CDK's purchase of Auto/Mate may create a major disruption in the dealer management system (DMS) industry. Here is our take. DOWNLOAD
In my capacity at DrivingSales I get the opportunity to analyze the Internet Lead Response Process of many dealers. The results certainly are varied and surprises pop up almost daily. These surprises are often received less than favorably by the dealer and understandably so. Dealer Principals and General Managers are confident that their process and response times are solid, that is until they see some actual results.
Yesterday I took a random sampling of the last 10 Process Analysis Reports that I prepared for dealers and there are certainly some trends that jump out very quickly. 7 of the 10 were completed while talking to the DP's and GM's at the NADA convention and the remaining 3 were completed just before.
Take a look at some of these statistics:
Ok, I'm done discussing the gloom and doom of poor lead handling and the pitfalls that they present to dealerships and the money that it costs them every day. I'm done mentioning that the disconnect that exists between the investment that the dealer makes in new technology tools and digital marketing and the execution that actually takes place in the trenches is bleeding dollars through the back door. I'm also done mentioning that over 95% of car shoppers and buyers today require a professional online experience in order to consider giving a dealership their business.
Good news! The 10 dealers who received these reports (after they stopped fuming) saw a great area of opportunity where they could, kindly and lovingly, coach their teams on the benefit of tightening up these processes. Benefit #1: Job Security!
My advice, take the time to analyze your process and see if there is some opportunity that your dealership may be missing. The ROI on the time you spend doing so will make you smile.
Let's move some metal!