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Lead Management Process
Courtesy Chevrolet URL’s
• HouseOfCourtesy.com
• CourtesyChev.com
• Cheap-Chevy.com
• Chevrolet-Car.com
• Chevrolet-GM.com
• Chevrolet-New.com
• Chevrolet-USA.com
• Chevrolet-Used.com
• Chevy-Deals.com
• Chevy-AZ.com
• ChevyAZ.com
• Drive-Chevy.com
• Latino-Chevy.com
• LatinoChevy.com
• My-Chevrolet.com
• My-Chevy.com
• ChevyPriceQuote.com
• Chevy-Price-Quote.com
• GM-Certified-Used.com
"I have no data yet. It is a capital"I have no data yet. It is a capital
mistake to theorize before one hasmistake to theorize before one has
data. Insensibly one begins to twistdata. Insensibly one begins to twist
facts to suit theories instead offacts to suit theories instead of
theories to suit facts."theories to suit facts."
 Sir Arthur Conan Doyle (1859-1930), Sherlock HolmesSir Arthur Conan Doyle (1859-1930), Sherlock Holmes
Experiential InsightExperiential Insight
Prepared by: Ralph PagliaPrepared by: Ralph Paglia
Ralph_Paglia@reyrey.comRalph_Paglia@reyrey.com
505-301-6369505-301-6369
Courtesy has an Internet Department…Courtesy has an Internet Department…
Does it have Integrated Marketing?Does it have Integrated Marketing?
“Consumers are flocking to the Internet to initiate
car buying, with 27% requesting a price quote
from a dealer online. But the flood of 1.8 million
leads monthly results in just a trickle of 165,000
sales, and an appalling lack of control means that
this potentially profitable channel instead costs
OEMs and dealers hundreds of dollars per vehicle
it sells. Automakers and dealers must tighten lead
management processes and merge online leads
into their overall marketing strategies to boost
sales and drive down costs.”
- Mark Dixon Bünger; Forrester Research, 6/14/2005
Number of leads received
and vehicles sold each month¹
¹Source: Nielsen, Wards’s Dealer Business, Automotive News and Forrester Research
9.2%9.2%
Avg. Close RatioAvg. Close Ratio
9.2%9.2%
Avg. Close RatioAvg. Close Ratio
3.5%3.5%
UV/Lead RatioUV/Lead Ratio
3.5%3.5%
UV/Lead RatioUV/Lead Ratio
57%57%
Response RateResponse Rate
57%57%
Response RateResponse Rate
• Consumers get bad or no response from dealers.
Dealers simply drop as much as 50% of leads —
they never respond to them at all. And even when
they do, it’s frequently several days after the lead
was submitted — average lead response time is
still more than 48 hours for most OEMs we
interviewed.¹
OEM Quote: “Of our dealers, I’d say 10% really ‘get
it,’ and about 30% are kind of trying. But 60% don’t
even know where to begin — and don’t care.”
Courtesy has an Internet Department…Courtesy has an Internet Department…
Does it use proven and effectiveDoes it use proven and effective
Lead Management Process?Lead Management Process?
¹Mark Dixon Bünger; Forrester Research, 6/14/2004
Attributes of Dealer Responses
to Sales Leads and their
Correlation, or Impact on
Customer Satisfaction and
Sales Closing Ratios
Prepared by: Ralph PagliaPrepared by: Ralph Paglia
LMP@ralphpaglia.comLMP@ralphpaglia.com
505-301-6369505-301-6369
Response Time & ContentResponse Time & Content
 How do we measure the actual impact of “What”
dealers do when they receive a lead?
 How much are results effected by “When” they do it?
 How do we measure the impact of timing on
Lead Management Process?
Two critical control factors measured
during multiple RCS programs:
1. Timing correlation with Sales
2. Dealer Response Attributes
 How do we measure the actual impact of “What”
dealers do when they receive a lead?
 How much are results effected by “When” they do it?
 How do we measure the impact of timing on
Lead Management Process?
Two critical control factors measured
during multiple RCS programs:
1. Timing correlation with Sales
2. Dealer Response Attributes
A: Increasing Closing Ratios is notA: Increasing Closing Ratios is not
“Just About”“Just About” Response Times…Response Times…
A: Increasing Closing Ratios is notA: Increasing Closing Ratios is not
“Just About”“Just About” Response Times…Response Times…
Q: Why the variations?Q: Why the variations?Q: Why the variations?Q: Why the variations?
Dealer Response Attribute
Experienced by Customer within
24 hours* of Submitting Lead
Completely orCompletely or
Very SatisfiedVery Satisfied
who DID NOTwho DID NOT
experienceexperience
the attributethe attribute
Completely orCompletely or
Very SatisfiedVery Satisfied
who DIDwho DID
Experience theExperience the
attributeattribute
GAPGAP
StatisticalStatistical
CorrelationCorrelation
Factor ofFactor of
attribute withattribute with
CustomerCustomer
SatisfactionSatisfaction
% of ALL% of ALL
RespondentsRespondents
whowho DIDDID
ExperienceExperience
the attributethe attribute
Dealer made Direct Phone ContactDealer made Direct Phone Contact
with Customer after sending Emailwith Customer after sending Email 58%58% 84%84% 26%26% 2929 59%59%
Dealer Acknowledged CustomerDealer Acknowledged Customer
RequestRequest 51%51% 75%75% 24%24% 1212 94%94%
Dealer Showed Genuine InterestDealer Showed Genuine Interest
in Customer’s Wants & Needsin Customer’s Wants & Needs 13%13% 82%82% 69%69% 5353 87%87%
Dealer Responded using Customer’sDealer Responded using Customer’s
Preferred Communication MethodPreferred Communication Method 39%39% 76%76% 37%37% 2121 93%93%
Customer Received Price QuotesCustomer Received Price Quotes
from Dealerfrom Dealer 60%60% 90%90% 30%30% 3434 44%44%
Customer Contacted more than onceCustomer Contacted more than once
by Email and Telephoneby Email and Telephone 61%61% 85%85% 24%24% 2727 49%49%
Dealer Confirmed Availability ofDealer Confirmed Availability of
Vehicle(s) for Sale and DeliveryVehicle(s) for Sale and Delivery 55%55% 89%89% 34%34% 3838 52%52%
*Survey Respondents received Emailed Survey invitations that were sent 24 hours after they had submitted an inquiry (Lead)… 77,000 Surveys Received during Q1, 2003
Impact of Dealer Response Attributes onImpact of Dealer Response Attributes on Customer SatisfactionCustomer Satisfaction::
Impact of Dealer Response Attributes onImpact of Dealer Response Attributes on Vehicle PurchaseVehicle Purchase::
Dealer Response Attribute
Experienced by Customer within
24 hours* of Submitting Lead
PurchasePurchase
Respondents*Respondents*
whowho DID NOTDID NOT
experienceexperience
the attributethe attribute
% of Purchase*% of Purchase*
