Cyberlead, Inc. https://www.cyberleadinc.com #1 Subprime Auto Lead Provider Wed, 14 Aug 2024 14:49:14 +0000 en-US hourly 1 https://www.cyberleadinc.com/wp-content/uploads/2019/12/cropped-cyber-bullet-point-1-32x32.png Cyberlead, Inc. https://www.cyberleadinc.com 32 32 The Importance of Personalizing the Subprime Auto Lead Buying Journey https://www.cyberleadinc.com/blog/personalizing-subprime-auto-lead-buying-journey/ https://www.cyberleadinc.com/blog/personalizing-subprime-auto-lead-buying-journey/#respond Thu, 02 May 2024 20:56:19 +0000 https://www.cyberleadinc.com/?p=7279 In recent years, the subprime auto lead industry has progressed with a heightened emphasis on delivering customized experiences for consumers. The advent of online shopping and a more interconnected world has resulted in customers demanding more from their purchasing journeys and personalization plays a critical role in fulfilling these expectations. This blog post delves into […]

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In recent years, the subprime auto lead industry has progressed with a heightened emphasis on delivering customized experiences for consumers. The advent of online shopping and a more interconnected world has resulted in customers demanding more from their purchasing journeys and personalization plays a critical role in fulfilling these expectations.

This blog post delves into the significance of tailoring the subprime auto lead buying journey and how it can affect customer satisfaction and commitment. We will also examine some established practices and approaches to personalizing the subprime auto lead buying journey and how you can begin.

The Importance of Personalization:

The subprime auto lead industry has placed greater importance on personalization as customers have raised their standards for their purchasing experiences. Personalization results in a more unique and tailored experience that makes customers feel recognized and valued. This can lead to improved customer satisfaction and loyalty, as well as a higher chance of repeat business.

Personalizing the subprime auto lead buying journey also plays a role in establishing trust and credibility with customers. By comprehending their requirements and preferences, you can offer more relevant and valuable information, which strengthens your relationship with your customers. This also differentiates your business from your competitors and makes it easier for customers to find what they’re searching for.

Strategies and Best Practices for Personalizing the Subprime Auto Lead Buying Journey:

There are several strategies and best practices to consider when personalizing the subprime auto lead buying journey, such as:

Collecting Customer Data: Personalizing the subprime auto lead buying journey starts with collecting customer data. This can encompass information about their purchasing habits, preferences, and requirements. This data can be obtained through customer surveys, feedback sessions, and online analytics.

Segmenting Customers: After collecting customer data, it can be used to segment customers into different groups based on their preferences and requirements. This allows you to tailor your messaging and content to each group, making it more relevant and valuable.

Supplying Relevant Information: Using the customer data collected, relevant information and suggestions can be provided to customers during their buying journey. This can include product features, financing options, and more.

Providing Personalized Recommendations: By understanding the customers’ preferences and requirements, you can offer personalized recommendations to help them find the best products and services to meet their needs.

Establishing Strong Relationships: Personalizing the subprime auto lead buying journey is also about building strong relationships with your customers. By understanding their needs and preferences, you can provide a more personalized experience, which creates a stronger connection with your customers.

In conclusion, personalizing the subprime auto lead buying journey is essential for providing a favorable customer experience and constructing strong relationships with your customers. By collecting customer data, segmenting customers, supplying relevant information, providing personalized recommendations, and establishing strong relationships, you can create a more customized buying journey that meets the needs and expectations of your customers.

By following these best practices and strategies, you can set your business apart from your competitors, build trust and credibility with your customers, and increase customer satisfaction and loyalty. Commence personalizing your subprime auto lead buying journey now and reap the rewards of a more personalized and tailored experience for your customers.

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6 Top Automotive CRMs & How They Can Change Your Dealership https://www.cyberleadinc.com/blog/automotive-crm-software/ Fri, 26 Apr 2024 19:51:02 +0000 https://www.cyberleadinc.com/?p=4465 If you are a car dealer and you are looking for a tool or strategy to improve your operation, then, the customer relationship management (CRM) software for car dealerships is the best app for you. With the advent of the Internet, an automotive CRM allows auto dealers like you to manage your operations smoothly and […]

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If you are a car dealer and you are looking for a tool or strategy to improve your operation, then, the customer relationship management (CRM) software for car dealerships is the best app for you. With the advent of the Internet, an automotive CRM allows auto dealers like you to manage your operations smoothly and boost your sales.

In the early days, car dealers used different marketing strategies like emotional phone calls and newspaper advertising to attract the attention of prospective buyers.

Thanks to auto CRMs, buyers can now look for potential cars to buy at your website before visiting your dealership.

What is an Automotive CRM?

As the term suggests, an automotive CRM is software primarily intended for car dealerships to manage their interactions and relationships with existing customers and prospective clients.

Auto CRMs also enables vehicle dealers to track their interaction with customers via different touchpoints like emails, search engines, contact forms, social media, and phone calls.

Benefits of Auto CRM Software to Car Dealerships

Investing in software for your car dealership can be the best decision you’ve made as a dealer. Here are some ways the software can help in managing your business and improve your relationships with customers:

  • Allows potential buyers to browse the vehicle models at your site and select the right one before visiting your store
  • Enhances engagement with customers through online communication months before the actual purchase
  • Enables dealerships to provide speedy and friendly service for the best-personalized customer experience
  • Minimizes cases of missed leads as dealers can always look in the CRM and follow up with the client to pursue and complete the deal
  • Allows your salespeople to automate the distribution of leads. It also automates the management of scheduled tasks and appointments with customers
  • Facilitates the scheduling of test drive requests from potential clients. It also provides an automatic confirmation email and adds the lead to your daily schedule
  • Helps manage the automobile delivery process

Best Automotive CRM Software on the Market

To help you in choosing the best auto CRMs for your car dealership, we reviewed some of the best in the market today. Here are our reviews:

DealerSocket

DealerSocket automotive CRM app helps you in monitoring your performance and track staff efficiencies. It also automates your communication with customers and your lead follow-up system.

Furthermore, the software allows your salespeople to manage all their tasks through their mobile devices. It also provides the analytics needed for informed marketing decisions.

DealerSocket is headquartered in Irving, Texas. Contact information: Sales: 844-361-3473; Customer Support: 888-988-6444

Pros:

  • User-friendly
  • Automatic lead follow-up system
  • Optimal communications with customers
  • Good customer support

Cons:

  • Cost

AutoRaptor

Do you want an affordable and easy-to-use CRM for your dealership? AutoRaptor is a powerful system with features like process automation, mobile access, lead management, and advanced data mining capability.

Furthermore, the CRM allows users to customize their workflows and reports. The app also enables your salespeople to send bulk text messages. The tool also has sales trend reporting and forecasting capability.

Finally, the CRMs other features include built-in telephony, DMS sales data integration, and inventory feed.

You can contact AutoRaptor at (888) 421-6533.

Pros:

  • User-friendly
  • Good customer support
  • Customization capability

Cons:

  • Lacks built-in desking

Elead CRM

Elead is an independent automotive CRM that features both variable and fixed operations. The feature allows dealerships to manage and optimize the customers’ experience.

