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SELLING USED CARS ONLINE!
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Experts are predicting
that Used Car sales will rise this year! Many analysts are predicting a
slow down in new car sales, and an increase in used car sales.
In fact, many car manufacturers have already cut production
of new vehicles at the factories, until they see a better picture.
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For the past 6 years we have seen New Car Sales setting records. Most online
sales reps have been pushing new and have ignored the used car sales,
or relegated it to someone else. Many Dealership web sites are geared
to the new car buyer. Many buying services also have not seriously worked
on generating more used car leads for you. In fact, many used car managers
don't even handle Internet sales at their Dealership. We have also found
that many Fleet Managers try to convert online used car shoppers to
new, and if they can't, they simply move on to the next lead. Well,
it is time to look at used car selling on the Internet a little more
closely.
TRADITIONAL USED CAR SHOPPER VS. INTERNET USED CAR SHOPPER
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Internet shoppers spend more time in the used car
shopping process than the traditional buyer.
A recent study by JD Power and Associates revealed that online
used car shoppers will visit 5.2 dealers vs the Traditional buyer who will only visit 3.5 dealers. They also found that the online used car shopper will take about 4 weeks to purchase versus
only 2.3 weeks
for the traditional shopper.
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Why does the online shopper take longer to buy a
used car? Access to tons of information makes it easier for the
online shopper to find the right vehicle at the right price.He can find
numerous vehicles online versus just driving around dealer to dealer
searching blindly. This allows the shopper to take his time with very
little driving and negotiating. Traditional buyers that drive around
to find a used car will usually give in earlier, especially if they
are having trouble finding the one they want. In fact, many traditional
shoppers end up in something they really didn't want because they just
didn't have the patience or time to keep searching. A
good Internet surfer can look at more cars online in 30 minutes than
the traditional shopper can see in 3 weeks.
Why do online shoppers visit more dealers? Many online shoppers will visit numerous dealers
before buying because they already have a list of specific vehicles at different dealerships. One used car sales
technique is to always tell shoppers you have the vehicle when it has been sold, and get them in to walk the lot.
Traditional shoppers will usually end up buying something else that you show them. The online shopper will probably
leave and go look at the other vehicles on his list. Remember, the online shopper has access
to thousands of used vehicles with photos, and does his lot walking online. When he shows up at your dealership,
he expects you to have the vehicle he saw online, and he will probably leave when you don't.
If you want to sell more used cars to these online shoppers read the following tips and suggestions.
Selling Used Vehicles
online!
This is one
of the most overlooked areas by dealers on the Internet. If
you are using the Internet at your Dealership and do not push
used cars, you may want to meet with your used car manager and
get him on board. There are more used car buyers out there,
and if you provide them with prices and photos you will again,
receive more serious buyers.
1. You must have used car leads
coming in everyday. Without a sufficient
number of leads coming in, you will not get as many opportunities
to sell. This means using CarFinder services that will send
you traffic.
Used CarFinder Leads:
These usually come in the form of email. Many of these shoppers
will fill out multiple forms on multiple services and wait for
the responses from multiple dealers. This is why it is so important
to have many leads coming in, and a good email follow up system.
You will find shoppers fill out
forms differently. You may receive a request with Any
filled in for Make and Model, yet the price range is filled
in. Others will ask for a specific used vehicle with no price
constraints. Our research has shown that most used car shoppers
are more price oriented than brand oriented. Many want the best
vehicle available in their price range. A
person looking for a specific used vehicle will travel to get
it. This is where having your own digital camera will be very
rewarding. Send people actual photos of the vehicle they are
looking for and they will respond. Click
here for lead follow up tips
Be familiar with your current inventory.
Keep in constant contact with your used
car manager, because you may have the exact used vehicle the
online shopper is looking for, and not even be aware of it.
Many used car reps walk the lot every morning and check the
trade in logs for upcoming vehicles. Do not assume that shoppers
filling out CarFinder Forms have seen your inventory online,
so make sure you provide a link in your follow up email. example:
http://www.phoenixautonet.com/lougrubbchevrolet/index.htm
2. Actual photos will sell more
cars!! You must put your inventory
online with photos and keep it fresh.