among theamong the
RespondentsRespondents
whowho DIDDID
ExperienceExperience thethe
attributeattribute
GAPGAP
StatisticalStatistical
CorrelationCorrelation
Factor ofFactor of
responseresponse
attribute withattribute with
VehicleVehicle
PurchasePurchase
% of ALL% of ALL
RespondentsRespondents
whowho DIDDID
ExperienceExperience
the attributethe attribute
Dealer made Direct Phone ContactDealer made Direct Phone Contact
with Customer after sending Emailwith Customer after sending Email 17%17% 27%27% 9%9% 1111 59%59%
Dealer Acknowledged Customer RequestDealer Acknowledged Customer Request 21%21% 23%23% 2%2% 11 94%94%
Dealer Showed Genuine Interest inDealer Showed Genuine Interest in
Customer’s Wants & NeedsCustomer’s Wants & Needs 21%21% 23%23% 2%2% 22 87%87%
Dealer Responded using Customer’sDealer Responded using Customer’s
Preferred Communication MethodPreferred Communication Method 21%21% 23%23% 2%2% 11 93%93%
Customer Received Price QuotesCustomer Received Price Quotes
from Dealerfrom Dealer 20%20% 27%27% 8%8% 99 44%44%
Customer Contacted more thanCustomer Contacted more than
once by Email and Telephoneonce by Email and Telephone 21%21% 25%25% 4%4% 55 49%49%
Dealer Confirmed Availability ofDealer Confirmed Availability of
Vehicle(s) for Sales and DeliveryVehicle(s) for Sales and Delivery 22%22% 24%24% 3%3% 33 52%52%
*Survey Respondents who Purchased a Vehicle were identified via RDR data cross reference and match, Surveys sent 24 hours after lead submitted, sales tracked 90 days
Top 4
Ways to
Close
More
Sales to
Leads
Received
Dealer Response Attribute
Experienced by Customer
within 24 hours of
Submitting a Web based
Inquiry (Lead)
PurchasePurchase
RespondenResponden
ts* whots* who
DID NOTDID NOT
experienceexperience
thethe
attributeattribute
% of% of
Purchase*Purchase*
among theamong the
Leads whoLeads who
DIDDID
ExperienceExperience
the attributethe attribute
StatisticalStatistical
CorrelationCorrelation
Factor ofFactor of
ResponseResponse
attributeattribute
withwith
VehicleVehicle
PurchasePurchase
#1#1 Make Direct Phone Contact with CustomerMake Direct Phone Contact with Customer
(after sending Email w/availability & prices)(after sending Email w/availability & prices) 17%17% 27%27% 1111
#2#2 Send Price Quotes by Email to CustomerSend Price Quotes by Email to Customer 20%20% 27%27% 99
#3#3 Contact Customer more than once byContact Customer more than once by
EmailEmail andand TelephoneTelephone (within First 24 Hours)(within First 24 Hours) 21%21% 25%25% 55
#4#4 Make sure Customers are eitherMake sure Customers are either CompletelyCompletely oror
Very SatisfiedVery Satisfied with the Lead Responsewith the Lead Response 21%21% 24%24% 33
*Survey Participants who Purchased a Vehicle were identified via RDR data cross reference and matching with Internet Lead Data
RCS Marketing research (Q1, 2003) confirms the Best PracticesRCS Marketing research (Q1, 2003) confirms the Best Practices
collected during “Best In Class” Dealer Benchmark studies.collected during “Best In Class” Dealer Benchmark studies.
How to sell more vehicles to customers that submit Internet leads…How to sell more vehicles to customers that submit Internet leads…
Without relying on opinion or seat of the pants management!Without relying on opinion or seat of the pants management!
RCS Marketing research (Q1, 2003) confirms the Best PracticesRCS Marketing research (Q1, 2003) confirms the Best Practices
collected during “Best In Class” Dealer Benchmark studies.collected during “Best In Class” Dealer Benchmark studies.
How to sell more vehicles to customers that submit Internet leads…How to sell more vehicles to customers that submit Internet leads…
Without relying on opinion or seat of the pants management!Without relying on opinion or seat of the pants management!
Results ProvenResults Proven
Best PracticesBest Practices
Results ProvenResults Proven
Best PracticesBest Practices
85% of Internet Leads are submitted85% of Internet Leads are submitted
by car buyers who submit ONE requestby car buyers who submit ONE request
to ONE dealer of that brand*…to ONE dealer of that brand*…
40% of Internet Leads are submitted by40% of Internet Leads are submitted by
people who submit ADDITIONAL requestspeople who submit ADDITIONAL requests
to other dealers of a different brand…to other dealers of a different brand…
On a different make and model vehicleOn a different make and model vehicle.*.*
•*Morpace Research/MSN Auto Dealer Lead Referrals; Lead Data Cross-Referencing Analysis – 88,000+ Leads, 2003
Let’s take a closer look at the factsLet’s take a closer look at the facts
RE: The myth that dealers are competing
with other dealers of the same brand
when they get an Internet Lead…
The average number of leads submittedThe average number of leads submitted
by new vehicleby new vehicle buyersbuyers in 2002 was 1.43in 2002 was 1.43
The average number of leads submittedThe average number of leads submitted
by new vehicleby new vehicle buyersbuyers in 2003 was 1.36in 2003 was 1.36
The average number of leads submittedThe average number of leads submitted
by new vehicleby new vehicle buyersbuyers in 2004 is 1.33 YTDin 2004 is 1.33 YTD
•*Major OEM Data Tracking Research; Lead Data Cross-Referencing Analysis – 1,500,000+ Leads, 2003
Let’s take a closer look at the factsLet’s take a closer look at the facts
RE: The myth of the Internet Shopper
submitting leads to dozens of dealers
On a model line basis, OEM suppliedOn a model line basis, OEM supplied
Internet Leads generate a $23 higher grossInternet Leads generate a $23 higher gross
profit per unit sold than average PNVRprofit per unit sold than average PNVR
Dealers who compare their Internet Sales GrossDealers who compare their Internet Sales Gross
Profit PVR with the dealership’s aggregate Gross PVRProfit PVR with the dealership’s aggregate Gross PVR
get a distorted number because of the difference inget a distorted number because of the difference in
model mix of the sales pool being compared. Typicalmodel mix of the sales pool being compared. Typical
overall store sales include a higher percentage of Highoverall store sales include a higher percentage of High
Demand models, relative to model mix of Internet SalesDemand models, relative to model mix of Internet Sales
•*Major OEM Data Tracking Research; Lead Data Cross-Referencing Analysis – 2003
