Mike Martinez

Company: izmocars

Mike Martinez Blog
Total Posts: 3    

Mike Martinez

izmocars

Jul 7, 2010

These guys just don’t seem to get it.  It’s an unseemly fight that Insignia is picking with Dealer Track (see below), to be caught in a war for a difference of less than $30 PNUR.  They’re missing the point because in this economy where every dollar counts, technology and tools are important but there’s much more money to be made with the right process in place.

Dealer’s using izmocars Add.On.Auto product, supported by our iConsult team of in-store consultants and process experts, realized an average PNUR of $455 in June, almost 3x that of Insignia, and more than 3x that of Dealer Track/Chrome.

But regardless whether or not you opt to use our tool, there are some key best practices that can really help:

 

Top Five Simple Tips to Rev Up Accessories Sales

 

  1. Take advantage of any “wait time” after the purchase has been negotiated and financing is being arranged to let the customer digitally configure their new vehicle with accessories.
  2. Find an online tool that can literally configure the exact vehicle (including the year, make, model, interior and exterior color) with accessories - on the fly - so the customer can immediately visual the enhancements.
  3. Interior accessories (like DVD players, navigation, dash kits, etc…) are critical to accessories profitability, so make sure the tool you choose has interior as well as exterior visualization and configuration capabilities. 
  4. Ease the financial pain by calculating the enhancements into the overall financing and monthly payment as well as providing the upfront price.

5.       Ensure that the accessories sales, financing, and installation process is coordinated across the entire dealership, facilitating the efforts of everyone involved (customer, sales, F&I, service, parts, management).  Your accessories sales efforts will crash and burn quickly if any one member of the value chain has a bad experience.

=====================================================================

From: Insignia [mailto:igmail@insigniagroup.com]
Sent: Wednesday, July 14, 2010 3:42 PM
Subject: [Spam] PNUR Higher with Insignia

<
http://www.insigniagroup.com/marketing/email/2010Temp2/Rework/headerbar.png>    
GM DEALERS USING INSIGNIA - AVG. PNUR $165 vs $137   
July 14, 2010:

Analysis of 2010 PNUR data reveal higher accessories sales from GM Dealers using Insignia.

<
http://www.insigniagroup.com/marketing/email/2010Temp2/Rework/Illustration7.jpg>

Bottom line: dealers using Insignia sell more GM Accessories. Despite nearly a year of GM forcing the use of Chrome, 14 of the 20 highest volume accessories dealers still use Insignia - including the highest volume and PNUR dealer. 

The PNUR data from January to May 2010 reflects the realities that dealers using Insignia have a higher PNUR ($165 average) than dealers not using Insignia ($137 average).

No other system offers the features, service, value and track record of success like Insignia.

"Pay for what you get - get what you pay for," says David Perry, parts manager of Suttle Motors, (PNUR $241). "From what I have seen, the Chrome product leaves a lot to be desired. GM should concentrate on building vehicles and producing parts - not pushing software."

According to Steve Meadows, parts manager of Serra Buick-Pontiac-GMC-Cadillac (PNUR $166): “We signed up for Chrome and kept our Insignia site to compare them. After using the Chrome system, we decided to stay with Insignia because it offers more and is easier to use.”

In fact, dealers like Jon Hall Chevrolet - highest car volume dealer in Florida (PNUR $173) - stayed with Insignia. Parts manager, Scott Bowser, says: "Our accessories sales are up 37% for the year with a 45% increase in May."

Are your sales numbers up? You can do more. We will show you how.

Dealers that want to sell accessories and make it a part of their overall dealership success use Insignia. CALL US 888-579-4458 ext. 3.

THE STANDARD IN ACCESSORIES SALES

In 2008, Insignia launched the only accessories selling guarantee. It was simple: use our product with our process and we would guarantee accessories profits.

Since that time, Insignia has trained countless dealerships and dealer groups to achieve success and profits.

