Women-Drivers.com LLC
Women’s 2017 Top Rated Car Brands when Purchasing
According to Autodata,17.6 million new vehicles were sold last year, setting a record for cars and trucks. One distinct group of consumers contributed an estimate 8.0 million units to that total: women buyers.
Dealers seeking to sell more to this critical market segment can start taking new actions and, in the process, collect data to improve the purchasing, service drive and shopping experiences for this powerful buyer.
By the Numbers
From our 2017 US Women’s Car Dealership Report, game changing data offers a new view of the car buying experience for brands rated and ranked by 4,653 women when ‘purchasing’ at their dealership.
- Optimizing Sales – 54% go to 1 dealer; 46% of women shop at 3.2 dealers to find the right dealership “fit”
- Enhancing Value Propositions – Women buy from trusted dealers with sterling reputations; 6 in 10 do not buy from the closest dealer
- Increasing Customer Satisfaction – High Sales Advisor EQ is a No. 1 purchase motivator
Fuel for Thought Leaders
Certified Trusted Dealer satisfaction scores among women are on the rise with an outstanding cumulative score of 97.1 percent. Invariably, these stores are experiencing higher CSI, higher gross margin dollars, increased service visits, more loyalty & retention, and more reviews and better reputations.
The results are straightforward. Positive reviews from women demonstrate how car dealers are showing respect for women during the car shopping and purchase process, earning their trust, their business and long-term loyalty. It’s is a win-win.
Women-Drivers.com LLC
Women’s #1 Digital Destination is Your Website | 7 Ways to Engage
An estimated 8.2 million new cars will be bought by women this year. It is critical that dealers’ websites cater to this substantial segment of the market.
The good news? The #1 digital resource women report using first is their local dealership’s website. In our 2017 US Women’s Car Dealership Report, 76.3% of women said it was “helpful or informative.”
7 Ways to Attract More Women Buyers
1. Create a community/ lifestyle page, and use them to highlight your vehicles within various social and lifestyle settings.
2. Include online games in your social media platforms and link them back to your website, where users can collect prizes.
3. Create “how-to” videos for women and post them on your website and on YouTube. Focus on the owner experience.
4. Fill your website with lifestyle photos featuring diverse women and families.
5. Create engaging content that highlights the various stages of the vehicle-ownership experience.
6. Create women-centric ads that speak to what matters to women. Differentiate your dealership from the rest of the pack.
7. Highlight current dealer reviews from women, for women.
For example, here is the dealer’s customized Women’s Car Guide that provides educational + engaging content to leads, guests and clients. It builds trusts, has women stay on your site longer, and demonstrates you care. Reviews are integrated. Mobile platform available.
Women's Car Guide
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Dealer Synergy
You're very welcome! This is such a great article. it gives a vast variety of great ways to engage women. I myself am looking to purchase a new vehicle and would love to experience some of these factors at a dealership.
Women-Drivers.com LLC
Women’s Buying Trends & Best Practices to Put Women in the Driver’s Seat
In today’s hyper-competitive industry, women buyers are crucial for dealer’s success. Almost 8 million new cars are being purchased by women alone. And, Certified Trusted Dealers are expanding their business to this powerful buying segment. In fact, these Certified Trusted Dealers have a cumulative 97.1% satisfaction score vs non-certified trusted dealers 85.5% satisfaction score. What a difference!
Women-Drivers has just compiled our annual comprehensive report on women’s Purchasing, Shopping and Service Drive trends, experiences and preferences.
Click for access to the 2017 US Women’s Car Dealer Report & Trends. Best business practices are included to elevate your female client experience to help your store achieve increased market share, sales and retention.
Here are some game-changing data points to keep in mind:
- 45% of women purchase cars by themselves
- 53% of millennial car buyers are women
- 38% of women out-earn their husbands
- 56% of women do not buy from the brand dealer closest to their home
What actions do you have in place or will you implement to be a destination dealership for women+families?
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Women-Drivers.com LLC
Ian, thanks and I hope there are take-aways here for you and your team to implement to expand your marketshare. Kind regards,
Women-Drivers.com LLC
BREAKING NEWS | 2017 US Women's Car Dealer Report
In today’s competitive marketplace, women buyers are crucial for auto dealer’s success.
As the #BigDataAuthority we are thrilled to publish the all-inclusive 2017 US Women’s Car Dealer Report that shares trends, behaviors, preferences and experiences women have when Purchasing, Shopping and in the Service Drive.
It’s not enough to just ‘know’ women’s habits when purchasing a vehicle at a dealership. ‘Knowing’ doesn’t make a difference.
Dealers that are taking action to market, to engage and to set forth a plan of adding value when selling to women are the ones winning their business.
We measured Certified Trusted Dealers satisfaction scores. In this year’s report, we share best business practices to elevate the client and guest experience to assist you in getting out of your comfort zone. It’s up to you. Stay the course, or apply new ideas, practices and methods to achieve a higher market share, retention and loyalty.
