February 10, 2012

Could test drives soon be a thing of the past? Let’s hope not

wrong-car

It appears that the relentless pace of internet buying shows no sign of slowing. Online shopping grew by 18% in 2010 with 37 million active online shoppers in the UK and its reckoned this figure will grow to more than 55m by 2014. Latest research by automotive data specialists Sewells shows that nearly 40% of buyers would happily buy a brand new … [Read more...]

Beware of all the add-on’s

extras

Selling add-on products such as finance, service plans and other insurance backed products has become almost as profitable as selling the cars themselves. This trend has been steadily growing for years now and. with an unprecedented selection of ‘extras’ on offer, customers are likely to be distracted and possibly unhinged by them. Car … [Read more...]

Every penny counts but what about when it’s time to sell?

false-economy

As things have consistently become tougher for all of us this year, cutting costs is on everybody’s agenda and none more so than the car buyer. Car dealers are warning sales execs to be extra vigilant when appraising customer trade-ins because buyers are trying to save money by doing only the absolute minimum necessary to maintain their … [Read more...]

The world of car sales is definitely evolving

evolution

Continuing the theme of sales execs in the modern world, it is interesting that whilst looking at how effective they are in terms of producing for their companies we often overlook how the customer really view today’s crop of sales people. In my role I get to observe many different sales execs across the board, both in a main dealer … [Read more...]

Don’t wait for the January sales – buy now!

sale

Although it’s not quite carrmageddon at present there are certainly some serious concerns in the used car market with many dealers holding ageing stock which they cannot achieve a satisfactory margin on. These things are not new and there are always periods of slack trading and lacklustre sales but the fusion of the euro crisis with the time … [Read more...]

A car sales person with a certain je ne se quoi

jnsq

Whilst chewing the fat (which was mostly contained within a particularly greasy bacon roll) down at the auction recently I got talking to a couple of sales managers I recognised from way back when who were taking a day out to check prices (and take advantage of the free breakfast on offer). We got onto the subject of the modern day sales exec … [Read more...]

Social media is not a silver bullet

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The process of building trust in a business relies on having the right people coupled with a great vision statement. It entails setting out the stall and having all staff engage with delivering the same consistent message and level of service at every level of the business. With the increase in the utilization of social media within the motor … [Read more...]

Cap and Glasses – It’s good to talk

cap-and-glasses250

Valuing cars in the trade is again proving a challenge when the market is so uncertain. We are again witnessing massive disparity between the two trade heavyweights Glass and CAP only they seem to have completely crossed to the other side compared to the values they were publishing earlier in the year. Without getting into the specifics there … [Read more...]

Marketing brains needed for aftersales

marketing-brain

Creative thinking and how you promote a business are obviously key elements to long term success. Many companies are constantly promoting and marketing themselves in order that they never fall out of the nation’s consciousness, like for example GoCompare or Compare the Market. Not only is their line of business highly competitive it is also … [Read more...]

Don’t wait for the winter sales – buy now!

buynow

As we move into perhaps the most challenging time of the year for car dealers, it is perhaps worth considering that this is probably a very good time to actually be buying a new or used car. The reason being that dealers will look to thin down their inventories in anticipation of re-stocking for the inevitable December and January sales, so they … [Read more...]

You can’t put a price on peace of mind

kojak

As we are always pointing out at MTI compared to 15 years ago in relative terms there is no longer a really bad car made. Sure there are some pretty horrible ones in terms of aesthetics, but in terms of a car which will keep you fairly safe and trouble free I think that modern technology ensures that reliability is better than it’s ever … [Read more...]

Meltdown or opportunity?

meltdown2

If you listen to some people you would probably end up believing we are entering meltdown. Although I have to admit things are pretty tough out there, if you do the job correctly and work hard there are still rewards to be earned. If there are fewer customers around and enquiries are scarce then how do car dealers keep the kettle … [Read more...]