Furthermore, the app has its business development center (BDC) that enables car dealers to manage their marketing strategies effectively. With its BDC, dealerships can implement their outbound and inbound contact management plans easily.

Also, the CRM is recommended by the top dealership management systems (DMS) suppliers like Dealertrack.

Elead1One is headquartered in Valdosta, Georgia. You can contact the company at: Sales: (855) 984-9470; Customer Support: (877) 859-0195.

Pros:

  • Balanced features
  • Proprietary BDC
  • User-friendly
  • Customer support

Cons:

  • None

Dealer Lead Track

Dealer Lead Track is an efficient and affordable CRM lead management system for any type of automotive dealership. As a matter of fact, the CRM covers all types of vehicles like cars, motorcycles, heavy trucks, and recreational vehicles (RV).

Among the features of the CRM are prospect scoring, lead management, and calendar reminders. Also, the app includes scripted email templates such as warranty and lease-mileage follow-ups to market to existing clients.

Furthermore, multi-vehicle dealerships can benefit largely from the system because of its additional databases for different kinds of vehicles.

Dealer Lead Track is located in Marietta, Georgia. You can contact the company at telephone numbers 800-385-3584 and 404-436-2757.

Pros:

  • User-friendly
  • Dealership-focused scripted emails
  • Ideal for multi-vehicle dealerships
  • Affordability

Cons:

  • Absence of features like VIN and driver’s license scanning

DealerMine CRM

DealerMine is an automotive CRM provider offering a complete solution for your car dealership. In fact, the app adopts a holistic approach aimed at optimizing the customers’ experience.

Among the features of the system are online scheduling, service and sales CRM, mobile access, and BDC. It also has desking, telephony, social media, and the FETCH report generator for more effective sales campaigns.

DealerMine is headquartered in New Brunswick, Canada. You can contact the company at 1-800-304-3341 and info@dealerminecrm.com.

Pros:

  • Customer support
  • User-friendly
  • Holistic package

Cons:

  • None

Dominion Vision CRM

Vision CRM combines a conventional auto CRM with artificial intelligence (AI) technology to meet the needs of both single and multi-store dealerships. As of a matter of fact, the system employs the CRM Suite technology in combination with Dominion Dealer Solutions’ digital marketing and data-mining software.

The app also features the Olivia virtual assistant to assist car salesmen in determining how and when to best engage with each client. Furthermore, the assistant is continuously learning how to optimize emails, videos, text messages, and voice mails to improve customer engagement.

You can contact the company at telephone number 877-421-1040 or through email at dealersuccess@drivedominion.com.

Pros:

  • Holistic package
  • Customer support
  • User-friendly
  • Modern communication tools

Cons:

  • None

Conclusion:

The competition in the automotive market is getting tougher. Gain a competitive advantage by integrating an automotive CRM app into your system.

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Auto Dealer Marketing: How To Boost Your Internet Car Sales to New Levels https://www.cyberleadinc.com/blog/auto-dealer-marketing-how-to-boost-your-internet-car-sales-to-new-levels/ Thu, 11 Apr 2024 14:15:50 +0000 https://www.cyberleadinc.com/?p=4445 Car dealership sales across America will reach over $1 trillion in 2020.   New and used car dealerships have the potential to be a lucrative investment to players who market themselves successfully. But auto dealer marketing can be tricky. Not all dealerships have the funds to make professional television ads, and they don’t have a massive staff […]

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Car dealership sales across America will reach over $1 trillion in 2020.  

New and used car dealerships have the potential to be a lucrative investment to players who market themselves successfully.

But auto dealer marketing can be tricky. Not all dealerships have the funds to make professional television ads, and they don’t have a massive staff to support their efforts. But they can’t ignore the lead generating possibilities of digital marketing and the importance of internet car sales. 

So, how can car dealerships improve their sales via the internet? Here’s our guide. 

Know Your Auto Dealer Marketing Audience 

Knowing your audience is an overlooked step by dealerships, but is essential to creating and managing campaigns that bring-in leads. Car dealerships are localized businesses, so it’s even more important to have specific buyer personas that you try to reach. 

What is a buyer persona? A buyer persona is your audience personified into a person with a name. It could be Melissa Mom or Mark Millennial. These buyer personas all come with detailed demographic information like their age, occupation, and needs from your company. 

Most companies have a handful of different buyer personas within their audience. While it might seem like a lot of work upfront, you’ll be happy you did it. Buyer personas are an excellent point-of-reference for all your marketing efforts, from who to send a newsletter or promotion to, to what types of social media content to create, or what the topic of your next blog post should be. 

When it comes to sales, creating these buyer personas will show you exactly who you’re targeting. You’ll be able to sell to them more personally. Using buyer personas as a reference will tell you if you’re getting the right people into the lot, help you evaluate your current sales leads, and improve your overall numbers.  

Manage Your Brand Across All Digital Assets 

There’s a saying that goes something like “everyone has a brand, but not everyone manages their brand.” A brand is your company’s core values, attitudes, messaging, ethos and imagery wrapped into one thing. Having a solid and managed brand is what separates the amateurs from the professionals. 

Consistency is the main component of managing a brand. Potential customers and clients want to know what to expect from you, they want to know what they can rely on you for. When your website says one thing, and your Facebook says another and your email marketing looks completely different, this can send inconsistent messaging.

If a potential customer doesn’t have a clear idea of who your company is and what you value, you won’t be able to establish trust, without trust, it’s very difficult to make a sale. If you create a strong brand that your buyer personas relate to and connect with, you can build a community of loyal customers in your market. 

To evaluate your brand, start simple. Establish the type of voice you want to have, how you want to make people feel, and what you want to be known for. Make sure that messaging is consistent from your website to your social media networks. 

Target a Few Social Media Networks, And Manage Them Well 

Most car dealerships don’t have a massive marketing staff to support them. The social media department at a dealership consists of a team of one or maybe two. It’s more effective to do a couple of things well than everything okay. 

Evaluate your buyer personas and decide which social media networks will reach them the best. It’s OK to only have a Facebook and Instagram, or only a Facebook and LinkedIn. While claiming as much digital real estate for your brand is always good, if you can’t support managing it and it ends up being a negative for your brand, it’s better to not do it all. 

Another mistake car dealerships make is using social media as a megaphone for all their latest new vehicles, specials, and events. While it’s important to promote your business on social media, there’s a way that lets people know, and a way that annoys people by bombarding their feed with constant updates. 

This kind of social strategy will lead to unfollows and will put a bad taste in the mouths of potential customers. Simply creating and paying to promote an event for a week on Facebook through a targeted demographic, and a handful of quality updates that share useful articles and maybe a new blog about car care will get you a lot further in the long-run. 

  • Share curated content from industry influencers.
  • Choose articles that inform your audience about new vehicles, recalls and other industry news.
  • Share positive customer reviews and other user-generated content to build trust and authority.
  • Share high-quality images and videos of stand-out new inventory.
  • Angle the content in a way that helps your audience better understand how the product will suit their needs. 