Insignia offers the "whole" package:

*    Fully researched, accurate and timely GM Accessory data - Let us prove it.
*    Easy to use and understand interface for customers and sales/service staff.
*    Complete process support through our system that set the standard and is still unmatched by the competition.
*    REAL people; REAL experienced Customer Support with nearly a DECADE of working with GM dealers.
*    REAL in-store accessories sales process training - stop trying to learn a new program. Use what is easiest and proven to work.
*    Dealership web site integration and support - perfect with your Cobalt site!
*    360-degree vehicle configurator views - soon to include interiors!
*    Feature-rich fixed operations support and order processing - since 2005.
*    DMS integration to ADP Systems.
*    Kiosk and flat screen offerings for merchandising and presentation.


Mike Martinez

izmocars

Chief Marketing Officer

1858

No Comments

Mike Martinez

izmocars

Jul 7, 2010

These guys just don’t seem to get it.  It’s an unseemly fight that Insignia is picking with Dealer Track (see below), to be caught in a war for a difference of less than $30 PNUR.  They’re missing the point because in this economy where every dollar counts, technology and tools are important but there’s much more money to be made with the right process in place.

Dealer’s using izmocars Add.On.Auto product, supported by our iConsult team of in-store consultants and process experts, realized an average PNUR of $455 in June, almost 3x that of Insignia, and more than 3x that of Dealer Track/Chrome.

But regardless whether or not you opt to use our tool, there are some key best practices that can really help:

 

Top Five Simple Tips to Rev Up Accessories Sales

 

  1. Take advantage of any “wait time” after the purchase has been negotiated and financing is being arranged to let the customer digitally configure their new vehicle with accessories.
  2. Find an online tool that can literally configure the exact vehicle (including the year, make, model, interior and exterior color) with accessories - on the fly - so the customer can immediately visual the enhancements.
  3. Interior accessories (like DVD players, navigation, dash kits, etc…) are critical to accessories profitability, so make sure the tool you choose has interior as well as exterior visualization and configuration capabilities. 
  4. Ease the financial pain by calculating the enhancements into the overall financing and monthly payment as well as providing the upfront price.

5.       Ensure that the accessories sales, financing, and installation process is coordinated across the entire dealership, facilitating the efforts of everyone involved (customer, sales, F&I, service, parts, management).  Your accessories sales efforts will crash and burn quickly if any one member of the value chain has a bad experience.

=====================================================================

From: Insignia [mailto:igmail@insigniagroup.com]
Sent: Wednesday, July 14, 2010 3:42 PM
Subject: [Spam] PNUR Higher with Insignia

<
http://www.insigniagroup.com/marketing/email/2010Temp2/Rework/headerbar.png>    
GM DEALERS USING INSIGNIA - AVG. PNUR $165 vs $137   
July 14, 2010:

Analysis of 2010 PNUR data reveal higher accessories sales from GM Dealers using Insignia.

<
http://www.insigniagroup.com/marketing/email/2010Temp2/Rework/Illustration7.jpg>

Bottom line: dealers using Insignia sell more GM Accessories. Despite nearly a year of GM forcing the use of Chrome, 14 of the 20 highest volume accessories dealers still use Insignia - including the highest volume and PNUR dealer. 

The PNUR data from January to May 2010 reflects the realities that dealers using Insignia have a higher PNUR ($165 average) than dealers not using Insignia ($137 average).

No other system offers the features, service, value and track record of success like Insignia.

"Pay for what you get - get what you pay for," says David Perry, parts manager of Suttle Motors, (PNUR $241). "From what I have seen, the Chrome product leaves a lot to be desired. GM should concentrate on building vehicles and producing parts - not pushing software."

According to Steve Meadows, parts manager of Serra Buick-Pontiac-GMC-Cadillac (PNUR $166): “We signed up for Chrome and kept our Insignia site to compare them. After using the Chrome system, we decided to stay with Insignia because it offers more and is easier to use.”