Selling cars today should be easier than ever

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In car buying, whether new or used, habits have certainly changed for today’s consumer. This has largely been driven by the net but also by change itself; from the perspective of how car dealers wish to be viewed by their customers. The days of putting a few lines in the classifieds and having a half page spread in the motoring section of the … [Read more...]

Local deals for local people

local

It has long been a frustration for car buyers that they won’t get access to the best deals at their franchised local dealers without having first done the research and made the effort to compare deals with other dealers. Naturally, from a car dealer’s position, they feel the culture is changing. The manufacturers and their brand partners are … [Read more...]

If you don’t buy a ticket you can’t win the prize

ticket

You know what they say; if you don’t buy a ticket you can’t win the prize. I don’t know who first said those words but they are true, especially in the car business. Doing everything possible to convert enquiries into traffic is what it’s all about, and today, the way things are, it’s unforgivable if there is a lot of showroom traffic but … [Read more...]

A little bit of “Hollywood” can work wonders

hollywood

The car industry is bracing itself for the seasonal downturn and although SUV’s will continue to rise in price at the onset of winter, in general there will be fewer customers around. Car dealers therefore will need to sharpen their pencils if they want to tempt whatever potential buyers there are out there into parting with their cash. In other … [Read more...]

Reducing headcount and the downward spiral

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What makes a successful car sales team? I’m sure there are many different opinions and theories based on different experiences over time; however the one thing that I think everybody would agree with is people. The right kind of people will promote the business and attract more customers while the wrong ones can be total blockers (or a … [Read more...]

S*** rolls downhill!

downhill

Well September is done for another year and, although new car registrations are down slightly, considering we are in a little bit of schtuck globally – and all the good news is confined to the welsh rugby team - the motor trade is certainly doing its bit in encouraging a feel good factor. The thing is that in car sales we are used to being … [Read more...]

Name your price?

rline

Dealers are bracing themselves for a difficult last quarter. Whilst that should have traditional winter buyers licking their lips at the thought of some great bargains, the climate indicates that this may not be the case. We spoke to a couple of dealers and asked what was happening in their world and they explained that, despite the tropical … [Read more...]

You can’t manage what you can’t measure

Facebook-icon

The social media conundrum continues to be topical in the world of the car retailing. More dealers than ever now have a Facebook and Twitter presence, but not many have made the impact that converts this presence to actual sales. Facebook in particular is used by nearly 30 million people in the UK and as such is a huge opportunity for savvy … [Read more...]

Yesterday is irrelevant and tomorrow never comes

tomorrow

In the current economic climate car dealer groups will be under pressure to protect margins and, in the albescence of sustained growth, will need to look at cost centres as a way of saving money. Unfortunately the cascade effect of cost saving measures can ultimately affect staff morale as they naturally feel under pressure for their … [Read more...]

Stamp collecting, the auctions and the professional used car buyer

stamp-collecting

Whilst kicking back at the auctions recently I found myself with a bunch of guys who were remarking on how difficult it was to source good quality used stock to fill their forecourts (quelle surprise). When they did manage it, they told me, it ended up costing them a fortune. As they were quite a mixed bunch, one a prestige buyer for a small … [Read more...]

“Smash and grab” makes way for “little and often”

smash-and-grab

It’s ironic that given we are on the precipice of a terrible world recession which could mean complete meltdown with Greece the first to tumble, there are still cars which are not only selling well but are more expensive than ever. This of course is not necessarily down to September being the 2nd biggest new car sales month of the year or that … [Read more...]

Buying cars online – it’s complicated

complicated

It is constantly being argued that online sales will eventually take over from the high street as the first port of call for consumers. The acceleration of investment by companies looking to expand that aspect of their business clearly demonstrates this. It will also consistently be argued that big ticket items such as cars must always have some … [Read more...]

New Evoque could be the icing on the cake for JLR

evoque

You have to marvel at the meteoric rise in fortunes of Jaguar Land Rover. Since the Indian car maker Tata took control they have seen sales and market share grow substantially and with new models being continually launched to the market that success looks to be pretty sustainable. Ironically the Freelander for example was seen by many of us in … [Read more...]