Don’t Sleep On Email Marketing to Increase Internet Car Sales 

Email marketing is one of the most time-tested digital marketing tools for generating leads. Email marketing helps dealerships stay relevant to their audience and nurture leads. 

Email marketing is the most successful when you don’t use paid email lists. Quality is more valuable than quantity. Get organic contact information through things like website opt-ins, social media campaigns and incentives like access to specials and assets. 

Segment your email lists and target specific emails to specific groups of people. Personalize your emails as much as possible. Figure out which days of the week and times of day your audience is the most receptive. 

Have a High-Quality and High-Functioning Website 

For most businesses, your website works as a home base for your digital brand. Your website is where customers go to get information about you, and they judge you based on how well it performs, what it says, and what it looks like. 

A website is especially important for car dealerships because it’s the primary place for customers to view inventory. So dealerships need to have a website where information is fast and easy to find.

Browsing an online inventory is one of the first steps in nearly every person’s car-buying journey. If a potential customer can’t easily see your inventory or know how to contact you, you’re going to lose the sale. 

Create Content of Value 

This tip falls into every aspect of your marketing efforts. Behind every stream of digital marketing, is content. It’s the copy in the newsletter you send, the image you share on social media, and the “about us” on your website. Content is king in today’s world of digital marketing. 

But, what a lot of car dealerships fail to do, is to produce content that helps their audience, or provides them with something of value. Thinking of your audience first is at the heart of successful internet marketing campaigns. But understanding how a tutorial video or ebook guide leads to sales can be hard to see. So many dealership owners write it off as an unnecessary expense. 

Bring something new to the table for your audience. Find out what they need, what they aren’t getting and fill that void for them. Consider videos, infographics, lists, and guides.

Have a plan to not only create content but how to distribute content too. You can have the best piece of content around, but if no one sees it, what’s the benefit? Don’t assume that because you posted something, that people will find it. 

Include content in emails, distribute it to members of the local media, and use third-party content publishing websites. Invest in a few very high-quality pieces of content and distribute them well. It will be more valuable than paying for hundreds of pieces of generic content.

Track Results 

Knowing if an auto dealer marketing campaign is successful or not is only accurately done by tracking the same KPIs consistently. From tracking KPIs, you might find that a tactic you thought wasn’t working actually was working. But just more subtly than you anticipated and at a more gradual pace every month.

Or, you might find that a strategy that you thought was the reason for an influx in internet car sales actually wasn’t. Tracking results is the only way you can check your marketing efforts, make changes and improve campaign outcomes. Knowing your numbers will help you set realistic and achievable goals. 

Do you need help running your marketing campaigns? We’re here to help! Click here to contact us, and to learn more about how we can get you the leads you need.  

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How to Sell More Cars at a Dealership https://www.cyberleadinc.com/blog/how-to-sell-more-cars-at-a-dealership/ Fri, 22 Mar 2024 12:32:32 +0000 https://www.cyberleadinc.com/?p=4411 Cars are more sophisticated and convenient than they’ve ever been, but people are buying fewer cars.  However, just because the big U.S. automakers are seeing a decline in sales, it doesn’t mean your dealership has to as well. The fact remains that millions of cars are sold each year in the U.S. With the right vehicles […]

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Cars are more sophisticated and convenient than they’ve ever been, but people are buying fewer cars

However, just because the big U.S. automakers are seeing a decline in sales, it doesn’t mean your dealership has to as well. The fact remains that millions of cars are sold each year in the U.S.

With the right vehicles for sale and an effective approach to selling them, you can increase your profits. 

Read on to discover how to sell more cars at a dealership, and close sales quicker. 

Get Personal

Potential customers don’t want to feel like another number when they walk through the doors. As a salesperson, you can create immediate engagement by learning the person’s name and using it in your conversation. 

It may seem like a simple thing, but referring to someone by name can make a difference in the sales world. It shows that you’re listening, and you’re opening the door to a meaningful conversation. 

Once you’ve established their name, you can ask them questions about their needs to best pair them with a vehicle on your lot. For example, if they tell you they do a lot of solo highway driving, then you can suggest a mid-sized car that’s great on gas. 

Don’t Waste Time on Converting People

There will always be people that come into a dealership with the sole intention to browse, and that’s okay. Browsing is a good first step in their journey to buying. 

You can engage these people and ask if they need any information, but recognize whether they’re moving towards buying, or just kicking tires. If they seem really unlikely to make a purchase—for example, they don’t ask for a test drive or what kind of buyer options there are—then hand them your business card. 

They may call you when they’re more serious about buying a vehicle. Until then, you can move on to the eager young couple looking for a baby-friendly SUV today. 

Take the BANT Approach

This is an extension on the last point to help qualify sales leads. BANT is an established sales technique that stands for budget, authority, need, and timeline.

Ask your potential customer what their budget is, and then point them to a vehicle in that price range. Don’t try to oversell. Also, determine if the person has the authority to make a buying decision. 

Of course, the vehicle you recommend should fill the particular need of the client. If they have three kids they need to cart around to soccer practice, they’re likely not going to want a compact car. 

Regarding timeline—this is whether you can deliver the product in a timeline that’s feasible. If the car they want is already at your dealership and doesn’t need to be ordered in, then that’s a big plus. 

Learn More About the Products

You may be a people person that’s great at talking to potential customers. However, that sometimes only takes you so far. At some point, the customer will want to know more about the vehicle’s features, and you should be able to answer without hesitation. 

Knowing the product inside and out will help build confidence in the buyer. It can also help you better recommend a vehicle to a potential buyer based on features they’re looking for. 

If you happen to drive one of the same vehicles you’re selling, use this to your advantage. Use anecdotes about how great the mileage is, or how easy it is to park in the city. 

That being said, don’t make up facts about a vehicle. Politely tell them that you’re unsure, but you will get the right information for them. Customers will appreciate that more than being lied to. 

Learn About What They are Selling

On top of learning about your own dealership’s products inside and out, you should also have some knowledge about what other dealerships in the area are selling as well. 

That way, when a customer tells you about cars they’ve looked at already, you can show them your dealership’s options with similar features in the same price range. 

It’s important not to badmouth other products or dealerships when doing this, or you can leave a bad taste in a customer’s mouth. Take the high road, only pointing out the positive features of what you’re selling. Let your products speak for themselves. 

Share Information About Incentives 

Tell the potential customer about any current deals on the vehicle, or whether the dealership is offering great financing rates. Tell them how long they have to take advantage of incentives, and let them make the decision without pressure. 

You can also outline any other benefits that may entice the customer. Perhaps there is an on-site garage that can affordably service the vehicle. People love sales incentives, so use them to your advantage. 

Create a Referral Program To Sell More Cars

This approach has been shown to increase sales for auto dealers. Basically, you tell your existing customers that if they refer someone to buy a new vehicle from you, they’ll get a better deal. 

Some dealerships are using online referral programs with success. You send an email with an invitation to join the rewards program and then offer prizes for vetted referrals from them.  

