Whitepapers

How to Kickstart Auto Sales After COVID-19 Disruptions

Issue link: https://resources.automotivemastermind.com/i/1242708

Contents of this Issue

Navigation

Page 1 of 1

800.801.0018 | info@automotiveMastermind.com ©2020 automotiveMastermind®. All rights reserved. | A business unit of IHS WE'RE HERE FOR YOU! automotiveMastermind.com Personalize Marketing to Meet Consumer Expectations When your dealership doors reopen, many of your customers will have just spent the preceding months doing virtually all their shopping and media consumption through sites and tools that rely on predictive analytics to generate personalized and targeted offers. Months of continuous usage of Amazon and Netflix will have sped up the existing trend of American consumers expecting personalized and targeted offers – and their annoyance at marketers who misunderstand who they are or what they want and need. For dealers, this means integrating marketing, sales and F&I to ensure that prospects receive an actionable and transparent offer at the appropriate point in the marketing and sales cycle. Consumers trained to "buy it now" will have even less patience than ever before with conditional offers that they may see as "bait and switch" behavior by dealers. From Prospecting to Long-Term Loyalty Once you've identified your best prospects, you're presented the opportunity to not only convert them, but to start building long-term loyalty. To do so, personalization needs to be carried throughout the customer experience. Customer offers, and the insights on which they're based, should be in front of any team member who engages with prospects. That might be in your BDC, in your salesroom or even in your service drive when an appointment is made to service the customer's existing vehicle. Proactive Recovery to Future Success Dealers who cannot effectively identify and engage post-shutdown leads or meet the post-pandemic expectations of consumers will struggle to find opportunity in the future. What worked before won't necessarily work when things reopen, and there will be little room for "business as usual" in the auto industry for some time to come. However, dealers that embrace this opportunity to shift their focus and accommodate changing consumer demand will build long-term loyalty relationships that will pay dividends for years to come. Contact us to learn how Mastermind can help you jumpstart your auto sales. NEARLY 80% OF CONSUMERS ARE MORE LIKELY TO DO BUSINESS WITH A COMPANY THAT OFFERS PERSONALIZED EXPERIENCES ANA/DMA Response Rate Report, 2018

Articles in this issue

Links on this page

view archives of Whitepapers - How to Kickstart Auto Sales After COVID-19 Disruptions