on Dealer Refresh about Autotrader.com raising rates again, and it always causes a lot of dealer discontent to surface. I've made it clear in the past that I'm not a dealer, and I also worked for Autotrader.com for about two years. There are always people who think dealers should stop complaining about the constant rate hikes, but I am not one of them. Some dealers say the ROI from Autotrader.com is flat at best. Nothing speaks louder than facts and figures, so I decided to take a look at three random dealerships and compare a five-month period from last year to the same five-month period this year, and the proof, as they say, is in the pudding.

The three dealerships chosen at random are in different areas of Virginia between Virginia Beach and the Washington, DC area. Since each has a different number of vehicles on the lot and use different packages with Autotrader.com, I've tried to break everything down to a common denominator: leads per vehicle per month. Here's what I found for these dealerships:



June through October



2006
2007
Change
Total Emails:
428
291
(137)
Total Calls:
1634
1292
(342)
Credit Apps:
151
67
(84)
Total Leads:
2213
1650
(563)
Total Vehicles:
1111
849
(262)
Leads/Car/Mo:
1.99
1.94
(0.05)


Big difference? Not really, but over the course of the 5 months examined it does add up. For a dealer with 50 vehicles on the lot each month this translates into 12 less leads over the same period last year. A dealer with 100 vehicles on the lot would see 25 fewer leads over that period. Like I said, not huge numbers, but fewer nonetheless. The important thing to consider is that with fewer leads from the previous year, how is a rate increase justified by Autotrader.com? I submit to you that it is NOT justified, but as the 800-pound gorilla they're doing what they want until the 900-pound gorilla shows up. Is the 900-pounder a Googlerilla? A Cars.comorilla? Time will tell, but it will happen.

Friday, October 26, 2007

Best Used Car Classified Site #7

Previous post on this topic
Which Classified Site Works Best to Sell Cars #6

Lead #8: Another lead from Craigs List today. This shopper was definitely looking for a deal. They supposedly drove 100 miles to look at another one yesterday - same year/make/model with similar miles. They asked me if they could buy mine for $5500 which is about $2000 below asking price. The justification: they didn't want to drive 100 miles back to conduct the transaction on the other one.

Autotrader.com - 1
CraigsList.org - 3
Cars.com - 2
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 1*
Kijiji - 1

* Denotes the lead originated from an affiliated site not listed above

Thursday, October 18, 2007

Traditional Media Generates More Buyers than Online?

I received my usual newsletter this morning from Auto Remarketing and one article really caught my eye. It says that according to a recent study, traditional media translates into more buyers than online advertising. These results are shocking to me, so I'm curious about the details of their research methodology. What cities/towns did they conduct their research in, and how exactly were certain markets weighted differently?

"Art Spinella, of CNW Research, found that used-car dealers are spending more money on the Internet than ever before. However, overall, most of the marketing funds are still going into traditional media, such as newspapers, spot TV and local radio". This makes sense to me based on cost alone. Traditional media has been losing market share for years while online media has been gaining. The newspapers, TV, radio, etc. have had to combat this loss using significant rate hikes just to maintain flat revenue gains.

What surprises me is the finding that "more than 44 percent of people who entered a dealership and purchased a car or truck indicated traditional advertising methods were what drove them to a store".

I'd like to learn a little more about this research, because frankly, I can't believe some of the claims.

Sunday, October 14, 2007

Best Used Car Classified Site #6

Previous post on this topic
Which Classified Site Works Best to Sell Cars #5

Lead #7: The first lead from Autotrader.com. This lead came in as a credit application. The person who submitted the credit app clicked over to the dealer site from the dealer's "specials" page. Since my vehicle isn't listed on the dealer's specials page, this illustrates one of the benefits of Autotrader.com driving traffic to the dealer website.

Autotrader.com - 1
CraigsList.org - 2
Cars.com - 2
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 1*
Kijiji - 1

* Denotes the lead originated from an affiliated site

Next Post on this Topic

Thursday, October 11, 2007

Best Used Car Classified Site #5

Previous Post on this topic

Another day, another lead. I think I just found a vehicle for a third experiment so I'd like to get this one off the "lot" soon.

Lead #6: This guy was looking at the vehicle on the dealer's website and called me direct. Of course I asked him how he got to the dealer's site (which most dealers fail to do) and he said Cars.com. He was looking for a Jeep in the $7000 to $8000 range, had bad credit, and didn't want to put a penny down on the purchase. Perhaps I should become a bookie with all these people calling who can't get financed.

Autotrader.com - 0
CraigsList.org - 2
Cars.com - 2
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 1*
Kijiji - 1

* Denotes the lead originated from an affiliated site

Best Used Car Classified Site #4

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Pricing has been reduced across all sites to $7599 to see what that does for leads.

Lead #4 Update: The person who I spoke with the other evening did finally submit a credit application through the dealer website, however it was for a different vehicle. Not surprising since a large percentage of shoppers end up in a different vehicle from the one they first inquired about.

Lead #5: Another Craigs List response. This woman called yesterday and told me her entire story about why her credit was bad and that she needed financing. I referred her to the dealer site for an application just like I did for Lead #4, so we'll see if she gets sidetracked into another vehicle too. So far she has not submitted an application, but from what she was telling me it sounds like she should be approved (significant down payment, no repo's, $45k annual salary).

Autotrader.com - 0
CraigsList.org - 2
Cars.com - 1*
AutoExtra.com - 0
Google Base - 0
A Dealership Website - 1*
Kijiji - 1

* Denotes the lead originated from an affiliated site