DOWNLOAD 2017 US WOMEN’S CAR DEALERSHIP REPORT HERE
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Women-Drivers.com LLC
Top 17 Items on Womens New Years Wish List
Below are the top 17 items on women’s New Year’s list when it comes to car dealerships and the service drive for 2017. Here’s an opportunity to add some new options to market and engage to the growing car drivers and buyers and expand your business.
At The Dealership
1. Buying a car in a relaxed, zero pressure environment.
2. Child care made available during the test drive and negotiation process.
3. A 3-day return program which instills a boost of buyer confidence.
4. Sales advisors with high emotional intelligence who have the capacity to recognize buyers’ emotions and guide the process accordingly.
5. Privacy when buying a vehicle. Preferably one that doesn’t include old grey cubicles.
6. A warm sales environment with aesthetics including artwork, paint, plants, and graphics portraying a balanced demographic.
7. A more balanced demographic among sales and service advisors.
8. Current, easy-to-find, authentic reviews showcasing how the dealership interacts with women buyers.
9. Dealers that offer seminars on the latest car technology, insurance savings, mobile apps, and other useful information.
10. Home and workplace test drive delivery.
11. Complimentary child car seat seminars and fittings. Talk about building customer loyalty.
In The Service Drive
12. Longer service hours to accommodate working women.
13. Yoga or work out room while waiting for car to be serviced.
14. Mobile repair dealership that will come to customers’ homes to do oil changes, put snow tires on, etc.
15. Loaner vehicles for women. This is the #1 requested item by women.
16. Kid-friendly play areas, café areas, and wifi are all huge perks.
17. A stop-in-anytime pass for free car washes. Great loyalty builder.
Engage More Women in 2017
Looking for ways to engage more women buyers in 2017? Click Here.
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Women-Drivers.com LLC
Brag Boards & Exploration Boards and the Difference in Mindset they Offer Your Dealership
Does your dealership brag about your reputation? Do you constantly explore new ways to improve your interactions with customers and employees?
Brag Boards
Women rely on reviews 50% more than men and especially like reviews by other women. Reviews act as your 24 x 7 brag board by letting others hear the voice of your customer champions.
- Be sure reviews are front and center on your website and social media efforts.
- Don’t limit your reviews to only glowing comments or they will look pre-screened. Show how you readily solve problems.
- Post reviews in plain site. Include reviews where customers will stop and pause, like in your service lounge.
- Encourage customers to write reviews about their visit. Let them know you are using their ideas to improve your ability to deliver outstanding service.
Explorations Boards
An exploration board is today’s “suggestion box.” An exploration board is very open and inclusive. Dealerships can start the conversation by using “what if” statements to get people thinking about specific topics, like:
- What if each sales advisor sold an additional 3 cars this month?
- What if prospects were immediately comfortable when they walked in your showroom?
- What if today was the top selling-day of the year?
Here are tips for getting an Exploration Board started at your store:
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The board is to be presented in a non-threatening way to gain participation from all. Using first names or initials keeps the suggestions positive. Everyone’s participation is encouraged, and must be met with respect.
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Allow ongoing discussion of the ideas. Bring the exploration topics to staff meetings to encourage continuation of the conversation.
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Pick specific topics from the board to keep the discussion going. Turn suggestions into a new plan, adding metrics and goals. Post the results.
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Reward employees for participation. Let people know that their ideas can be brought to fruition.
Encouraging participation and showing the results makes a difference in your employees’ performance, and ultimately will drive more dollars to your store, boost morale and encourage healthy competition. Customers will feel that you are interested in their feelings and perceptions.
Employees whose ideas matter become happy employees, stay longer and interact better with customers. And that is really something to brag about!
2 Comments
DrivingSales
Reviews are really great for dealerships, another thing that is valuable is to rate the vendors that you use so they can also get feedback, and you can help others in the industry! Check out our vendor ratings to start your reviews!
Women-Drivers.com LLC
How Your Dealership Can Capitalize on Emoji’s
Last time, we discussed how imperative it is for your sales advisors to recognize, understand and empathize with the emotions of each buyer. Discerning emotions can impact the approach and the sale. And this, readers, directly influences your dealership’s reputation!
Women & Reviews: A Closer Look
Women-Drivers Certified Trusted Dealers have a 92% Satisfaction Rating which is 23% higher than Non-Certified Dealers. How does this translate to your CSI and Retention Rate?
In a BIG way.
Maybe it's time for you to consider what the cost is of not having a marketing plan to women. Learn More Now.
First to Market: Emoji’s Boost Sales & Reputation
Emojis are pervasive in social media, and serve an important purpose. Since emoji’s are so common, people have adapted to both selecting and interpreting the meaning behind them.