Let’s take a closer look at the factsLet’s take a closer look at the facts
RE: The myth that Internet leads
generate less profitable sales results
““No Response Syndrome”No Response Syndrome”
When customers receive initial email responses fromWhen customers receive initial email responses from
dealers that do not deliver perceived value, theydealers that do not deliver perceived value, they
follow their own “Lead Management Process”:follow their own “Lead Management Process”:
1.1. Delete the email messageDelete the email message
2.2. Do not respond by emailDo not respond by email
3.3. Do not answer phone calls from dealership orDo not answer phone calls from dealership or
return messages left via answering machinereturn messages left via answering machine
4.4. Future emails from same dealer are deletedFuture emails from same dealer are deleted
without being opened or responded towithout being opened or responded to
Offer alternatives
Provide value-added content
Be conversational – (“smile”)
Be clear and to the point
Create desire
Create sense of urgency
Give reasons to choose dealership
Ask for appointment - logically
Setup choice close
Ensure professional content
Confirm availability
Quote prices
Setup follow-up call
Manage customer expectations
The Science of using Email Templates
for improved direct contact ratios and sales results
Offer Product Presentation
Proven BestProven Best
PracticesPractices
Proven BestProven Best
PracticesPractices
5 Lead Management Activities that Drive
Lead-to-Closes at 44 times higher rate
1. Direct customer phone contact made by
dealer within first 24 hours
2. Consumer received price quote(s) within
first 24 hours
3. Dealer confirmed availability of multiple
vehicles within first 24 hours
4. Dealers showed genuine interest
5. Customer contacted more than once
within first 24 hours
Source: Morpace 24 hour survey and RDR sales Data
(new study reconfirms close rate impact factors)
Lead Close RateLead Close Rate
Improvement Action ItemsImprovement Action Items
Courtesy LMP Audits
• Survey customers who didn’t purchase
• Review Lead Management Tool for a
sampling of previous responses
• Score first personalized responses using
the eBusiness Evaluation System
Bottom Line
1. Customer has spent up to 6 hours in researching
a vehicle online
2. Selected you as their dealer
3. Requested a quote on a vehicle
They are much likely to buy from you if you…
1. Respond quickly – without fluff and puff
2. Confirm vehicle availability – with alternatives
3. Provide a fair price quote – multiple vehicles
4. Contact them by phone – verify receipt of email
To verify that you have received this message, and because the
information above is important and time sensitive, we will contact you by
phone ASAP. I would like to verify that you've received ALL THE
INFORMATION YOU NEED and answer your questions on a direct and
personal basis.
Courtesy Chevrolet’s goal is to provide people shopping for a car or truck
with a streamlined and convenient way to make the process easier and
more enjoyable than what it has been in the past… Because, that’s the
way it should be. Here are a few direct links to some of our web services
that are available online:
•Courtesy Chevrolet New Vehicle Inventory
•Courtesy Chevrolet Used Vehicle Inventory
•Courtesy Chevrolet Online Financial Application
•Courtesy Chevrolet Map and Door-to-Door Directions
I am looking forward to making it easy for you to drive a new Chevrolet!
1.1. Automated Email Reply acknowledging receipt –Automated Email Reply acknowledging receipt –
Verify Customer Contact Info & ask for moreVerify Customer Contact Info & ask for more
2.2. Personalized EmailPersonalized Email within 20 minuteswithin 20 minutes of businessof business
day that provides price quotes on 4 vehicles andday that provides price quotes on 4 vehicles and
sets stage for a follow-up telephone call within 30sets stage for a follow-up telephone call within 30
minutesminutes
3.3. Successful Phone Call to customer that establishesSuccessful Phone Call to customer that establishes
a basic level of trust and results in an appointmenta basic level of trust and results in an appointment
4.4. Appointment Confirmation by EmailAppointment Confirmation by Email andand
TelephoneTelephone
5.5. Instruct customer to check in at reception desk,Instruct customer to check in at reception desk,
manager review agenda upon customer arrival,manager review agenda upon customer arrival,
introduce ISS who sells & delivers the vehicleintroduce ISS who sells & delivers the vehicle
6.6. Follow-up Email that sets the stage for referralsFollow-up Email that sets the stage for referrals
Lead Management PROCESS 101Lead Management PROCESS 101
Wolfe Automotive Group; Kansas City, MOWolfe Automotive Group; Kansas City, MO
WAG Monthly Internet Sales
3 0 7
2 5 1
2 8 2
2 3 3
2 5 6
2 7 8
2 8 8
2 2 3
2 3 5
2 0 6
2 17
2 0 0
2 5 4
16 4
15 0
11010 6
8 3
4 2
- 15
10
35
60
85
110
135
160
185
210
235
260
285
310
S e p t O c t N o v D e c Ja n Fe b Ma r A p r Ma y Ju n e Ju ly A u g S e p O c t No v D e c Ja n Fe b Ma r
September 2002 - March 2004
DP: Jeff WolfeDP: Jeff Wolfe IMD: Mark VickeryIMD: Mark Vickery(Consultant:: Ralph Paglia)(Consultant:: Ralph Paglia)
Wolfe Auto GroupWolfe Auto Group
Internet Sales LinearInternet Sales Linear
Trendline AnalysisTrendline Analysis
Wolfe Auto GroupWolfe Auto Group
Internet Sales LinearInternet Sales Linear
Trendline AnalysisTrendline Analysis
First 19 months with Paglia LMPFirst 19 months with Paglia LMP
9/13 @ 11:54 AM9/13 @ 11:54 AM
Thank you for your inquiry on the 2003 Honda Accord EX. Below you
will find information regarding the vehicle that most closely matches the
vehicle you selected, along with other important information for you.
You can view our entire inventory online at: www.jaywolfehonda.com
Year-Make Model Invoice MSRP E-Price Stock #
2003 Honda Accord $19,900 $22,060 $20,400 H31155
In addition, here are a few other vehicles we selected, based on your
inquiry, that you may want to consider:
Year-Make Model Invoice MSRP E-Price Stock #
2003 Honda Accord $15,407 $16,260 $15,907 available
2003 Honda Accord $17,698 $19,660 $18,195 H32068
2003 Honda Civic $15,094 $16,470 $15,194 H32098
Additionally, the manufacturer may offer special APR’s (interest rates)
on select models that are subject to credit approval.