Don’t Be Too Pushy

One of the biggest turn-offs for customers is an overly aggressive salesperson. If you come in smelling blood, your potential customers will likely sense that and walk away. Buying a vehicle is a major decision for anyone—respect that. 

However, that doesn’t mean you can’t use techniques to close a sale once you’ve had a conversation. Politely ask them if they want to take a test drive, or to work out a price for what they want.  

Don’t Pre-Judge Buyers

Just because a potential customer comes in dressed in a fancy suit, it doesn’t mean they want to buy your most expensive vehicle. 

The same goes for someone who comes in with a t-shirt and ripped jeans. Try not to judge a book by its cover. There are some people who may be willing to spend more than you’d think for a new car. Or they may be in the market for a subprime car loan that your dealership can accommodate. 

Approach anyone who comes into your dealership with a warm smile, and ask them how you can help them. 

Host a Public Event

You can’t sell anything to people if they don’t know about your dealership. You may know how to be a good salesman, but that won’t help if the foot traffic isn’t there. 

One way you can become more front and center in people’s minds when they’re shopping for vehicles is to host an event. Buy a load of hot dogs and hamburgers, set up a barbecue, and invite people to come for a bite at your dealership. 

You can raise money for a local charity through hosting a car wash, or you can make it a sales-focused event where you offer visitors a limited time deal on a new vehicle. Either way, more people will remember the name of your dealership, which can be turned into a sale down the road.  

Try Direct Mail Marketing

Some customers may be on the fence about buying a vehicle due to costs or financing. However, you can target leads through mail campaigns that let them know their credit will be accepted without a hassle. 

These direct mail pieces can have the dealership name on them, and even your name as the salesperson to contact. This will eliminate some of the worry and paperwork involved for your customer. 

Walk The Talk

An often overlooked sales tip is to dress well and pay attention to personal hygiene. While you shouldn’t judge what your customers are wearing, be aware they are probably judging you if you have bad breath or have a stain on your pants.

There’s some truth to the term “dress for success,” as first impressions can make or break a sale

Follow Up

After you’ve had a conversation with someone in person or on the phone, make some notes about what was discussed and how likely they are to buy. 

Set aside some time during your day to make some follow-up calls to see if people are still interested. Don’t waste time by going over what you’ve already discussed (check your notes)—take them to the next level by letting them know why your products are the best option for them now. 

If possible, when getting a potential customer’s contact info, ask them when the best time of day is to reach them. They will appreciate your attention to detail, and you’re less likely to get an answering machine. 

Follow Leads To Sell More Cars at a Dealership

Getting people through the door of the dealership is one challenge, and closing a sale is another. With a combination of sales techniques and incentives, you can see your sales soaring. 

However, one way to eliminate some of this work is by finding subprime leads that can more easily be converted into happy customers. To find out more about how to sell more cars at a dealership through car sales leads, contact us today.

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Car Dealers Everywhere Must Read This: How to Persuade Someone to Buy Something They Don’t Know They Need https://www.cyberleadinc.com/blog/car-dealers-everywhere-must-read-this-how-to-persuade-someone-to-buy-something-they-dont-know-they-need/ Wed, 06 Mar 2024 17:38:56 +0000 https://www.cyberleadinc.com/?p=4391 There are more than 6 million Americans who buy new cars every year. There are also about 40 million Americans who purchase used cars on an annual basis. This means that roughly 15 percent of the total U.S. population will buy a car during a given year. But unfortunately, it doesn’t mean that it’ll be easy for new and used car dealerships […]

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There are more than 6 million Americans who buy new cars every year. There are also about 40 million Americans who purchase used cars on an annual basis.

This means that roughly 15 percent of the total U.S. population will buy a car during a given year. But unfortunately, it doesn’t mean that it’ll be easy for new and used car dealerships to sell cars to potential customers.

In order to run a successful business, car dealers need to know how to persuade someone to buy something, even when they might not necessarily need it. Lots of people visit car lots and tell dealers they’re “just looking,” which can make it challenging for dealers to hit their sales goals every month.

There are some ways dealers can persuade people to go from “just looking” to “we’ll take it!” in a hurry, though. Check out how to do it below.

Begin by Introducing Yourself

From the moment you first touch base with a customer on your car lot, it’s important for you to begin building up a rapport with them. A customer probably isn’t going to purchase a car from you if they don’t trust you to help them through the process.

With that in mind, you should start your first interaction with a customer by introducing yourself and handing them your business card. Far too often, car dealers will start by asking customers, “Can I help you with something?”, which often makes them feel like you’re trying to sell them something right away.

By introducing yourself to a customer, it’ll put them at ease and reduce the chances of them shooing you away with a stern “I’m just looking!” It’ll allow you to break the ice and get to know them a little bit better before you start trying to make a sale.

Smile!

When you first walk up to a customer that’s visiting your car lot, you want to show off a sense of confidence. You also want to display professionalism. But most importantly, you want to have a big smile on your face when you go to shake a customer’s hand while introducing yourself.

Back in 2016, Penn State University conducted a study that revealed that people who smile come across as being more likable and more polite than they would if they weren’t smiling. It also found that people who smile are generally perceived as being more competent than their less friendly counterparts.

You obviously don’t want to give people the impression that you’re forcing a smile just to try and impress them. But you should make every effort to deliver a genuine smile to customers on your car lot to let them know that you appreciate them stopping by and are happy to help in any way you can.

Gauge What a Customer Is Looking For

Once you’ve introduced yourself to a customer and flashed a smile for them, it’ll be time to get down to business. But before you start haphazardly attempting to sell a customer on different cars, it’s a good idea to do what you can to gauge what a customer might be looking for on your lot.

There are all kinds of questions that you can work into a conversation with a customer to learn about what they might want to buy. Some of these questions include:

  • “What kind of car do you drive now, and do you like it?”
  • “Which features do you wish you had in your current car?”
  • “What do you use your current car for?”
  • “Is there a specific type of vehicle that you think would work better for you and your family than your current car?”
  • “Have you seen anything on our car lot so far that has caught your eye?”

You shouldn’t bombard a customer with a million and one questions and make them feel like you’re about to hit them with a huge sales pitch. But you should do what you can to get to know them and their needs better. It’ll make it easier for you to suggest cars on your lot that they might like.

Offer to Show Someone Cars They’ll Like

After you’ve worked your way through some of the questions listed above, you should ask a customer one final question for the time being. That question is: “Would it be OK if I showed you a few cars on our lot that might work well for you?”

This is when you’ll get your time to shine. If a customer says yes and agrees to check out some of the cars on your lot, you’ll officially be able to start trying to sell them something that they’ll like.

Use all the information you’ve gathered up until this point to put together a short list of cars that you think a customer might appreciate. Walk them around on your lot and show them the cars one by one while talking about some of the features that come along with each vehicle.

Explain Only the Key Features of Cars

As a car dealer, it’s your job to know each and every feature that’s tucked inside of a car. From the size of the engine under the hood to the safety features that are designed to protect people when they’re out on the road, you should know everything there is to know about a car.