Since women rely on dealer reviews 50% more than men, it is important that women not only be able to read reviews by other women, but that can see at-a-glance summary of someone’s experience. Women-Drivers.com added emoji’s to help reviews better identify their feelings. And, it's quick.
How can your dealership capitalize on the use of emoji’s? Ultimately, the emotions experienced go beyond classification within a few emoticons. Emotions make up a large part of a shopper’s experience. This will result in happy, smiley faces on both your customers and in your reviews! And, your bottom line.
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Women-Drivers.com LLC
Do emotions play a part in the process?
Car Buying and Emotions, Part I
Women shop and buy cars for a number of reasons, but regardless of the reason, emotions are involved in every step. The emotional range can start with excitement about the prospects of a new car, to apprehension when signing papers, to frustration when taking a car in for service.
Why Emotions Matter
During the buying process, your customers will experience a range of emotions. You know this. It is important to understand how these emotions ultimately end up reflecting on your dealership.
Women-Drivers.com has tracked the emotions reported by 3,105 women car buyers, and they are:
- Excited 55.7%
- Relaxed 34.4%
- Confident 30.7%
- Apprehensive 30.3%
- Nervous 25.8%
- Overwhelmed 20.1%
- Intimidated 11.4%
- Confused 8.6%
- Frustrated 8.6%
These percentages add up to more than 100% because respondents can submit multiple answers.
It’s key for your sales advisors to recognize and understand these emotions. They are a normal part of the buying process for any large-ticket item. What becomes important is the ability to discern if these emotions are helping or hurting the approach. Savvy advisors ask the right questions to see if the negative emotions can be minimized by assisting a female buyer to feel more comfortable with the decision being made.
For example, a buyer who is overwhelmed or confused can easily decide to stop the process before it is completed. Recognizing these emotions and taking steps to clarify any buyer’s questions can mean the difference between saving and losing a sale. A buyer’s frustrations can be mitigated by streamlining the sales and financing process to eliminate wasted time.
Emotions make up a large part of a shopper’s experience, and smart dealerships will learn to monitor and do what is necessary to keep the emotions on the positive side.
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Women-Drivers.com LLC
White Paper: How to Increase Sales to Women Buyers by $6 Million
Women-Drivers.com is excited to bring you this white paper on how you can generate up to $6,000,000 in annual sales to women. Now is the time to strengthen your position and turn your dealership into a destination for the fastest car buying segment. The headlines are reading how business is only getting tougher. Is it really going to finish up at another 17.5 million unit year? How will your store stack up?
DOWNLOAD YOUR WHITE PAPER NOW.
This white paper enables dealers to train their sales team and help develop new attitudes and behaviors to sell more cars. The bonus tracking worksheet allows GSM’s and SM’s to measure female guests (ups), referrals, and sales to measure this growth over time. CSI and retention are improved, too.
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Women-Drivers.com LLC
Use Attention and Intention to Increase Sales to Women
Unprecedented, Yet Simple Tracking Worksheet Helps Build Your Business
There remains an untapped opportunity in your sales plan now to implement. This will make a huge impact just by tracking and measuring a few new metrics.
Follow this: While half of car buyers are women, and that percentage increases to 53% for millennial women. 1 in 3 women out earn their husbands.
But how successful is your dealership in converting women guests? How many guests actually buy? Are you aware how these buyers find out about your store? How can you grow what you don’t track and measure?
Tracking 5 Results to Analyze Success
Using our new worksheet*, track these 5 key stats each week and month:
1. Number of Female Guests: This statistic applies to a woman who comes into a dealership to buy a car for which she will be the registered owner. This applies to a woman shopping by herself, or with someone else, as long as the car is specifically for her.
2. Number of Female Referrals: Inquire at the beginning if the guest was specifically referred by someone else. This someone else could be a friend, a Facebook friend, a Women-Drivers Certified Trusted Dealer or a review by someone online.
3. Number of Female Sales: This is the number of sales to women each week and month.
4. Total Sales: Total ALL sales for your dealership by week and month.
5. % of Total Sales to Women: This is the percentage of sales to women compared to all sales for the week and month. This provides an at-a-glance view of how your store compares to the national numbers for sales to women.
DOWNLOAD THE TRACKING WORKSHEET TO MEASURE AND GROW YOUR
FEMALE GUESTS, CONVERSIONS & BUYERS NOW
What You Put Your Attention On Grows
When you begin to track these numbers, several things will occur:
1. The attention of the sales team will be drawn to the figures being tracked. The numbers will be front and center. If your conversion numbers are low, you will implement strategies to raise them.
2. Focusing on the numbers elevates their importance. Understanding that the intent is to increase sales to women will increase your overall sales!
3. Tracking referrals helps you understand how well you are being perceived. It’s nice when a customer sees your advertising, but a customer who has been referred already has a positive outlook coming in.
Formal tracking of guest numbers and conversions is the first step toward capturing the valuable market segment of women buyers and becoming a destination dealership in your region.
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