Ebooks

The 5 W’S of Auto Sales Prospecting

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Consider the impact of wider external factors on consumer buying behaviors when prospecting. For example, the COVID-19 pandemic has disrupted the auto industry in a variety of ways. Economic uncertainty means many consumers will be on the market for pre-owned vehicles instead of new cars. This comes at the same time as a pause in new vehicle production and a massive influx of off-lease and de- fleeted vehicles into the used car marketplace, posing a mutually-beneficial opportunity for dealers who can match their pre-owned vehicle inventory with the right buyers. Ensure the insights collected in each of your data management systems, including your CMS and DMS, are able to be compiled and analyzed in a single environment to allow for data-driven outreach and marketing that delivers exactly what prospects are looking for. A R E T H E Y L O O K I N G F O R? WHAT Generations don't stand still, and the factors affecting the car-buying behavior of your customers are evolving. The oldest "millennial" car shoppers are turning 40 this year, and the youngest are 25.

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