You should also know which key features to point out when you’re showing cars to customers. It’s easy for some car dealers to get carried away and hit people over the head with dozens of features at once. And while this might seem like it’s helpful, it’ll actually just confuse people and make them feel like they need to do additional research before buying a car.

For each car that you show a customer, you should list about five or six key features that make it different from everything else on your lot. Try to tailor those features to your specific customer based on their needs.

For example, if you’re showing a parent a car that they’re going to give to their teenager, play up the safety features in the car. If, however, you’re showing a car to someone who plans on putting the pedal to the metal early and often once they buy their new car, play up the performance features that make it unique.

The key is to find the right features to point out to make people fall in love with one of the cars that you show them.

Point Out Specials and Promotions

In a perfect world, a customer will tell you that they like one of the cars that you’ve shown them. You’ll be able to tell that they’re interested in it and that they wouldn’t mind driving off the lot in it as soon as possible.

This is when you need to strike while the iron is hot by sending your selling skills into overdrive. You should point out the current price of the car and any specials and promotions that you’re running at the moment.

There are some car dealers that hold special end-of-the-year sales as well as sales around the holidays. There are other dealers that will hold car promotions just because at various points throughout the year.

Whatever the case, there’s a decent chance that there’s at least one special or promotion going on at the moment. Don’t hesitate to mention it and to let a customer know how it’ll affect the price of the car they want.

Let a customer know you’re open to crunching the numbers and negotiating on the price, too, if they balk at your initial efforts to get them to buy a car. The goal should be to get them to sit down with you to talk about the price, which will move you one step closer to making a sale.

Avoid Pressuring Customers at All Costs

There is nothing that people hate more than a pushy and overbearing salesperson breathing down their necks at all times. If you make a customer feel uncomfortable by putting even the slightest bit of pressure on them, they’re not going to respond positively to your presence.

It’s up to you to gauge the reaction that you get from a customer when you’re talking to them and respond accordingly. If they don’t seem open to you showing them cars, don’t force them to do it because it could very well backfire on you.

Know when to fall back and give a customer some space. It could end up benefitting you in a big way later when they’re ready to buy. They’ll remember how you made them feel comfortable when they were “just looking” and come back to you to buy a car.

Knowing How to Persuade Someone to Buy Something Is Key

Trying to get the hang of how to persuade someone to buy something can be tricky. It takes a lot of car dealers years to perfect the art of doing it.

Take a step back and think about the ways in which you’re trying to sell cars at the moment. If you’re not taking the approach that’s been presented here, it could be one of the big reasons why you’re not selling as many cars as you would like.

Contact us today to see how we can generate auto leads for you and increase your sales in no time.

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Accelerate Your Auto Sales: 10 Promotion Ideas That Will Make Your Revenue Grow Each Month https://www.cyberleadinc.com/blog/accelerate-your-auto-sales-10-promotion-ideas-that-will-make-your-revenue-grow-each-month/ Thu, 15 Feb 2024 15:20:30 +0000 https://www.cyberleadinc.com/?p=4339 More than 17 million non-commercial vehicles are bought and sold in the United States each year. But with so many dealerships out there all competing for the same customers, standing out from the crowd is a must if you want to cash in on any of those sales. If you’re looking to boost your revenue month […]

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More than 17 million non-commercial vehicles are bought and sold in the United States each year.

But with so many dealerships out there all competing for the same customers, standing out from the crowd is a must if you want to cash in on any of those sales.

If you’re looking to boost your revenue month after month and draw in more high-quality leads, keep reading. We’re bringing you 10 auto sales promotion ideas that you need to put to work right away.

1. Get Active in Your Community

One auto marketing tip that will not only help expand your reach and widen your customer base but will also help improve your reputation, is getting active in your community.

There is an endless number of ways you can show your support for your community.

Sponsor a 5K to raise money for a charity. Buy ad space in a local sports park. Donate a raffle basket for city or local school functions.

Many of these functions also double as tax deductions for auto dealers. They’re great for showing that you care about your customers beyond simply having their business. They’re also great for exposure. 

Charity, sporting, and other community events draw in visitors from out of town as well, which means exposure to surrounding communities as well.

Social promo graphic for car sales.2. Host a Giveaway

Social media is a great free or low-cost marketing option for businesses in any industry. And while paid ads are a great choice (we’ll talk more on that soon!), there are plenty of other ways to grow your following on social media and reach a wider audience at little cost to you.

One great option is to host a giveaway.

Giveaways could be as small as gift cards for local businesses or a free car wash, or as big as free oil changes for a year, a discount on services, or even credit towards the purchase of a new car.

To enter, your followers need to be encouraged to like and share your post, or even tag other friends who may be interested in the giveaway. Offer extra entries into your contest for every share or each friend that they tag to give your post maximum reach.

Don’t forget to require anyone who wants to enter your giveaway to also like and follow your page! That way they’ll continue to see your other posts and updates long after the giveaway is over.

3. Celebrate Your Previous CustomersComplimentary Car Service Emails

Not all car marketing tactics are aimed at bringing in new customers.

Cars may not be a yearly purchase for most customers, or even a purchase that they make every few years. But nurturing your relationship with previous customers is still important.

When they do need a new car for themselves or their family, or when friends ask for referrals, if they have positive memories of doing business with you, they’ll be more likely to become repeat customers.

There are plenty of ways to celebrate previous customers. 

One way is with useful weekly or even monthly emails featuring deals on service, oil changes, and car washes. You can also include seasonal tips that your customers might find useful, such as how to care for your car’s paint in the winter or ways to clean leather and cloth seats during active summer months.

Another special touch is to check up on your customers on the one-year anniversary of their new car purchase. This check-in could come in the form of an email or, better yet, a mailing. Include a coupon for the discounted oil change or car wash, or remind your customers of your referral program.

4. Use Social Ads to Target Individual Customers

Social media advertising has been on the rise for years now. In fact, 92 percent of small businesses now report that they plan to increase their social media spending in the next year.

Ads on social media platforms like Facebook and Instagram are unique in that they utilize algorithms to bring in better leads.

These platforms, as well as search engines, track the websites and searches that web users visit and make. They then use this information to deliver ads that are relevant to those searches.

5. Offer a Price-Match Guarantee

It won’t matter how much time and money you sink into these car dealership marketing tactics if nearby dealerships are selling their vehicles at a fraction of the cost of your own.

Unless you can’t afford to sell your cars for less than what you’re already asking, consider offering a price-match guarantee.

This will ensure that you’ll never lose a sale because a buyer finds out he or she can save a few hundred bucks by buying down the street instead. That way, nothing will stand in the way of the success of your marketing campaign or excellent customer service.

6. Give an Incentive for Referrals

Graphic of Giveaways a car dealership could utilize.
Turning buyers into repeat buyers is always a great goal. But when it comes to buying cars, your buyers aren’t likely to be coming back multiple times a year.

However, that doesn’t mean that they can’t spread the word about your service to friends, and draw in multiple sales a year as a result.

