Auto Dealer Monthly

JAN 2013

Auto Dealer Monthly Magazine is the daily operations publication serving the retail automotive industry. This automotive publication serves dealer principals, officers and general managers with the latest best practices.

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dealership operations / service because their approach is like trying to drive a car with no steering wheel. Sure, it will run but it isn't going to take you where you want to go. Salespeople cannot be expected to turn a sheet of equity information into a compelling reason to trade - unless they also have tools, training and a process to help them along. Now, let me share the basic building blocks of implementing a successful program for buying and selling vehicles out of your service drive. Create the Right Customer Experience The customer experience should be less of a traditional sales presentation and more of a customer service experience that will enhance your CSI and SSI. Let's face it - the traditional sales experience kills CSI and SSI. We need to turn the expectation a customer has of being "sold" into the shock of being "served." Use Technology Specifically Designed for the Service Drive Technology is critical to the success of your program, but not just any technology will do. The technology you choose should be built for the specific purpose of buying and selling vehicles out of your service drive. Be wary of trying to adapt a data mining tool or CRM tool to what you need. The technology should be built to fit into the selling process and it should be easy to use. Your technology should provide the following: • Daily management report that pairs appointments over the next seven days with key information including customer equity and book value. • Client information sheet that provides detailed information about the service customer. • Walk-in customer compatibility that allows you to bring the walk-in customer into the process. • Automated vehicle written offer to purchase. • Flexible equity calculator that can adapt to new information the customer provides. • Customer payment reduction analysis with gas and future maintenance cost savings estimates. Implement Proven Process and Procedures It is critical that your dealership utilizes proven process and procedures when tapping the service drive. The learning curve can be steep here, and you will lose too much business trying to figure it out yourself. Ensure Staff Accountability Even if you use the same technology as the most successful dealerships, you will fail 100 percent of the time without accountability. You need specific job descriptions, daily routines, call guides, scripts and pay plans. Your success depends on it. Implement Proper Training and Support This is may be the most important element of all to your success. Your team needs to be properly trained and supported if you want to achieve the greatest success. Track Results and Return on Investment You'll never know if you are succeeding unless you are tracking your activities and results. A well-implemented plan that supports all six of the building blocks listed above will take the guesswork and risk out of trying to successfully buy and sell vehicles out of your service drive. Do you want to increase your dealership's profitability? Start getting serious about buying and selling vehicles out of your service drive! 31

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