Online shoppers can't buy what they can't see, and they can't
buy it if it has been sold for 2 weeks. Bringing in serious
buyers is the result when you put photos of your inventory online,
and many of the contacts you receive will be shoppers asking
about a particular cars availability.
Direct hits on your online Inventory:
This is where the action is!
Put your used vehicles online with actual photos and good prices
and you will be rewarded with serious buyers. Many of these
shoppers will email you, call you direct, and many more will
drive straight to your Dealership with no contact at all. When
they get to your dealership, they want to see the vehicle they
were looking at online, so keep your online inventory fresh!
Nothing upsets online shoppers more than outdated vehicles.
You must list your used vehicles in
multiple classifieds (YAHOO, AutoNetUSA.com, etc.) and on your
web site to maximize exposure. The more vehicles you have online with photos,
the more vehicles you will sell.
Keep your inventory fresh and
bring buyers in on actual vehicles.
Many serious shoppers will see your online inventory and call,
or drive right in. Make sure you stand out or they will deal
with someone else at your dealership. Make sure your name stands
out on any print outs they may bring in.
Should you put prices on your used
vehicles? Since 1996 we have
been surveying online shoppers, and nothing upsets them more
than cars with no prices. If you don't price them, you will
receive less hits, because online shoppers will click on until
they find prices. Keep in mind that many shoppers will compare
your pricing to Kelley Blue Book, Edmunds, and NADA, so keep
your pricing in line.
Design your classified ads properly.
The more info you put in your ad text, the more traffic you
will receive and these people will be serious buyers. Remember
the Internet is about information and if you hide the important
options, miles, prices etc.... online shoppers will move on
and deal with someone that provides the info they need to make
the next move. Which will usually be contacting you about a
test drive or just heading in to see you.
You
must have the following included in all your classified ads:
Your name and your Dealership:
Many online shoppers will call or come right in. If they don't
have a name they will be handled by the floor.
Your own direct phone line:
This is very important because all calls off your online ads
will go straight to you instead of the switchboard. Many shoppers
will call and the switchboard operator will send them to the
sales desk. You will never see these people. If you can't get
a private line, than make sure you let the switchboard know
that all Internet leads must go to you.
Email address:
Many shoppers will not call and will want to use email for their
information gathering. If you don't put your email address in
your ads you will lose these buyers.
Important Fact:
Many online sales reps prefer selling used online to new because
they tend to get bigger grosses. In view of the fact that the
shopper can only use blue book values as a price guide, they
do not know what you paid for the used car. This allows you
to negotiate selling price with more authority. This only works
if you are buying your used cars right. The Internet is NOT
a good place to get rid of your over priced units, save those
for the traditional off the street buyer.
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Photos sell cars!
Most of your competitors do not supply an actual photo to the viewer. The Internet
is about photos!!!! Online shoppers want to see as much about your inventory as they can. If you fail or refuse
to supply the info, they will simply surf on to a web site that does. The thing that separates the Internet from
the newspaper is that you can supply tons of info about your cars at a fraction of the cost.
Or do you think text
only is more effective:
99.9% responded
in surveys that they want photos.
1997 Silver 4 Dr Sedan 4 Cylinder, 1.6, Fuel Injected, 5 Spd, PS, PB, PDL, PW, Cassette, AC, Tilt Wheel, CC, Air
Bag(s), Passenger Side Air Bag, Reclining Seats, Rear Defroster, Console, Dual Mirrors, Cloth Interior, 36K Miles
Stock #46121 only $9,995
| 1997 Silver 4 Dr Sedan 4 Cylinder, 1.6, Fuel Injected, 5 Spd, PS, PB, PDL, PW, Cassette,
AC, Tilt Wheel, CC, Air Bag(s), Passenger Side Air Bag, Reclining Seats, Rear Defroster, Console, Dual Mirrors,
Cloth Interior, 36K Miles Stock #46121 only $9,995 |
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Want to sell more used vehicles! Get a Digital Camera. Click here
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