In fact, dealers like Jon Hall Chevrolet - highest car volume dealer in Florida (PNUR $173) - stayed with Insignia. Parts manager, Scott Bowser, says: "Our accessories sales are up 37% for the year with a 45% increase in May."

Are your sales numbers up? You can do more. We will show you how.

Dealers that want to sell accessories and make it a part of their overall dealership success use Insignia. CALL US 888-579-4458 ext. 3.

THE STANDARD IN ACCESSORIES SALES

In 2008, Insignia launched the only accessories selling guarantee. It was simple: use our product with our process and we would guarantee accessories profits.

Since that time, Insignia has trained countless dealerships and dealer groups to achieve success and profits.

Insignia offers the "whole" package:

*    Fully researched, accurate and timely GM Accessory data - Let us prove it.
*    Easy to use and understand interface for customers and sales/service staff.
*    Complete process support through our system that set the standard and is still unmatched by the competition.
*    REAL people; REAL experienced Customer Support with nearly a DECADE of working with GM dealers.
*    REAL in-store accessories sales process training - stop trying to learn a new program. Use what is easiest and proven to work.
*    Dealership web site integration and support - perfect with your Cobalt site!
*    360-degree vehicle configurator views - soon to include interiors!
*    Feature-rich fixed operations support and order processing - since 2005.
*    DMS integration to ADP Systems.
*    Kiosk and flat screen offerings for merchandising and presentation.


Mike Martinez

izmocars

Chief Marketing Officer

1858

No Comments

Mike Martinez

izmocars

Jun 6, 2010

It’s hard to believe, but true:  dealerships are leaving almost a million dollars per store, on average, per year in accessories sales literally on the showroom floor.  At a time when dealership profits are being squeezed like never before, one of the highest margin opportunities available – vehicle accessories sales - simply isn’t being leveraged in most dealerships. 

The data shows that the accessories market has grown dramatically over the past years and it appears that even with (or perhaps because of) the current economic environment consumers are more receptive than ever to enhancing their vehicle both inside and out with aftermarket accessory products.  Furthermore the data shows that consumers would prefer to purchase accessories from their dealership.  So why are dealerships only capturing about 10 – 17% of the market, while aftermarket chains and web sites are cleaning up?

 We think it truly is a case of timing (and that little thing called process) being everything:  In a recent national study of 120-plus dealerships, we found that one in two new vehicle buyers will purchase accessories if they are properly presented at the time of purchase with a rich visualization of the potential enhancements to the car they are purchasing.  What did this mean in terms of revenue for these dealers? The average dealership in the study generated $400-$600 in accessory-revenue-per-vehicle-sold, up from $80-$120 per vehicle sold before the new process was implemented. 

 It’s right there in the numbers:  With the right tools and process, dealerships can literally increase their accessories revenue per vehicle sold by 500%.

 The fact is that dealerships actually have powerful, built-in advantages to ‘own’ far more of the accessories market than they do today. Psychologically, consumers are far more likely to spend on accessories at that exciting “sweet spot” moment of purchase.  And with consumers being much more careful with their dollars, using a process that shows the consumer how easily the cost of the accessories can be added into their monthly payment makes for a much more consumer-friendly environment.  But, with dealership resources strained and so much energy spent on the actual sale and the ongoing challenges of financing in today’s market – not to mention the literally millions of accessory variables and pricing combinations – it’s no wonder that the accessories opportunity slips through the cracks. But with online tools like our AOA product available on the market making the process easier, we believe that dealerships are well-positioned to ramp up their aftermarket profits.

 In our study, dealerships used our AOA product to generate the $500-$1,000 in additional revenue, per vehicle sold.  But whether or not you opt to use our tool there are some key best practices that can really help you cut a bigger slice of that pie:

Key best practices?

