Share your automotive expertise

2 Write a Blog Post

Filed in: Marketing, New Car, Used Car

Dealers Using AutoFerret’s AVA Achieve Average Lead Closing Rates of 28%

By Industry Press Releases on Feb 13, 2012

 

Bellingham, WA—February 13th, 2012—AutoFerret.com announced today that vehicle sales data analyzed during the month of January 2012 reveals that its Automated Virtual Assistant (AVA), offers proven ROI for auto dealerships. Eight random dealerships that use AVA allowed AutoFerret.com to access their data for the purpose of analyzing ROI. The average closing rate on leads contacted by AVA was 27.8%, compared with an industry average of 6-12%. Additionally, AutoFerret.com conducted a ReEngage Campaign with AVA over the course of the month, which resulted in an average 39.5 vehicles that were sold to old leads.

“We’ve always known AVA produced great results based on her lead engagement rates and the high retention rate from our dealers using AVA,” said Ben Brigham, President & CEO of AutoFerret.com. “This recent analysis confirms what we have long suspected, which is that AVA really does produce dramatic results for dealers.”

AVA is an artificial, “military grade” intelligence technology that carries on a conversation with leads over e-mail, engages them, validates their intent to purchase, sets up phone appointments for the sales staff and follows up to make sure no leads slip through the cracks. Potential customers believe they are exchanging emails with a customer service representative and don’t know that AVA is a virtual assistant.

Leads contacted during the time period of the analysis were a random mix of new and old leads from more than 50+ sources, including a dealer’s web site, independent lead providers and manufacturers. The eight dealerships that participated in the analysis were randomly chosen and of varying size, brand and market.

The analysis was divided into two parts: AVA working fresh leads in real-time, and AVA working old leads from the past six months. The average closing rate on fresh leads contacted by AVA was 27.8%, compared to an industry overall average closing rate of 6-12%. The store with the lowest closing rate was 21.9% and the store with the highest closing rate was 35.1%. The closing rates referred to are not AVA’s closing rate: AVA does not sell cars; she helps the dealership’s sales staff sell more cars.

The average number of vehicles sold during the one-month long AVA ReEngage Campaign was 39.5 vehicles. The store with the lowest count of vehicles sold to old leads showed 11 vehicles sold on 243 leads, and the store with the highest count of vehicles sold to customers sold 66 vehicles on 1811 old leads. The AVA ReEngage Campaign mines the dealership’s database for leads up to six months old. AVA then identifies the customers still in market, re-engages them and hands them off to the sales staff.

“This is found money for the dealerships as their Internet departments are often overwhelmed with today’s leads and more recent leads,” said Brigham. “It would be almost impossible and not very cost effective to have the sales staff reach out on a continual basis to every lead in the system up to six months old.”

Also it was found that of the total number of customers who purchased vehicles from these dealerships during the month of January, AVA had been in communication with 49.4% of them. Her involvement in approximately half of the stores’ business makes her a valuable asset to an Internet department’s sales staff. AVA never tires, takes a break or gets discouraged—she just continues to mine leads, contact fresh leads and notifies the sales staff when she sets appointments.

AVA is available directly from AutoFerret.com or through its partner reseller, AutoUSA Internet Sales Solutions.

 

About AutoFerret

AutoFerret.com is a fast-growing Internet technology company, founded in 2007 and based in Bellingham WA. AutoFerret develops cutting-edge web technologies, including inventory syndication tools, Facebook Apps and AVA. There are currently more than 3,000 automobile dealers across the United States, Canada, England, and Australia using one or more AutoFerret technologies. AutoFerret strives to maintain a highly successful and satisfied customer base by being agile, hyper-responsive, and creative in all aspects of their business. AutoFerret’s philosophy is to move quickly and decisively in response to customer feedback. For more information about AutoFerret.com, visit www.AutoFerret.com or call Ben Brigham at (888) 633-7738.

# # #

You must be logged in to comment

Login Create an account

Add your comments:

   

Industry Press Releases' Recent Posts

Related Posts

  • Are you trackin or trailin?

