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| How-to’s by industry experts |
Dealership Financing Course Irrevocably ChangedIt wasn’t that long ago when car sales were brisk and dealership profits were strong, says Crowe Horwath. Buy-sells garnered very optimistic blue-sky, and dealership lending was a robust business for financial institutions. Then came September 15, 2008 -- the “Black Monday” when century-old investment institutions ceased to operate, setting off a wave of uncertainty that led eventually to unprecedented investment and oversight by the government to stabilize the financial markets. As a result, the key factors by which the health of a dealership’s operations are monitored and enforced have changed, which has had a severe effect on the dealer-lender relationship. Click here or click on the image to make sure your dealership financing is not at risk!
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| auto dealer sales & marketing |
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Website Conversion Rate OptimizationBy Todd SmithFocusing on your dealership conversion and how to optimize it a major part of the equation that you need to turn your site into a lead generation machine. Online conversions are measured through a shopper taking one of the following actions: Dealership Live Chats, Web Forms and phone calls. Most of your website visitors are leaving without taking any action. Here are three tools that might help you to better understand how people are using -- or not using -- your website. • Survey Monkey - Set up a quick survey that will ask shoppers 3-4 questions as they are exiting your site. You really never know until you ask. This is a great tool to accomplish that goal and to give you insight into your shopper’s behavior. • Click Tale - This program is awesome! It creates a video of shoppers using your site. You can watch their mouse movements just like you were standing over their shoulder. It is a great way to develop real life user data. They also have a cool feature that provides heat maps of user sessions. • Google Website Optimizer - A great free tool to help you test different elements on your site using split a/b testing. For example, change the headline, website copy, picture, offer or anything and test it to improve it. To be successful you must continue to improve your site to push people deeper into the sales funnel. Conversion rate optimization is the most important factor that will drive success for your Internet dealership in today’s increasing competitive marketplace. Today I challenge you to take the time and work on techniques and strategies to convert more traffic instead of just driving more traffic. Todd Smith, president and co-founder of ActivEngage, can be reached at todd@activengage.com. Read this article in its entirety by visiting Todd at his blog.
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| bringing sales into service and service into sales |
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Brake Pad Installation Must Include Complete Cleaning
Brake pad replacements are done every day at dealerships across the country. The big question is, are they being done right? Technicians must pay attention to proper and thorough cleaning as part of the preparation for replacements because today's brake systems are particularly sensitive to rust and corrosion. Click here or click on the image for a few quick tips to put your technicians on the path to customer satisfaction for a maintenance area known for bringing customers back when the job isn't done right.
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| driving technology in and around the VEHICLE |
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Google Maps Now Part of Ford's SYNC ProgramBeam Driving Directions at no extra cost from FordDrivers who enjoy the convenience of Ford SYNC® with Traffic, Directions & Information (TDI) are now able to select a destination on Google Maps and send it to their Ford, Lincoln or Mercury vehicles. Available to all registered car owners. • Ford adds Google Maps to its 'Send to SYNC' feature, allowing drivers to send destinations from Google Maps to their Ford vehicle through the cloud-based SYNC® Traffic, Directions & Information (TDI) app. • Drivers download destination information into the vehicle via their Bluetooth-enabled mobile phones; the information will be processed into audible turn-by-turn directions, eliminating the need to bring printed maps into the car and helping drivers keep their hands on the wheel and eyes on the road. • 'Send to SYNC' will be available for existing 2010-11 models equipped with SYNC TDI; no extra hardware, software updates or costs are required. Read more...
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| how to make & keep your delaership environmentally responsible |
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The Race to Plug In -- Field of Automakers Widens
Almost all major automakers have, or will soon, enter the electric vehicle market. The demand for better fuel efficiency is a leading factor, of course, but automakers are going to need help if they want to attract buyers. For one thing, the cost of batteries needs to come down. For another, buyers need to be assured that they can travel adequate distances and find plug-in stations when they need charging. Thus, the infrastructure for electric vehicles is the next major battle ground. Click here and then click on the image to read more about the challenges and the opportunities for EV technology.
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