The first step towards encouraging referrals is providing superior service. If you stand out from other dealerships, your reputation alone will help bring in at least a few new customers on recommendations. 

Encouraging recommendations can help you drastically increase the number of referred customers you receive. To do this, consider offering an incentive. It could be anything from a cash reward to benefits like free oil changes or car washes, just as long as your customers feel motivated to pass on the word about your dealership.

7. Advertise Where Buyers are Already Searching

Only around 15 percent of new car buyers pay cash for their purchase, and even that number has been dropping.

The majority of your buyers will be looking into financing options before they ever start looking for a car. Targeting buyers while they’re still at that stage in the buying process will help you form a connection and make an impression before they ever have a chance to start shopping other dealerships.

Unlike other online advertising options, marketing your business on sites that help car buyers find financing will generate high-quality leads. If web surfers are already on those sites, you already know they’re shopping for a car, as opposed to web surfers scrolling through social media and seeing your paid ads.

8. Promote Your Service Department with Freebies

Web-based marketing is important. But it shouldn’t completely replace traditional tactics.

Direct mail marketing, especially that featuring freebies and promotions, are a great way to draw in customers. While it can be tough to offer freebies on car purchases, if you have a service department, there are plenty of promotions you can feature.

Offer free car washes with every service, tire rotations for a year with new tires, and other little discounts and promotions that will cause customers to choose your service department over that of your competitors.

Car Promotion Video

9. Stand Out from the Crowd

When you’re offering the same cars, prices, and similar promotions as your competitors, you need more than marketing tactics to stand out.

One way to do this is to set yourself apart from the crowd with a new tactic.

Car dealers get a bad reputation for being pushy and more sales-focused than customer-focused. Turn that trend on its head by instructing your salesmen to take a step back. Then, showcase this difference in your advertising.

This will help draw in customers who are sick of the anxiety and stress of buying cars from pushy salesmen.

10. Offer Deals for Uber and Lyft Drivers

If your dealership is located in a busy city where Uber and Lyft are popular, you have a unique chance to spread the word about your dealership and draw in buyers.

Offering deals and discounts to Uber and Lyft drivers has two major benefits for your dealership. First, with so many people turning to Uber and Lyft as sources of income, you’ll get tons of traffic from drivers looking to upgrade their ride.

Then, when they start driving around picking up riders in their new car, with a license plate bracket or sticker on their vehicle with your dealership’s name on it, they’ll be advertising for you, free of charge.

Putting These Auto Sales Tactics to Work

From hosting giveaways to offering promotions, smarter online marketing, and more, upping your promotional tactics is a must if you want to grow your dealership and your customer base.

No matter which of these auto sales promotions you choose to put to use for your dealership, they’re guaranteed to help you start increasing high-quality leads and boosting your revenue month after month.

If you’re interested in learning more about direct mail marketing, generating better leads through smarter ad placement, or other online marketing tactics, contact us today!

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12 Secrets How Car Salesman Training Tips Create Dealership Buzz https://www.cyberleadinc.com/blog/12-secret-auto-salesman-training-tips-to-create-dealership-buzz/ Sun, 04 Feb 2024 15:26:42 +0000 https://www.cyberleadinc.com/?p=4218 About 81 million cars were sold worldwide in 2018. No two buyers or sales were alike. That’s because budgets, backgrounds, wants, and needs vary from person to person. Each sale is more than the price of the car. Buying a car is an emotional decision. The way people feel about your dealership, the car, the salesperson, and the […]

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About 81 million cars were sold worldwide in 2018. No two buyers or sales were alike. That’s because budgets, backgrounds, wants, and needs vary from person to person. Each sale is more than the price of the car.

Buying a car is an emotional decision. The way people feel about your dealership, the car, the salesperson, and the price affects the sale.

A rude or insensitive salesperson can kill a deal in under a minute. If your car lot isn’t pleasant, customers will leave. Sales staff must be approachable, pleasant, and trustworthy.

Want people to enjoy their visit to your car lot? Want a bigger share of the growing car sales market? Keep reading to learn 12 secrets to successful auto salesman training.

1. Know Your ProductSocial Car Sales Graphic

Yes, it’s important to know how to talk to customers. It’s more important to know about the cars you’re selling.

You must know all about the cars. Consumers want someone who can discuss features and performance. Some buyers ask questions to test your knowledge. 

A car is a major purchase. The buyer doesn’t want a fast-talking salesperson to convince them to buy. They want to discuss the car with a knowledgeable person.

New salespeople need time to learn about each car. Tell them to make a note of any questions, then confer with someone else in the dealership to get the right answers.

It’s important to say, “I don’t know the answer, but I’ll get it for you.” Never lie or guess at an answer. Most consumers research vehicles online before visiting the lot. If you lie, they won’t trust you and you’ll lose the sale.

When a car shopper knows more than the salesman they’re tempted to ask for someone else. Or, they leave the dealership.

Along with knowing individual car facts, every salesman should know the current inventory. Be ready to offer a different choice if a car buyer doesn’t like the model they came in to see.

2. Be Friendly and Positive

When you meet a potential buyer, make eye contact and offer a firm handshake. Let people know you’re happy to meet them and want to help.

Be sincere. If you’re fake happy or phony, people know it. Be enthusiastic that you have a customer who wants to buy a car.

Never make negative comments about competitors. If a shopper says bad things about another dealership, don’t pile on. Listen with care to see if you can resolve any of the issues.

Be friendly and positive with your coworkers, too. Everyone knows someone who buys cars. Befriend people in every department at the dealership. The sales staff, technicians, service writers, and office staff are all part of the same team.

A happy workplace atmosphere reflects well on the dealership.

Sales Quote by Patricia Fripp3. Observe the Operation

Along with understanding the cars, you should understand how the dealership operates.

Pay attention to inventory. How many units sold each month. What’s the number of auction purchases? How many customers traded in a car?

When you stay up-to-date on the stock, you know what’s available to potential buyers. Walk the lot and study the cars. Or, use the customer relationship marketing (CRM) software to track inventory.

The important thing is to know what you have to offer clients. That includes a complete understanding of how the service department works.

Watch seasoned salespeople. Ask questions until you’re sure you understand the best way to serve car buyers.

4. Learn Customer Relationship Management Software

Tracking sales calls and potential clients is easier than ever with CRM software. But the software only helps if you know how to use it. Don’t skip this part of your education to hurry out on the floor and sell.

CRM software helps schedule appointments, do client research, and communicate with potential buyers. Train every new sales person on how to use CRM tools.

When a salesperson is proficient with CRM, they reduce clerical work. That means they can focus on getting leads and selling cars.

Mobile CRM apps let sales teams stay in touch when they’re out of the office. It’s also useful for new hires who are learning about inventory.

CRM software is efficient. It also holds staff accountable for assigned tasks.

5. Be Professional

Salespeople should look, act, and behave in a professional manner. A clean, crisp professional look evokes confidence in your abilities. 