Email Response AnalysisEmail Response Analysis
1. Verify customer has received the email with price quotes on 4 vehicles.
If relevant, obtain customer’s “REAL” email address and schedule a
follow-up call after re-sending quotes to new email address (work)
2. Establish what is most important to your customer by following the Internet
Price-Quote Follow-up word track from Reynolds Consulting
3. Set the stage for your Customer’s expectations…
Create a buying “Plan” during the conversation
4. Schedule appointment for a vehicle presentation
and test drive at dealership or customer’s location
5. Follow-up with email confirmation of appointment
First Call After Sending Personalized ResponseFirst Call After Sending Personalized Response
Purpose:
9/13 @ 12:32 PM -9/13 @ 12:32 PM - Received Call from Charla at Jay Wolfe HondaReceived Call from Charla at Jay Wolfe Honda
inin LESSLESS thanthan ONEONE hour after receiving price quotes on 4 carshour after receiving price quotes on 4 cars
Phone Follow-up AnalysisPhone Follow-up Analysis
The most successfulThe most successful
eBusiness DealerseBusiness Dealers
focus on scheduling anfocus on scheduling an
appointment by using aappointment by using a
form that has a dualform that has a dual
purpose ofpurpose of “Information“Information
Gathering Tool”Gathering Tool” andand
suggested Phone Scriptsuggested Phone Script
during each call…during each call…
Let’s take a closer look atLet’s take a closer look at
this tool and how it is usedthis tool and how it is used
by dealers...by dealers...
Phone Follow-up AnalysisPhone Follow-up Analysis
Call MadeCall Made
WithinWithin
15 Minutes15 Minutes
(secret sauce)(secret sauce)
Call MadeCall Made
WithinWithin
15 Minutes15 Minutes
(secret sauce)(secret sauce)
Telephone ProcessTelephone Process
• 85% of Web visitors who contact the dealership
before coming into the showroom, use the phone
• Direct Phone contact (after responding to an
Internet lead by email), has the greatest impact on
increasing sales closing ratios
Phone Follow-Up Sales Strategy (FUSS):
• Focus on having a set of objectives in front of us,
each time we make an email follow-up call
• Word Track Forms (scripts) are used for training
and collecting customer information during each
call that is made immediately after sending
personalized email response
ROI from eBusinessROI from eBusiness
Requires Managed FocusRequires Managed Focus
1. Dedicated People who are held Accountable
for measurable results that are tracked
2. Documented Processes that clearly identify
the minimum tasks that must be executed
3. Performance Metrics that supply the dealer
with execution compliance measurement
4. Coaching & Mentoring from experienced
sources of results-based eBusiness
knowledge regarding effective processes
2.2%1.9%
7.3%
30.0%
22.4%
15.3%
9.0%
12.0%
13 or
More
Weeks
9 to 12
Weeks
5 to 8
Weeks
3 to 4
Weeks
1 Day to
2 Weeks
1 Day to
1 Week
2 Weeks 3 or
More
Weeks
Before Visiting First DealerBefore Visiting First Dealer After Visiting First DealerAfter Visiting First Dealer
89% of Internet Users Go Online Before Visiting a dealership89% of Internet Users Go Online Before Visiting a dealership
59% Go Online 3 weeks or more before visiting a dealership59% Go Online 3 weeks or more before visiting a dealership
Based to IUs
Do Dealer web sites generate showroom traffic and phone calls…Do Dealer web sites generate showroom traffic and phone calls…
In addition to the Internet leads we’ve come to expect?In addition to the Internet leads we’ve come to expect?
1
Based to total respondents
2
Based to those respondents who pre-contacted dealer by telephone or e-mail.
Multiple responses allowed.
79%
21%
All Internet Users (IU) Who Visited Dealer
after visiting Dealer or OEM Web Site
YES¹
Pre-Showroom Visit Dealer Contact1
Contact Method2
39%
85%
Email²
Phone²
Dealers May Not Realize the Showroom Visit orDealers May Not Realize the Showroom Visit or
Phone Call Originated from Integrated Marketing…Phone Call Originated from Integrated Marketing…
Direct Showroom Visit1
Web SiteWeb Site
LeadLead
VolumeVolume
formula
Phone CallsPhone Calls
from Dealerfrom Dealer
Web SiteWeb Site
formula
ShowroomShowroom
Traffic fromTraffic from
Dealer WebDealer Web
Site VisitorsSite Visitors
Total TrafficTotal Traffic
(Lead+Phone(Lead+Phone
+Showroom)+Showroom)
5050 (50/.39)x.85
109109 [(50/.39)/
.21]x.79 482482 641641
100100 (100/.39)x.85
218218 [(100/.39)/
.21]x.79 964964 1,2821,282
150150 (150/.39)x.85
327327 [(150/.39)/
.21]x.79 1,4471,447 1,9241,924
200200 (200/.39)x.85
436436 [(200/.39)/
.21]x.79 1,9281,928 2,5642,564
Internet Leads + Phone LeadsInternet Leads + Phone Leads + Showroom Visits+ Showroom Visits = Integrated Marketing= Integrated Marketing
What does this mean?
