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3-Step Guide to Fueling the Service Drive in 2022

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Ensure your team tailors their outreach to each customer's unique wants and needs, avoid "bait-and-switch" offers and include actionable messaging offers that account for your dealership's available inventory, as well as any pre- selling options. 3. STRENGTHEN YOUR ACQUISITION EFFORTS ACROSS THE DEALERSHIP In addition to fueling sales and loyalty efforts, the service drive provides the perfect opportunity for dealers to acquire in-demand, high-quality trades while maximizing revenue through selling the trade customer a replacement vehicle. To support acquisition efforts, break down the barriers between service and sales teams. This starts with a well- managed process with support from the top-down, staffed by the right team. Develop a robust service-to-sales process guided by either a dedicated sales manager or a well-connected BDC. This person's or team's focus should be to identify prime trade and buy-back opportunities, such as those in an equity position, or customers that decline or agree to large repairs, and engage them with messaging that kickstarts the trade experience. To guide your efforts, assess your local market to identify areas of opportunity and customer trends to guide your acquisition efforts. Analyze: • Which vehicles have you sold the most – and the least – in the last 30, 60, 90 days? What was the average gross of those sales? • What is the make/model/trim availability in your market? • What inventory is already on its way – and how can your team supplement those vehicles? Serving as a main point of customer contact between dealers and buyers throughout their vehicle's increasingly long lifespan, a well-connected service department and data-driven approach can fuel sustainable dealership- wide success, supporting sales efforts, pre-owned acquisitions, customer retention and more. Interested in learning how Mastermind can help your dealership close more deals and acquire more pre-owned inventory? Contact us for a free demo. 2. REGULARLY ENGAGE CUSTOMERS TO FUEL DRIVE SERVICE-TO-SALES EFFORTS AND BUILD CUSTOMER LOYALTY The service drive also empowers dealers to stay top- of-mind with buyers before they return to market, empowering their team to build customer loyalty, fuel conquest efforts and inform future sales discussions. But to overcome delivery delays due to inventory shortages, sales and service teams need to be thinking ahead to engage customers before they arrive for service – and before they return-to-market. Appoint someone or a team from sales, service or even your BDC to act as a service-to-sales liaison. In this role, this person or team is tasked with proactively identifying and engaging service-to-sales opportunities and loyalty customers that pose a risk of defection by analyzing data from your dealership's CRM, DMS and sales platform. While every dealership will have a slightly different approach, the basic strategy is: • Review all service appointments for the next three days and identify the best prospects who are: ° Out of warranty ° Over lease mileage ° Experiencing a new product design ° Approaching end of lease or finance term ° Serviced-not-sold • Make outreach to them, first with a phone call and next with an email follow-up that includes their offer. • Attempt to get in front of all target customers that have appointments for the current day with an offer. If you miss them, leave a worksheet with a hand-written note in the vehicle or with their service advisor. LEARN MORE automotiveMastermind.com Wholesale used vehicle prices for February 2022 remained 37.6% higher than 2021, emphasizing the importance of buy-backs and trades to auto dealers Manheim Used Vehicle Index, 2022 800.801.0018 | info@automotiveMastermind.com ©2022 automotiveMastermind ® . All rights reserved. | A business unit of S&P Global Mobility

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