May 23, 2013

Car sales and the X-factor

Selling used cars seems like a simple process; you buy for one price and sell for a higher one. OK that may be over simplifying a not too complicated business, but if car sellers stick to some basics of preparation, presentation and price (the three P’s) they can usually be sure to turn a profit most of the time. With the knowledge many car … [Read more...]

Credit where credit is due

Although showroom footfall is a little light for the time of year, some car dealers are still reporting brisk trade. Others are saying that they are fighting for every deal and many customers will just not commit and more of the ones that do either want a lot more for their old car or too much off the new one. There are also some wider parallels … [Read more...]

Knowledge is power

It is widely recognised that the sales staff being employed today are somewhat different to how they used to be. Some may think this is a good thing and some wont .The knowledgeable all rounder who could help you with plumbing and electrical problems during a visit to the builders merchants has been replaced by a middle aged housewife at B&Q who … [Read more...]

Wake-up call for main dealers over servicing

The battle for the biggest slice of the after-sales market is certainly heating up. Kwik Fit and Halfords (who recently acquired Nationwide Autocentres) are offering very competitive servicing deals and car dealers are, quite frankly, struggling to compete. The notion has always been that franchised dealer servicing is much more expensive, but … [Read more...]

SEO, SEM, PPC, GPOM and an ad in the paper

We all know that the internet is here to stay and car dealers in particular are bombarded on a daily basis about the perils of non-compliance when it comes to internet marketing. As soon as they master getting the car descriptions right and publish enough pictures to achieve decent click through rates, the bar gets raised yet higher. The more … [Read more...]

Time to change?

nu10new

The car buying public will have some interesting choices presented to them during the slightly quieter times of the next few months. With showroom tax taking effect, rising fuel prices hitting the pumps and a potential decline in part exchange values finding a good deal may be harder to come by than for the last 18 months. When parting with your … [Read more...]

Nothing lasts forever…except maybe sales events

With the Easter break behind us car dealers are looking forward to a positive summer and will be looking at yet more innovative ways of generating customers. We can expect sales events and promotions to be running almost nonstop throughout the year, and many in the trade believe that in order to constantly engage with potential buyers there always … [Read more...]

Customer service in the automotive industry set to hit new heights

As car design and technology improves with every new model released and the competition for market share becomes ever more fierce, truly understanding the car retailing business takes on more importance than at perhaps anytime in its history. You will constantly hear how buyers are far more aware than ever before in terms of product and price … [Read more...]

Meltdown at the dealership

In the motor trade we often encounter situations which test our resolve and patience to the maximum and may even make us question why we continue to work in this mad business. Of course there are customers we never forget and dramas we try not to remember, but a lot of the dilemmas are also self inflicted as this true story surely indicates. We … [Read more...]

Car dealerships and the high cost of apathetic sales people

i-will-buy-a-car-today

Oh dear, hot on the heels of our story the other day about the car dealer who hit back (literally) and the customer who carried out a dirty protest at the dealership comes the following tale of woe from an honest punter who just wanted to, believe it or not, buy a car. We have remarked recently about how hard certain salespeople are going to … [Read more...]

Why letting a customer walk away is not an option for car dealerships

One of the great things about being in the motor trade is that there is always something to moan about and consequently plenty of lively conversation and debate. During an extended break like the one we’ve just had and having cause for some extra socialising I always make a pact with my wife before going to a party or social gathering, strictly … [Read more...]

Business is looking good down at the coalface

I found myself in the unusual position of spending a couple of days on the front line recently by helping a colleague who was short staffed in his showroom. Having not actually sold cars for many years I concluded that it couldn’t have changed that much since I was last at the coalface. How wrong I was! I met up with the sales team for the … [Read more...]

Car dealers – a little bit of common sense and everybody wins

Anyone who has been in the motor business for any length of time, especially in management, will be very familiar with the following frustrating scenario. On the other hand car customers and buyers would … [Read more...]

The game may be up for old school car sales

There cannot really be any industry more forward looking or a bigger embracer of change than the motor trade. Despite having had almost nothing but bad press and controversy over the years, we are still improving … [Read more...]

Satisfaction guaranteed

Customer satisfaction, what does it mean? Well we know what it should mean but with such importance placed on customer satisfaction surveys implemented by car manufacturers and the financial rewards … [Read more...]

Customers matched to salespeople as well as cars

As the motoring industry moves swiftly along to try and meet the expectations of a demanding public, it’s interesting to bring updates and sound bites of how in some areas these changes are taking place. We have … [Read more...]

Criteria extended as more dealers chase less stock

Dealers are reporting that demand is certainly holding up, but a lack of quality used cars at reasonable prices is having a real effect on margins. We are now seeing signs that customers are not … [Read more...]

It’s car sales Jim, but not as we know it

The brave new world of the franchised car dealer is constantly evolving and although new improved sales standards and practices may appear to be positive for customers, there are those in the business who are … [Read more...]

New cars back in fashion?

Thoughts from the trade this week; there has been a slight slowdown as people enjoyed the bank holiday which is fairly usual for this time of year. Reports from our regional guys tell us that showroom footfall eased … [Read more...]

Motor Trade Apprentice

Welcome to “The Motor Trade Apprentice”. Sir Alan sets a task for our young apprentices; they are given £100,000 to spend on 10 used cars across the whole range of subtypes and the challenge is they have … [Read more...]

When is a good deal not a good deal?

Some dealers report that although there is good footfall in their showrooms, customers - probably armed with the latest gloomy new car sales headlines - are asking for the impossible. There has long been the type of … [Read more...]

Sorting out the lookers from the buyers

With the current situation facing franchised dealers in the UK, courting every customer is of paramount importance. As we have reported recently many dealershave told of increased showroomfootfall and … [Read more...]

Closing time – converting prospects into customers

In the changing face of car sales, the traditional closing tactics are now being replaced by more modern less intimidating techniques, such as spending an awful lot more time with customers and making such a strong … [Read more...]

Stock shortages and a halt to the slide in residual values

As we approach the end of the first month of 2009 there is a strong suggestion in the trade that when the valuation guides are published shortly we could see a strange phenomenon for a recession - little or no depreciation of used … [Read more...]

Poor customer service – some dealers not getting the message

It appears that some of our friendly car dealers are not getting the message. As you know at MTI we bang the drum for improved customer service and enjoyable experiences in the business regularly, so you would logically assume … [Read more...]