Internet Leads + Phone LeadsInternet Leads + Phone Leads + Showroom Visits+ Showroom Visits = Integrated Marketing= Integrated Marketing
Vehicle Shopper Behavioral ProfilesVehicle Shopper Behavioral Profiles¹¹
1
Profile Index of 100 equates to the industry average
Internet Users
(IU)
Non-Internet
Shoppers (NIS)
Non-Internet
Users (NIU)
Time Investors 137 37 50
Product Experts 113 76 85
Price Sensitive 112 73 91
Dealerphobes 112 89 74
Empowered
Negotiators
100 96 103
Internet's Impact on Decisions of IUs
49%
44% 46%
38% 38%
42%
32%
39%
29% 31%
13%
11%
15%
13% 11%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
Time Investors Dealerphobes Experts* Price Sensitive* Empowered
Negotiators*
Psychographic Profiles
%"BigImpact"
How much to pay Make/model puch Dealer purch from
Based to IUs
* Small sample
Submitting Purchase Requests
26%
33%
24%
29%
21%
0%
10%
20%
30%
40%
Time Investors Dealerphobes Experts* Price Sensitive* Empowered
Negotiators*
Psychographic Profiles
%SubmittedPurchaseRequest
Submitted Online Request
33%
26%
24 %
29%
21%
Based to All IUs
* Small sample
Courtesy ChevroletCourtesy Chevrolet
Lead Management Process (LMP):
Automated Reply w/Info Validation & Map
First Email w/Price Quotes on 4 Vehicles
Phone follow-up to verify receipt of email
Email Confirmation when Voicemail is left
Get second email address during phone call
Outbound Follow-up Calls made by BDC
Inbound Sales Calls handled by BDC
Appointment Reception Process

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Courtesy chevy lead management process v8c

  • 2. Courtesy Chevrolet URL’s • HouseOfCourtesy.com • CourtesyChev.com • Cheap-Chevy.com • Chevrolet-Car.com • Chevrolet-GM.com • Chevrolet-New.com • Chevrolet-USA.com • Chevrolet-Used.com • Chevy-Deals.com • Chevy-AZ.com • ChevyAZ.com • Drive-Chevy.com • Latino-Chevy.com • LatinoChevy.com • My-Chevrolet.com • My-Chevy.com • ChevyPriceQuote.com • Chevy-Price-Quote.com • GM-Certified-Used.com
  • 3. "I have no data yet. It is a capital"I have no data yet. It is a capital mistake to theorize before one hasmistake to theorize before one has data. Insensibly one begins to twistdata. Insensibly one begins to twist facts to suit theories instead offacts to suit theories instead of theories to suit facts."theories to suit facts."  Sir Arthur Conan Doyle (1859-1930), Sherlock HolmesSir Arthur Conan Doyle (1859-1930), Sherlock Holmes Experiential InsightExperiential Insight Prepared by: Ralph PagliaPrepared by: Ralph Paglia Ralph_Paglia@reyrey.comRalph_Paglia@reyrey.com 505-301-6369505-301-6369
  • 4. Courtesy has an Internet Department…Courtesy has an Internet Department… Does it have Integrated Marketing?Does it have Integrated Marketing? “Consumers are flocking to the Internet to initiate car buying, with 27% requesting a price quote from a dealer online. But the flood of 1.8 million leads monthly results in just a trickle of 165,000 sales, and an appalling lack of control means that this potentially profitable channel instead costs OEMs and dealers hundreds of dollars per vehicle it sells. Automakers and dealers must tighten lead management processes and merge online leads into their overall marketing strategies to boost sales and drive down costs.” - Mark Dixon Bünger; Forrester Research, 6/14/2005
  • 5. Number of leads received and vehicles sold each month¹ ¹Source: Nielsen, Wards’s Dealer Business, Automotive News and Forrester Research 9.2%9.2% Avg. Close RatioAvg. Close Ratio 9.2%9.2% Avg. Close RatioAvg. Close Ratio 3.5%3.5% UV/Lead RatioUV/Lead Ratio 3.5%3.5% UV/Lead RatioUV/Lead Ratio 57%57% Response RateResponse Rate 57%57% Response RateResponse Rate
  • 6. • Consumers get bad or no response from dealers. Dealers simply drop as much as 50% of leads — they never respond to them at all. And even when they do, it’s frequently several days after the lead was submitted — average lead response time is still more than 48 hours for most OEMs we interviewed.¹ OEM Quote: “Of our dealers, I’d say 10% really ‘get it,’ and about 30% are kind of trying. But 60% don’t even know where to begin — and don’t care.” Courtesy has an Internet Department…Courtesy has an Internet Department… Does it use proven and effectiveDoes it use proven and effective Lead Management Process?Lead Management Process? ¹Mark Dixon Bünger; Forrester Research, 6/14/2004
  • 7. Attributes of Dealer Responses to Sales Leads and their Correlation, or Impact on Customer Satisfaction and Sales Closing Ratios Prepared by: Ralph PagliaPrepared by: Ralph Paglia LMP@ralphpaglia.comLMP@ralphpaglia.com 505-301-6369505-301-6369
  • 8. Response Time & ContentResponse Time & Content  How do we measure the actual impact of “What” dealers do when they receive a lead?  How much are results effected by “When” they do it?  How do we measure the impact of timing on Lead Management Process? Two critical control factors measured during multiple RCS programs: 1. Timing correlation with Sales 2. Dealer Response Attributes  How do we measure the actual impact of “What” dealers do when they receive a lead?  How much are results effected by “When” they do it?  How do we measure the impact of timing on Lead Management Process? Two critical control factors measured during multiple RCS programs: 1. Timing correlation with Sales 2. Dealer Response Attributes
  • 9. A: Increasing Closing Ratios is notA: Increasing Closing Ratios is not “Just About”“Just About” Response Times…Response Times… A: Increasing Closing Ratios is notA: Increasing Closing Ratios is not “Just About”“Just About” Response Times…Response Times… Q: Why the variations?Q: Why the variations?Q: Why the variations?Q: Why the variations?
  • 10. Dealer Response Attribute Experienced by Customer within 24 hours* of Submitting Lead Completely orCompletely or Very SatisfiedVery Satisfied who DID NOTwho DID NOT experienceexperience the attributethe attribute Completely orCompletely or Very SatisfiedVery Satisfied who DIDwho DID Experience theExperience the attributeattribute GAPGAP StatisticalStatistical CorrelationCorrelation Factor ofFactor of attribute withattribute with CustomerCustomer SatisfactionSatisfaction % of ALL% of ALL RespondentsRespondents whowho DIDDID ExperienceExperience the attributethe attribute Dealer made Direct Phone ContactDealer made Direct Phone Contact with Customer after sending Emailwith Customer after sending Email 58%58% 84%84% 26%26% 2929 59%59% Dealer Acknowledged CustomerDealer Acknowledged Customer RequestRequest 51%51% 75%75% 24%24% 1212 94%94% Dealer Showed Genuine InterestDealer Showed Genuine Interest in Customer’s Wants & Needsin Customer’s Wants & Needs 13%13% 82%82% 69%69% 5353 87%87% Dealer Responded using Customer’sDealer Responded using Customer’s Preferred Communication MethodPreferred Communication Method 39%39% 76%76% 37%37% 2121 93%93% Customer Received Price QuotesCustomer Received Price Quotes from Dealerfrom Dealer 60%60% 90%90% 30%30% 3434 44%44% Customer Contacted more than onceCustomer Contacted more than once by Email and Telephoneby Email and Telephone 61%61% 85%85% 24%24% 2727 49%49% Dealer Confirmed Availability ofDealer Confirmed Availability of Vehicle(s) for Sale and DeliveryVehicle(s) for Sale and Delivery 55%55% 89%89% 34%34% 3838 52%52% *Survey Respondents received Emailed Survey invitations that were sent 24 hours after they had submitted an inquiry (Lead)… 77,000 Surveys Received during Q1, 2003 Impact of Dealer Response Attributes onImpact of Dealer Response Attributes on Customer SatisfactionCustomer Satisfaction::