  • Take advantage of any “wait time” after the purchase has been negotiated and financing is being arranged to let the customer digitally configure their new vehicle with accessories.
  • Find an online tool that can literally configure the exact vehicle (including the year, make, model, interior and exterior color) with the accessories on the fly so the customer can immediately visual the enhancements.
  • Interior accessories (like DVD players, navigation, dash kits, etc…) are critical to your accessories profitability, so make sure the tool you choose has interior as well as exterior visualization capabilities.
     
  • Ease the financial pain by calculating the enhancements into the overall financing and monthly payment as well as providing the upfront price.
  • Ensure that the accessories sales, financing, and installation process is coordinated across the entire dealership, facilitating the efforts of everyone involved (customer, sales, F&I, service, parts, management).  Your accessories sales efforts will crash and burn quickly if any one member of the value chain has a bad experience.

 

Mike Martinez

izmocars

Chief Marketing Officer

1735

No Comments

Mike Martinez

izmocars

Jun 6, 2010

It’s hard to believe, but true:  dealerships are leaving almost a million dollars per store, on average, per year in accessories sales literally on the showroom floor.  At a time when dealership profits are being squeezed like never before, one of the highest margin opportunities available – vehicle accessories sales - simply isn’t being leveraged in most dealerships. 

The data shows that the accessories market has grown dramatically over the past years and it appears that even with (or perhaps because of) the current economic environment consumers are more receptive than ever to enhancing their vehicle both inside and out with aftermarket accessory products.  Furthermore the data shows that consumers would prefer to purchase accessories from their dealership.  So why are dealerships only capturing about 10 – 17% of the market, while aftermarket chains and web sites are cleaning up?

 We think it truly is a case of timing (and that little thing called process) being everything:  In a recent national study of 120-plus dealerships, we found that one in two new vehicle buyers will purchase accessories if they are properly presented at the time of purchase with a rich visualization of the potential enhancements to the car they are purchasing.  What did this mean in terms of revenue for these dealers? The average dealership in the study generated $400-$600 in accessory-revenue-per-vehicle-sold, up from $80-$120 per vehicle sold before the new process was implemented. 

 It’s right there in the numbers:  With the right tools and process, dealerships can literally increase their accessories revenue per vehicle sold by 500%.

 The fact is that dealerships actually have powerful, built-in advantages to ‘own’ far more of the accessories market than they do today. Psychologically, consumers are far more likely to spend on accessories at that exciting “sweet spot” moment of purchase.  And with consumers being much more careful with their dollars, using a process that shows the consumer how easily the cost of the accessories can be added into their monthly payment makes for a much more consumer-friendly environment.  But, with dealership resources strained and so much energy spent on the actual sale and the ongoing challenges of financing in today’s market – not to mention the literally millions of accessory variables and pricing combinations – it’s no wonder that the accessories opportunity slips through the cracks. But with online tools like our AOA product available on the market making the process easier, we believe that dealerships are well-positioned to ramp up their aftermarket profits.

 In our study, dealerships used our AOA product to generate the $500-$1,000 in additional revenue, per vehicle sold.  But whether or not you opt to use our tool there are some key best practices that can really help you cut a bigger slice of that pie:

Key best practices?

  • Take advantage of any “wait time” after the purchase has been negotiated and financing is being arranged to let the customer digitally configure their new vehicle with accessories.
  • Find an online tool that can literally configure the exact vehicle (including the year, make, model, interior and exterior color) with the accessories on the fly so the customer can immediately visual the enhancements.
  • Interior accessories (like DVD players, navigation, dash kits, etc…) are critical to your accessories profitability, so make sure the tool you choose has interior as well as exterior visualization capabilities.
     
  • Ease the financial pain by calculating the enhancements into the overall financing and monthly payment as well as providing the upfront price.
  • Ensure that the accessories sales, financing, and installation process is coordinated across the entire dealership, facilitating the efforts of everyone involved (customer, sales, F&I, service, parts, management).  Your accessories sales efforts will crash and burn quickly if any one member of the value chain has a bad experience.

 

Mike Martinez

izmocars

Chief Marketing Officer

1735

No Comments

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