DrivingSales
Show Me the Money” or at Least Your Call Stats… Just Communicate
Does it ever seem like the auto industry learned how to run business development centers (BDC) from Rod Tidwell (Cuba Gooding, Jr.) and Jerry Maguire (Tom Cruise) in the film Jerry Maguire? Constant instructions to, “Show me the money!” Or, in our case, “Show me the numbers!” Although every dealer reviews their financial statement and numerous KPIs for every department on a monthly basis, few departments are held accountable to the numbers like a BDC. Why is that? What makes us treat them differently?
Every dealer is being held accountable for their numbers by the manufacturer. If not the manufacturer, then it's your 20-group. And if not the 20-group, it’s your own goals. No matter the source of the KPI standard, you have a goal designed to help you push forward to achieve success. Since we are all accustomed to goal setting, it was easy applying this same approach to our newest department: the BDC. But BDCs aren’t new. They have been around since the ‘80s, and nearly every dealership has some variation, but we still treat them differently than our other departments with the typical reasoning of, “this is how we’ve always done it.”
And you’re right… successful BDCs are managed by the numbers and, whether sales or service-focused, the team members are accustomed to regular check-ins about their call and appointment stats. These check-ins allow their leader to catch small issues before they become huge problems. So why aren’t we doing the same thing with our sales and service teams? “We’re too busy!” is what many sales managers or service managers would tell you. We also have to consider how the check-ins are being handled in our BDCs.
According to JMA Group, “the employee turnover rate in the automotive industry is 46%, an all-time high.” We need to stop looking at check-ins as a negative experience and consider all the positives. Cox Automotive found that ⅓ of non-management dealership employees do not feel engaged or excited about their jobs. Check-ins are our opportunity to engage our team, but how we approach the meeting will often determine the outcome.
So how can we engage but not enrage? First, we need to make sure our team is aware of what success looks like. Then, let’s start with listening instead of commanding. The best leaders listen, but in automotive, that crucial skill is rarely revered. So why not try it out? And as your team “shows you the numbers,” you will be able to help “show them the money!”
If you want to learn more about creating scorecards for your team, register for one of our Master Classes or reach out to me or any member of our Human Capital Management team. We would be happy to walk you through this easy process.
So I’m going to stop typing and start listening… Let me know what you think in the comments below.
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6 Comments
Bryant Gibby
Driving Sales
Thanks for this post J.D! Crazy how high the employee retention rate has raised to. It’s nuts that some dealers don’t realize it is a self-inflicted wound for the most part. Do you know what that statistic is for just salespeople? I assume that 46% is across the entire dealership.
J.D. Mixon
DrivingSales
Their research showed annual turnover in excess of 80% for sales consultants. Oddly enough, employee turnover was a high concern for only 25% of dealers surveyed.
Renee Juarez
Gilbert Family of Companies
Having worked and managed our dealership's BDC, I can attest to this. The expectations of my team were not to just meet our monthly goals but to be the best at handling our customers' needs whether it be a service appointment or a sales question. Where it is an expectation for my BDC Team, it was only a "suggestion" in my eyes to the other managers. Great post, J.D.!
Carol Nelson
Great read, J.D.!
Rob Canales
Traver Connect
So glad to see this article! Good stuff JD. If you want to see a new BDC application that we've developed that will "Show you the money" from different angles give me a shout. I promise you will be impressed.
Dylan Werner
DrivingSales
I love this! The importance of listening and communicating is relevant in any business. Thanks J.D.!