  • 11. Impact of Dealer Response Attributes onImpact of Dealer Response Attributes on Vehicle PurchaseVehicle Purchase:: Dealer Response Attribute Experienced by Customer within 24 hours* of Submitting Lead PurchasePurchase Respondents*Respondents* whowho DID NOTDID NOT experienceexperience the attributethe attribute % of Purchase*% of Purchase* among theamong the RespondentsRespondents whowho DIDDID ExperienceExperience thethe attributeattribute GAPGAP StatisticalStatistical CorrelationCorrelation Factor ofFactor of responseresponse attribute withattribute with VehicleVehicle PurchasePurchase % of ALL% of ALL RespondentsRespondents whowho DIDDID ExperienceExperience the attributethe attribute Dealer made Direct Phone ContactDealer made Direct Phone Contact with Customer after sending Emailwith Customer after sending Email 17%17% 27%27% 9%9% 1111 59%59% Dealer Acknowledged Customer RequestDealer Acknowledged Customer Request 21%21% 23%23% 2%2% 11 94%94% Dealer Showed Genuine Interest inDealer Showed Genuine Interest in Customer’s Wants & NeedsCustomer’s Wants & Needs 21%21% 23%23% 2%2% 22 87%87% Dealer Responded using Customer’sDealer Responded using Customer’s Preferred Communication MethodPreferred Communication Method 21%21% 23%23% 2%2% 11 93%93% Customer Received Price QuotesCustomer Received Price Quotes from Dealerfrom Dealer 20%20% 27%27% 8%8% 99 44%44% Customer Contacted more thanCustomer Contacted more than once by Email and Telephoneonce by Email and Telephone 21%21% 25%25% 4%4% 55 49%49% Dealer Confirmed Availability ofDealer Confirmed Availability of Vehicle(s) for Sales and DeliveryVehicle(s) for Sales and Delivery 22%22% 24%24% 3%3% 33 52%52% *Survey Respondents who Purchased a Vehicle were identified via RDR data cross reference and match, Surveys sent 24 hours after lead submitted, sales tracked 90 days
  • 12. Top 4 Ways to Close More Sales to Leads Received Dealer Response Attribute Experienced by Customer within 24 hours of Submitting a Web based Inquiry (Lead) PurchasePurchase RespondenResponden ts* whots* who DID NOTDID NOT experienceexperience thethe attributeattribute % of% of Purchase*Purchase* among theamong the Leads whoLeads who DIDDID ExperienceExperience the attributethe attribute StatisticalStatistical CorrelationCorrelation Factor ofFactor of ResponseResponse attributeattribute withwith VehicleVehicle PurchasePurchase #1#1 Make Direct Phone Contact with CustomerMake Direct Phone Contact with Customer (after sending Email w/availability & prices)(after sending Email w/availability & prices) 17%17% 27%27% 1111 #2#2 Send Price Quotes by Email to CustomerSend Price Quotes by Email to Customer 20%20% 27%27% 99 #3#3 Contact Customer more than once byContact Customer more than once by EmailEmail andand TelephoneTelephone (within First 24 Hours)(within First 24 Hours) 21%21% 25%25% 55 #4#4 Make sure Customers are eitherMake sure Customers are either CompletelyCompletely oror Very SatisfiedVery Satisfied with the Lead Responsewith the Lead Response 21%21% 24%24% 33 *Survey Participants who Purchased a Vehicle were identified via RDR data cross reference and matching with Internet Lead Data RCS Marketing research (Q1, 2003) confirms the Best PracticesRCS Marketing research (Q1, 2003) confirms the Best Practices collected during “Best In Class” Dealer Benchmark studies.collected during “Best In Class” Dealer Benchmark studies. How to sell more vehicles to customers that submit Internet leads…How to sell more vehicles to customers that submit Internet leads… Without relying on opinion or seat of the pants management!Without relying on opinion or seat of the pants management! RCS Marketing research (Q1, 2003) confirms the Best PracticesRCS Marketing research (Q1, 2003) confirms the Best Practices collected during “Best In Class” Dealer Benchmark studies.collected during “Best In Class” Dealer Benchmark studies. How to sell more vehicles to customers that submit Internet leads…How to sell more vehicles to customers that submit Internet leads… Without relying on opinion or seat of the pants management!Without relying on opinion or seat of the pants management! Results ProvenResults Proven Best PracticesBest Practices Results ProvenResults Proven Best PracticesBest Practices
  • 13. 85% of Internet Leads are submitted85% of Internet Leads are submitted by car buyers who submit ONE requestby car buyers who submit ONE request to ONE dealer of that brand*…to ONE dealer of that brand*… 40% of Internet Leads are submitted by40% of Internet Leads are submitted by people who submit ADDITIONAL requestspeople who submit ADDITIONAL requests to other dealers of a different brand…to other dealers of a different brand… On a different make and model vehicleOn a different make and model vehicle.*.* •*Morpace Research/MSN Auto Dealer Lead Referrals; Lead Data Cross-Referencing Analysis – 88,000+ Leads, 2003 Let’s take a closer look at the factsLet’s take a closer look at the facts RE: The myth that dealers are competing with other dealers of the same brand when they get an Internet Lead…
  • 14. The average number of leads submittedThe average number of leads submitted by new vehicleby new vehicle buyersbuyers in 2002 was 1.43in 2002 was 1.43 The average number of leads submittedThe average number of leads submitted by new vehicleby new vehicle buyersbuyers in 2003 was 1.36in 2003 was 1.36 The average number of leads submittedThe average number of leads submitted by new vehicleby new vehicle buyersbuyers in 2004 is 1.33 YTDin 2004 is 1.33 YTD •*Major OEM Data Tracking Research; Lead Data Cross-Referencing Analysis – 1,500,000+ Leads, 2003 Let’s take a closer look at the factsLet’s take a closer look at the facts RE: The myth of the Internet Shopper submitting leads to dozens of dealers