Professionalism extends to your office. Organize your desk. It’s bad to see a desk covered in food wrappers, inappropriate photos, and messy piles.

Customers may assume your messy desk means you don’t know what you’re doing. If they worry you’ll make mistakes with their deal, they won’t want to work with you.

Professionalism includes how you talk about other car dealers. Never bad mouth the competition. Customers don’t want to hear it. It makes you look bad, not the other dealership.

Focus on providing a mature, knowledgeable exchange with everyone who enters the dealership.

Show Them You Care Graphic

6. Listen to Your Customers More Than You Talk

Many salespeople are conversationalists. That’s a great asset since you’re dealing with new people every day. But to make a sale, you must be a great listener.

The best way to learn how you to help a customer is to listen. Let them tell you what they need. Why are they buying the car? What’s the budget? Do they need to finance? 

People like to talk about themselves. Ask questions, then listen to the answers to build rapport. 

Pay attention to details. Ask questions to clarify any gray areas. The more you know, the better you’ll understand what they want and need.

A good conversation goes a long way in building a solid relationship with a potential car buyer. Don’t be a pushy salesperson. Be a good listener.

Knowing when to talk and when to be quiet is a sales person’s superpower.

7. Match Your Style to Your Customer

Mirroring is a technique where the salesperson reflects the customer’s way of speaking. If you’re similar to the customer they find you likable.

Use the customer’s speaking style including volume and mannerisms. Let the customer decide how fast or slow the sales process moves.

When you mirror the customer you form an unspoken favorable connection. That rapport can help make the sale.

8. Be Patient, Not Pushy

It’s important not to come across as pushy when working with customers. Don’t be aggressive. Be patient.

Buying a car is a major decision. If you pressure someone to buy too fast, they may leave. Instead, give customers time and space. Support them by answering questions and providing options.

A good rule is to treat every customer as if they own your business. Treat them with respect. If you’re patient their car-buying experience is pleasant.

Happy customers buy cars from you again. They tell their friends and family to buy cars from you. They give good ratings on customer satisfaction surveys.

If you’re rude or demanding, people warn others to stay away from you. Being patient leads to more sales, happier customers, and referrals.

Dress for Success Video by Neil Patel

9. Dress for Success

If your company has a dress code, follow it. If it doesn’t, create your own. You want to look professional, clean, neat, and confident.

Your first impression can make or break a sale. Whether you wear business casual clothing, or a shirt and tie it should be clean and pressed.

Wear comfortable, but professional shoes. Never wear sandals or tennis shoes. Show up for work in shorts and sandals and people wonder if you know what you’re doing.

If you smoke, make sure you don’t smell like an ashtray. Don’t overuse your cologne.

Dress and behave in a professional manner. Choose pleasing, neutral colors. You want people to notice you, not your clothes.

Remember, buying a car is a major decision. Be serious about your part in the process. Bring your A game by looking and acting like a professional. The payoff is more sales and referrals.

10. Get the Details Right

When you meet a potential customer on the car lot, make a point of remembering their name. Learn and remember the details about the car they want.

Compliment their choice of model and color. It’s an easy way to remember the info. Let the buyer know you understand what they’re saying. Treat them like a friend.

Listen to any concerns. Pay attention to price range, style, and features the customer wants. There’s nothing more annoying than feeling a salesperson isn’t paying attention.

If someone wants an SUV don’t show them a compact sports car. If a potential customer explains budget concerns, respect them. Don’t ignore their request and show them a more expensive model.

When you get the details right you build a good rapport. When you listen to customer concerns and desires, you both get what you want. The client gets the right car. You get the sale.

The bonus is you earn their trust and future business.

11. Be HonestHonesty is the best policy written on notepad.

The worst thing you can do as a car salesman is to be sneaky. Don’t use questionable tactics. Don’t lie or make false claims. More often than not, you lose the sale. You also lose your reputation as trustworthy.

Never lie to customers. Don’t tell them you have a particular model when you don’t. If you make up a mileage rating and it’s wrong, customers assume you lied. You’ll lose their trust and business.

If you don’t know the answer to a question, say so. Tell them you don’t know but will find out. Then, ask a reliable source for the information and report back to the customer.

Never tell customers something because it’s what they want to hear. It’s tempting to please someone in hopes of a sale, but lies don’t work.

People get angry when you lie to them. They won’t trust you. They walk away from deals. The few moments of bliss aren’t worth losing the sale.

Be truthful. If you don’t have a car on your lot but can get it, say so. Don’t pretend it’s already there. If you need more time to detail a new car for pickup tell the buyer. No one wants to arrive at the showroom and wait for an hour.

People understand when you tell the truth. What they don’t understand is when you lie. Don’t leave any room for doubt when communicating with customers.

You want every customer to say you are an honest, trustworthy salesperson.

12. Follow Up and Say Thank You

Don’t assume your relationship is over when a customer drives off your car lot. Follow up with a text, phone call, email, or regular mail.

Thank them for their business. Make sure they’re happy with the sale. Let them know they can contact you with any questions.

Good manners are essential for salespeople. When you follow up, the customer knows you care. And you should care. Every happy customer is part of your marketing team.

Happy buyers tell their friends, family, coworkers, and neighbors. What do you want them to say about buying a car from you?

It’s smart to follow up with everyone. Stay in touch with buyers and potential customers. That way you’re top of mind when they or someone they know want to buy a car.

Share These Auto Salesman Training Tips With Your Team

Knowing these secrets can turn a frustrated salesman into salesperson of the month.

Remind your sales staff not to act desperate for a sale. Stress and desperation are off-putting to buyers. Instead, relax and use the techniques outlined here. 

Share these auto salesman training secrets with your team. Soon, you’ll see both rookie and seasoned staff boost their sales and morale. That means both your staff and customers enjoy the car-buying experience.

Need more? Contact CyberLead for proven lead generation techniques.

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Dealership Leads – What Is Utilizing Email Marketing? https://www.cyberleadinc.com/blog/dealership-leads-what-is-utilizing-email-marketing/ Sat, 20 Jan 2024 08:36:47 +0000 https://www.cyberleadinc.com/?p=4124 There is a wide range of opportunities for businesses to market to customers. When it comes to auto dealerships, it may no longer be good enough to wait for would-be buyers to walk onto your lot. Now, you need new marketing methods designed to attract buyers. Dealership leads can come from a variety of places, […]

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There is a wide range of opportunities for businesses to market to customers. When it comes to auto dealerships, it may no longer be good enough to wait for would-be buyers to walk onto your lot. Now, you need new marketing methods designed to attract buyers. Dealership leads can come from a variety of places, but those who are looking for the best leads, the most qualified leads, are using email marketing to make it happen. Is this the route for your team needs?

What Is It?

