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Crack the Code: Guide to Engaging 4 Key Customer Personas in 2024

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SERVICE-TO-SALES CUSTOMERS The average age of light vehicles hit 12.5 years in 2023 – a record high. This represents a growing opportunity to engage customers coming in for frequent repairs on older vehicles. By mining their upcoming service appointments, dealers can leverage predictive marketing technology like Mastermind to identify the best service-to-sales leads like those due for an upgrade based on the age and condition of their vehicle. » Mine upcoming service appointments to identify the best service-to-sales leads » Engage customers in the service drive » Consider strong motivators for service-to-sales customers: • Special trade-in incentives • Flexible financing options • Highlighting the reduced maintenance of newer models NOMAD BUYERS Nomad buyers, also known as "one and done" buyers who own a brand once and defect, are a challenging yet invaluable segment for dealers. Looking ahead, nearly 6 of every 10 nomad shoppers are expected to switch brands with their next vehicle purchase, according to S&P Global Mobility. This represents a huge opportunity and potential challenge for dealers in 2024. Using the insights from dealership marketing tools, dealers can delve deep into nomad buyers' motivating factors to proactively prevent defection – and to conquest nomad customers from competitors. » Proactively engage nomad buyers to get ahead on defection • Emphasize commitment to post-purchase support, offer extended warranties or even provide special service packages – to promote loyalty. » Conquest nomads driven by the allure of new features • Offer sneak peeks into upcoming models, exclusive test drive invitations or loyalty programs that offer them early access to new launches. Want to learn how Mastermind can help your dealership adapt, thrive and achieve sustainable success in 2024 and beyond? Contact us for a free demo. 800.801.0018 | info@automotiveMastermind.com ©2023 automotiveMastermind ® . All rights reserved. | A business unit of S&P Global Mobility LEARN MORE automotiveMastermind.com

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