  • 15. On a model line basis, OEM suppliedOn a model line basis, OEM supplied Internet Leads generate a $23 higher grossInternet Leads generate a $23 higher gross profit per unit sold than average PNVRprofit per unit sold than average PNVR Dealers who compare their Internet Sales GrossDealers who compare their Internet Sales Gross Profit PVR with the dealership’s aggregate Gross PVRProfit PVR with the dealership’s aggregate Gross PVR get a distorted number because of the difference inget a distorted number because of the difference in model mix of the sales pool being compared. Typicalmodel mix of the sales pool being compared. Typical overall store sales include a higher percentage of Highoverall store sales include a higher percentage of High Demand models, relative to model mix of Internet SalesDemand models, relative to model mix of Internet Sales •*Major OEM Data Tracking Research; Lead Data Cross-Referencing Analysis – 2003 Let’s take a closer look at the factsLet’s take a closer look at the facts RE: The myth that Internet leads generate less profitable sales results
  • 16. ““No Response Syndrome”No Response Syndrome” When customers receive initial email responses fromWhen customers receive initial email responses from dealers that do not deliver perceived value, theydealers that do not deliver perceived value, they follow their own “Lead Management Process”:follow their own “Lead Management Process”: 1.1. Delete the email messageDelete the email message 2.2. Do not respond by emailDo not respond by email 3.3. Do not answer phone calls from dealership orDo not answer phone calls from dealership or return messages left via answering machinereturn messages left via answering machine 4.4. Future emails from same dealer are deletedFuture emails from same dealer are deleted without being opened or responded towithout being opened or responded to
  • 17. Offer alternatives Provide value-added content Be conversational – (“smile”) Be clear and to the point Create desire Create sense of urgency Give reasons to choose dealership Ask for appointment - logically Setup choice close Ensure professional content Confirm availability Quote prices Setup follow-up call Manage customer expectations The Science of using Email Templates for improved direct contact ratios and sales results Offer Product Presentation Proven BestProven Best PracticesPractices Proven BestProven Best PracticesPractices
  • 18. 5 Lead Management Activities that Drive Lead-to-Closes at 44 times higher rate 1. Direct customer phone contact made by dealer within first 24 hours 2. Consumer received price quote(s) within first 24 hours 3. Dealer confirmed availability of multiple vehicles within first 24 hours 4. Dealers showed genuine interest 5. Customer contacted more than once within first 24 hours Source: Morpace 24 hour survey and RDR sales Data (new study reconfirms close rate impact factors)
  • 19. Lead Close RateLead Close Rate Improvement Action ItemsImprovement Action Items Courtesy LMP Audits • Survey customers who didn’t purchase • Review Lead Management Tool for a sampling of previous responses • Score first personalized responses using the eBusiness Evaluation System
  • 20. Bottom Line 1. Customer has spent up to 6 hours in researching a vehicle online 2. Selected you as their dealer 3. Requested a quote on a vehicle They are much likely to buy from you if you… 1. Respond quickly – without fluff and puff 2. Confirm vehicle availability – with alternatives 3. Provide a fair price quote – multiple vehicles 4. Contact them by phone – verify receipt of email
  • 21.
  • 22. To verify that you have received this message, and because the information above is important and time sensitive, we will contact you by phone ASAP. I would like to verify that you've received ALL THE INFORMATION YOU NEED and answer your questions on a direct and personal basis. Courtesy Chevrolet’s goal is to provide people shopping for a car or truck with a streamlined and convenient way to make the process easier and more enjoyable than what it has been in the past… Because, that’s the way it should be. Here are a few direct links to some of our web services that are available online: •Courtesy Chevrolet New Vehicle Inventory •Courtesy Chevrolet Used Vehicle Inventory •Courtesy Chevrolet Online Financial Application •Courtesy Chevrolet Map and Door-to-Door Directions I am looking forward to making it easy for you to drive a new Chevrolet!
  • 23.
  • 24. 1.1. Automated Email Reply acknowledging receipt –Automated Email Reply acknowledging receipt – Verify Customer Contact Info & ask for moreVerify Customer Contact Info & ask for more 2.2. Personalized EmailPersonalized Email within 20 minuteswithin 20 minutes of businessof business day that provides price quotes on 4 vehicles andday that provides price quotes on 4 vehicles and sets stage for a follow-up telephone call within 30sets stage for a follow-up telephone call within 30 minutesminutes 3.3. Successful Phone Call to customer that establishesSuccessful Phone Call to customer that establishes a basic level of trust and results in an appointmenta basic level of trust and results in an appointment 4.4. Appointment Confirmation by EmailAppointment Confirmation by Email andand TelephoneTelephone 5.5. Instruct customer to check in at reception desk,Instruct customer to check in at reception desk, manager review agenda upon customer arrival,manager review agenda upon customer arrival, introduce ISS who sells & delivers the vehicleintroduce ISS who sells & delivers the vehicle 6.6. Follow-up Email that sets the stage for referralsFollow-up Email that sets the stage for referrals Lead Management PROCESS 101Lead Management PROCESS 101
  • 25. Wolfe Automotive Group; Kansas City, MOWolfe Automotive Group; Kansas City, MO WAG Monthly Internet Sales 3 0 7 2 5 1 2 8 2 2 3 3 2 5 6 2 7 8 2 8 8 2 2 3 2 3 5 2 0 6 2 17 2 0 0 2 5 4 16 4 15 0 11010 6 8 3 4 2 - 15 10 35 60 85 110 135 160 185 210 235 260 285 310 S e p t O c t N o v D e c Ja n Fe b Ma r A p r Ma y Ju n e Ju ly A u g S e p O c t No v D e c Ja n Fe b Ma r September 2002 - March 2004 DP: Jeff WolfeDP: Jeff Wolfe IMD: Mark VickeryIMD: Mark Vickery(Consultant:: Ralph Paglia)(Consultant:: Ralph Paglia) Wolfe Auto GroupWolfe Auto Group Internet Sales LinearInternet Sales Linear Trendline AnalysisTrendline Analysis Wolfe Auto GroupWolfe Auto Group Internet Sales LinearInternet Sales Linear Trendline AnalysisTrendline Analysis First 19 months with Paglia LMPFirst 19 months with Paglia LMP
  • 26. 9/13 @ 11:54 AM9/13 @ 11:54 AM