Email marketing is a type of way to generate high-quality leads. It works very well for dealership leads. Email marketing is very specific in terms of how it works. Once you obtain the email address of a would-be buyer, you can then use that to bring the individual back to your website time and time again. Or, you can use that lead to bring the individual onto the lot. There are a number of benefits to this method of marketing. For example, it allows you to work with your current customers – those who may be in the market right now to buy – as well as previous customers who may be ready to buy another vehicle. You can also benefit from the no pressure approach of this method. You are not sending them a hard sell in each of these emails but rather a message that welcomes them in with special offers or a unique sales opportunity. Most importantly, the best dealership leads are those designed to provide high quality, targeted ads. They come in from a team that is working on your behalf to target people who are most likely to buy right now. All done with analytics, these are the best resources of leads for most dealerships today.

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Find the Best Subprime Auto Lenders for Your Dealership https://www.cyberleadinc.com/blog/find-the-best-subprime-auto-lenders-for-your-dealership/ Fri, 12 Jan 2024 19:49:36 +0000 https://www.cyberleadinc.com/?p=3992 When you run a car dealership, offering a range of vehicles to your customers isn’t the only thing you can or should do. If you want to bring in customers, you need to offer them things that other dealerships might not be providing or that you could do better than your competitors. One of the […]

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When you run a car dealership, offering a range of vehicles to your customers isn’t the only thing you can or should do.

If you want to bring in customers, you need to offer them things that other dealerships might not be providing or that you could do better than your competitors. One of the things you should consider are the financing options that your customers can access from your dealership.

If they’re able to arrange purchase and financing at the same time, it makes it much easier for them to get the vehicle they want and need. Offering subprime auto lenders at your dealership is a great way to expand your finance options. If you decide it’s something you want to do, you need to find the best lenders for your dealership.

What Are Subprime Auto Loans?

Subprime auto loans offer a financing option for people who have substandard credit scores or not much credit history.

A subprime credit score is usually under 620, although there’s no official point at which a score would be called subprime by every lender and credit company. Because subprime auto loans are designed for people who have a checkered financial past or might not have much of a financial record, the interest rates and charges are often higher than with other financing options.

When other options aren’t available to people with subprime credit scores, a subprime auto loan can be the best choice for them.

Why You Should Offer Subprime Loans

Without offering subprime auto lenders to your dealership customers, you could be missing out on a significant customer base. Offering subprime auto loans from your dealership allows you to create more leads, bringing people in by advertising your flexible financing options.

When people are experiencing difficult financial times, they will appreciate those who are prepared to help them out. They’re likely to return to the dealership that was able to offer them the financing that they needed for their vehicle when no one else would offer it to them.

You can benefit from the loyalty that a subprime customer gives you for years to come. You could be filling a gap in your local market, especially if no other dealers are prepared to offer subprime auto loans. And once someone has used your services, they will be more likely to recommend you to friends and family members.

Understanding Subprime Customers

Having an understanding of customers looking for subprime auto loans will help you to realize why you should welcome them and how to find the best lenders for your dealership. Firstly, you should understand that by the time many customers are looking at subprime auto loans, they might already have been rejected by other options.

They could be feeling tired, discouraged and embarrassed. But you can help them through the process of applying for a subprime auto loan and buying the car they need.

It’s important to help them out by making sure they have realistic expectations of the higher interest rates and down payments that a subprime loan usually offers. If you choose the right lenders to work with, you can offer some great deals on products to help make it easier for them.

Look at Lists and Directories

When you’re looking for the best subprime auto lenders for your dealership, it can be useful to look at lists and directories of potential lenders.

This can give you an idea of how much choice is out there and how much work you’re going to need to do to find the best lenders. You could take a look at some of the top lenders or view which lenders are available in your state, which could be more useful.

This is a good starting point if you’re thinking about offering subprime auto loans to your customers.

Find the Best Subprime Auto Lenders for Your Dealership

Professional advice to help you find the best subprime auto lenders is available too. We can help you to find the best subprime auto lenders, and customer leads so that you can benefit from adding another string to your dealership’s bow.

We know all of the top subprime auto lenders and can offer advice on which ones are best for your dealership. We can also provide assistance with increasing your sales through the addition of a subprime auto lender to your products and services.

Get in touch to find out more about how you can find the best subprime auto lenders for your dealership, and how they can be a huge help to your business.

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Steady Business: How Dealers Can Land More Subprime Car Loan Customers in This Economic Shift https://www.cyberleadinc.com/blog/how-dealers-can-land-more-subprime-car-loan-customers/ Tue, 12 Sep 2023 14:52:02 +0000 https://www.cyberleadinc.com/?p=4067 Did you know that the average American household can’t afford to purchase a new car, and that consumers carry close to $1.2 trillion in auto loans and leases? We’re living in uncertain economic times. Consumers are making fewer big purchases, and some people in need of a new car can’t afford to take on another traditional loan. A subprime […]

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Did you know that the average American household can’t afford to purchase a new car, and that consumers carry close to $1.2 trillion in auto loans and leases?

We’re living in uncertain economic times. Consumers are making fewer big purchases, and some people in need of a new car can’t afford to take on another traditional loan.

A subprime auto loan can give people a simple path to car ownership, but many aren’t aware that it’s a financial option.

Are you curious about how you can land more customers through subprime auto loans? Read on to learn more!

The Subprime Auto Loan Defined

A subprime loan is a type of loan offered at a slightly above average interest rate to people that don’t qualify for regular rate loans.

A subprime auto loan can make anyone’s car ownership dreams a reality. People with low credit scores or spotty credit histories can easily qualify for subprime loans to get the car they need.

With subprime auto loans, everyone comes out a winner. Customers can walk away with a brand new and reliable car, and salesmen can still make their quotas.

The Two Main Benefits Of Subprime Auto Loans

Subprime loans may be a win-win situation for your dealership and buyers, but some people worry about taking on more debt.

Subprime loans can be misunderstood and viewed as risky investments, but they aren’t much different from regular loans. You may need to educate potential buyers on the benefits of subprime auto finance.

When you’re talking to customers, be sure to mention these simple, yet important, benefits of subprime auto loans.

Improve Credit Scores

Having a bad credit score can be a real Catch-22 situation for people. You can’t improve your credit score without having lines of credit, and you can’t get loans or credit cards because people don’t want to lend to you.

The subprime loan they use to buy their car could be the key to finally improving their credit score.

As long as car buyers make their payments on time, they’ll be able to slowly raise their score. They’ll have the car they need and be able to improve their credit at the same time!

No Hassle Application

Some of your buyers may be on the fence about a subprime auto loan because they’re convinced that they won’t qualify for them.

After being denied loan after loan, it can be easy to get discouraged. That’s why you need to let potential buyers know about how simple and fast the subprime loan application process can be.

Let them know that the process takes a matter of minutes, and that people with extremely low credit scores get approved every day.

Your Turn

Now that you know how a subprime auto loan can benefit your customers, it’s time to start selling them!

We have access to  subprime auto loan leads. Be sure to contact us so you can learn about how our leads can help your dealership.

While you’re waiting to hear from us, be sure to check out some of our educational blog content. Get ready to help out your new subprime loan customers by reading our post about the life cycle of the typical subprime auto loan.

The post Steady Business: How Dealers Can Land More Subprime Car Loan Customers in This Economic Shift appeared first on Cyberlead, Inc..

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