    Remember how slow the industry was to embrace the internet as a sales tool way back when? I do, I got into this business around the time the “fad” hit the noodles of dealers across the country. I found as a trainer for an automotive training company, there was a 33/33/33 factor when I would talk to dealers and management about it.   33% said the Internet was not a force to reckon with but a fad 33% said that they were “watching” to see how things developed but remained in park 33% started trying to figuring out how to engage but not really more than a little “figuring”   Then there was that 1% - they were actively moving into this new territory, making mistakes, figuring it out along the way with bumps, bruises and some pain. If someone was to do a survey of all dealerships that were around then and are still around today- I bet they would find that the 1% are the current industry leaders boasting the highest sales, largest grosses, l...Read post

  • Post Inventory the Right Way to Facebook

    Here’s the sad truth about the way that most dealers are posting their inventory to Facebook. It’s not getting seen. None of it. Not at all. Currently, there are three primary ways that dealers are posting their inventory to Facebook. The most common method is to have a tab on their Facebook page with their inventory. This doesn’t work. The click stats that we’ve studied using three different inventory types show that even the most active dealer Facebook pages are seeing next to zero traffic, clicks, or leads from this form of inventory posting. The reason is obvious – people don’t visit your Facebook page unless they get there through search, a link from your website, or an ad on Facebook. In these three scenarios, they’re either not interested in seeing you inventory (if they were, they’d just go to your website) of, in the case of referrals from your website itself, they’ve already seen it. Now they want to see you and your...Read post

  • 8 Best Ways To Crush It On Pinterest

    Yesterday's announcement about Pinterest's new product pages and feature enhancements has me all excited about this platform. This is clearly a sign of a new direction in web design, eCommerce models and especially mobile content creation and consumption. Bottom line, I love Pinterest and you should too. Read post

  • Electronic contracting

    Our dealership is a little behind the times when it comes to how we contract customers and get those contracts to the bank. We currently sign up our customers on a bank contract that gets mailed to the bank. The only lender that we currently do electronic contracting through is Ford motor credit. We would like to get set up with other banks/credit unions and make it to where we can electronically contract our customers and get funded faster. I was just wanting to get some pointers from dealers that are do well with this before I start making some changes. Is there a dms that works better than others in terms of pushing the customer's information? Is route one or dealertrack better? Are some lenders not even set up to do electronic contracting and I would be chasing my tail? Please let me know your thoughts.                            ...Read post

  • Penguin 2.0 – What you need to know (and do)!

    Penguin 2.0 has been rumored to be on the brink of release for a while now. Well it’s finally confirmed here by none other than Matt Cutts himself. We all know that it’s only a matter of time before all of the fear mongers start posting jargon-filled posts meant to scare you into paying for protection. Well I thought I’d attempt to beat them to the punch. Here’s what you need to know:   Original content is more important than ever. A big part of the original penguin and what’s being revised in 2.0 is how links are being built. Great content builds natural links. Period. If you are building links in any other way you are at risk of this and future spam updates. I know content can seem cumbersome but it’s not as bad as you think… Get signed up with webmaster tools! A great and much less ‘scary’ update will be the enhanced messaging through webmaster tools. If your site gets hacked, hit by this update or if any significant e...Read post

  • The Truth About Your Data

    The Truth About Your Data almost always begins with contracts.   I know that dealers are often unaware of the full content and ramifications of vendor and services contracts, and that's why the vendor's sales people make a visit and explain the service delivered by the contract.  To sell you on the value.  And the dealer applies his or her trust of the vendor, weighs the value of the vendor's service, and when he or she buys then makes that decision believing the description matches the service.   The problem can come for the dealer when, in the contract, as I put it, "The Large Print Giveth and The Fine Print Taketh Away".  And that can happen with your data, where it goes, and to what purposes it is put. For example, your vehicle inventory can be syndicated to whatever additional partner websites you allowed in your contracts with any vendor handling your inventory information--and you often don't kno...Read post

  • Did You Miss Last Week's Google+ Updates? Here's a Recap...

    by Kaitlyn Bender, Reputation Management Specialist By this point, we all know that the Google+ platform is ever-changing. So last week's updates should come as no surprise. We've done our best to break down the recent changes and highlight the most important features that will affect your dealership's third party business listing.Read post

  • Pinterest Prominently Pushes Products

    Pinterest is making some radical changes with regards to how their products are displayed and all of the information consumers need about them as well. They have clearly proven their image based grid layout is a huge favorite with consumers - page views, time spent on site, sharing and conversions leave everyone elese in the dust. Read post