  • 27. Thank you for your inquiry on the 2003 Honda Accord EX. Below you will find information regarding the vehicle that most closely matches the vehicle you selected, along with other important information for you. You can view our entire inventory online at: www.jaywolfehonda.com Year-Make Model Invoice MSRP E-Price Stock # 2003 Honda Accord $19,900 $22,060 $20,400 H31155 In addition, here are a few other vehicles we selected, based on your inquiry, that you may want to consider: Year-Make Model Invoice MSRP E-Price Stock # 2003 Honda Accord $15,407 $16,260 $15,907 available 2003 Honda Accord $17,698 $19,660 $18,195 H32068 2003 Honda Civic $15,094 $16,470 $15,194 H32098 Additionally, the manufacturer may offer special APR’s (interest rates) on select models that are subject to credit approval. Email Response AnalysisEmail Response Analysis
  • 28. 1. Verify customer has received the email with price quotes on 4 vehicles. If relevant, obtain customer’s “REAL” email address and schedule a follow-up call after re-sending quotes to new email address (work) 2. Establish what is most important to your customer by following the Internet Price-Quote Follow-up word track from Reynolds Consulting 3. Set the stage for your Customer’s expectations… Create a buying “Plan” during the conversation 4. Schedule appointment for a vehicle presentation and test drive at dealership or customer’s location 5. Follow-up with email confirmation of appointment First Call After Sending Personalized ResponseFirst Call After Sending Personalized Response Purpose: 9/13 @ 12:32 PM -9/13 @ 12:32 PM - Received Call from Charla at Jay Wolfe HondaReceived Call from Charla at Jay Wolfe Honda inin LESSLESS thanthan ONEONE hour after receiving price quotes on 4 carshour after receiving price quotes on 4 cars Phone Follow-up AnalysisPhone Follow-up Analysis
  • 29. The most successfulThe most successful eBusiness DealerseBusiness Dealers focus on scheduling anfocus on scheduling an appointment by using aappointment by using a form that has a dualform that has a dual purpose ofpurpose of “Information“Information Gathering Tool”Gathering Tool” andand suggested Phone Scriptsuggested Phone Script during each call…during each call… Let’s take a closer look atLet’s take a closer look at this tool and how it is usedthis tool and how it is used by dealers...by dealers... Phone Follow-up AnalysisPhone Follow-up Analysis Call MadeCall Made WithinWithin 15 Minutes15 Minutes (secret sauce)(secret sauce) Call MadeCall Made WithinWithin 15 Minutes15 Minutes (secret sauce)(secret sauce)
  • 30. Telephone ProcessTelephone Process • 85% of Web visitors who contact the dealership before coming into the showroom, use the phone • Direct Phone contact (after responding to an Internet lead by email), has the greatest impact on increasing sales closing ratios Phone Follow-Up Sales Strategy (FUSS): • Focus on having a set of objectives in front of us, each time we make an email follow-up call • Word Track Forms (scripts) are used for training and collecting customer information during each call that is made immediately after sending personalized email response
  • 31. ROI from eBusinessROI from eBusiness Requires Managed FocusRequires Managed Focus 1. Dedicated People who are held Accountable for measurable results that are tracked 2. Documented Processes that clearly identify the minimum tasks that must be executed 3. Performance Metrics that supply the dealer with execution compliance measurement 4. Coaching & Mentoring from experienced sources of results-based eBusiness knowledge regarding effective processes
  • 32. 2.2%1.9% 7.3% 30.0% 22.4% 15.3% 9.0% 12.0% 13 or More Weeks 9 to 12 Weeks 5 to 8 Weeks 3 to 4 Weeks 1 Day to 2 Weeks 1 Day to 1 Week 2 Weeks 3 or More Weeks Before Visiting First DealerBefore Visiting First Dealer After Visiting First DealerAfter Visiting First Dealer 89% of Internet Users Go Online Before Visiting a dealership89% of Internet Users Go Online Before Visiting a dealership 59% Go Online 3 weeks or more before visiting a dealership59% Go Online 3 weeks or more before visiting a dealership Based to IUs
  • 33. Do Dealer web sites generate showroom traffic and phone calls…Do Dealer web sites generate showroom traffic and phone calls… In addition to the Internet leads we’ve come to expect?In addition to the Internet leads we’ve come to expect? 1 Based to total respondents 2 Based to those respondents who pre-contacted dealer by telephone or e-mail. Multiple responses allowed. 79% 21% All Internet Users (IU) Who Visited Dealer after visiting Dealer or OEM Web Site YES¹ Pre-Showroom Visit Dealer Contact1 Contact Method2 39% 85% Email² Phone² Dealers May Not Realize the Showroom Visit orDealers May Not Realize the Showroom Visit or Phone Call Originated from Integrated Marketing…Phone Call Originated from Integrated Marketing… Direct Showroom Visit1
  • 34. Web SiteWeb Site LeadLead VolumeVolume formula Phone CallsPhone Calls from Dealerfrom Dealer Web SiteWeb Site formula ShowroomShowroom Traffic fromTraffic from Dealer WebDealer Web Site VisitorsSite Visitors Total TrafficTotal Traffic (Lead+Phone(Lead+Phone +Showroom)+Showroom) 5050 (50/.39)x.85 109109 [(50/.39)/ .21]x.79 482482 641641 100100 (100/.39)x.85 218218 [(100/.39)/ .21]x.79 964964 1,2821,282 150150 (150/.39)x.85 327327 [(150/.39)/ .21]x.79 1,4471,447 1,9241,924 200200 (200/.39)x.85 436436 [(200/.39)/ .21]x.79 1,9281,928 2,5642,564 Internet Leads + Phone LeadsInternet Leads + Phone Leads + Showroom Visits+ Showroom Visits = Integrated Marketing= Integrated Marketing What does this mean? Internet Leads + Phone LeadsInternet Leads + Phone Leads + Showroom Visits+ Showroom Visits = Integrated Marketing= Integrated Marketing
  • 35. Vehicle Shopper Behavioral ProfilesVehicle Shopper Behavioral Profiles¹¹ 1 Profile Index of 100 equates to the industry average Internet Users (IU) Non-Internet Shoppers (NIS) Non-Internet Users (NIU) Time Investors 137 37 50 Product Experts 113 76 85 Price Sensitive 112 73 91 Dealerphobes 112 89 74 Empowered Negotiators 100 96 103
  • 36. Internet's Impact on Decisions of IUs 49% 44% 46% 38% 38% 42% 32% 39% 29% 31% 13% 11% 15% 13% 11% 20% 30% 40% 50% 60% 70% 80% 90% 100% 110% Time Investors Dealerphobes Experts* Price Sensitive* Empowered Negotiators* Psychographic Profiles %"BigImpact" How much to pay Make/model puch Dealer purch from Based to IUs * Small sample
  • 37. Submitting Purchase Requests 26% 33% 24% 29% 21% 0% 10% 20% 30% 40% Time Investors Dealerphobes Experts* Price Sensitive* Empowered Negotiators* Psychographic Profiles %SubmittedPurchaseRequest Submitted Online Request 33% 26% 24 % 29% 21% Based to All IUs * Small sample
  • 38. Courtesy ChevroletCourtesy Chevrolet Lead Management Process (LMP): Automated Reply w/Info Validation & Map First Email w/Price Quotes on 4 Vehicles Phone follow-up to verify receipt of email Email Confirmation when Voicemail is left Get second email address during phone call Outbound Follow-up Calls made by BDC Inbound Sales Calls handled by BDC Appointment Reception Process

Editor's Notes

  1. mark