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Stories from the Sales Frontlines

47319 messages,  Last post on Nov 10, 2009 at 5:06 AM

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What is this discussion about? Car Buying


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#37510 of 47319
Re: No Call Back [boomchek] by driver100
Jan 02, 2009 (12:40 pm)
Reply

Replying to: boomchek (Jan 02, 2009 11:38 am)

Walkins closing ratio is about 1 in 10.
 Phone calls ratio is actually about the same.
 Out of 10 calls, 5 will book appts to come in, half of those 5 will show up = 2 or 3, and one will buy. Closing ratio is higher on appointments over walk ins

 
Very interesting and much higher than I would have expected. I have neighbor that took 2 years to decide and he went to the dealer almost every week. It had to be a Chev product but he probably went to 20 dealers over the 2 years. I thought there were lots of tire kickers, the curious, the daydreamers, the I don't have anything else to do with my life, the comparison shopper (10 dealers or more), the I just like sitting in different cars, the waiting for my wife types, etc. That's a pretty good closing ratio really.
#37511 of 47319
ad cars by stickguy
Jan 02, 2009 (1:20 pm)
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A cuple of months back, I almost bought a used Passat wagon at the local VW dealer. But, it got sold on a Monday just before I got back to deal on it. Oh well, snooze you lose.
 
But, that unit was still in the weekly (sunday) ad at least 3 weeks past that, so almost a month real time. And this is in the local paper, so they must have to submit a new ad every week.
 
I can see maybe the next weekend, but anything after that screams of fraud (or at least sleaziness). At best it is pure laziness.
#37512 of 47319
Re: ad cars [stickguy] by isellhondas
Jan 02, 2009 (1:22 pm)
Reply

Replying to: stickguy (Jan 02, 2009 1:20 pm)

Be happy, you dodged a bullet!
#37513 of 47319
Re: No Call Back [boomchek] by oldfarmer50
Jan 02, 2009 (1:56 pm)
Reply

Replying to: boomchek (Jan 02, 2009 11:38 am)

"...I don't understand why somebody would even go as far as a credit app only to never respond to our emails or phone calls..."
 
I'm just guessing but these people may be dealing with a salesman at another store and they're trying to "keep him honest" by soliciting other offers from dealers they have no intention of buying from. I've even done this myself when buying supplies for the farm. My regular go-to guy gives me a price and especially if there's been a bump in the cost I'll ask for a price from a competitor. It's for my peace of mind and I'll always let the other guy know if I'll be sticking with my regular guy. Occasionally, the new person has superior service or price and I'll switch suppliers. To not keep tab on your costs is a sure way to go broke.
 
I guess what I'm saying is perhaps not every squirly request comes from some kid in his parent's basement.
#37514 of 47319
Re: ad cars [isellhondas] by joel0622
Jan 02, 2009 (2:02 pm)
Reply

Replying to: isellhondas (Jan 02, 2009 1:22 pm)

#37515 of 47319
Re: No Call Back [driver100] by boomchek
Jan 02, 2009 (2:03 pm)
Reply

Replying to: driver100 (Jan 02, 2009 12:40 pm)

When you set an appointment time with someone, they're more likely to come rather than just saying "drop by whenever" because the customer knows you're putting time aside for them.
 
It's not foolproof, but it works better than having no set time.
 
And typically when someone does call it means they have done their research, they sorta know what they want.
 
Plus the 2 main reasons for a call is the customer is trying to find out inventory, and shopping for a saleperson over the phone.
 
If the dealer that sandman called had his inventory, and the salesperson would have been friendly, then as he said, chances are he would have put a dip on a unit.
 
People phone in because it's easier and quicker to "get a feel" if a salesperson is good or not (friendly, helpful etc) by a quick 2 minute call, rather than a driving to and spending time at a dealership.
 
I've gotten many deals from folks who called and I was the only dealer in the area who was friendly, and knew my specials etc...
 
To get to my dealership they passed 5 crappy ones who failed to learn current specials, or have basic telephone skills.
#37516 of 47319
Re: No Call Back [oldfarmer50] by boomchek
Jan 02, 2009 (2:05 pm)
Reply

Replying to: oldfarmer50 (Jan 02, 2009 1:56 pm)

Ok, quick price inquiries yes, but credit applicatiopn with all your personal info to get a pre approval done? That's a bit careless.
#37517 of 47319
Re: No Call Back [boomchek] by oldfarmer50
Jan 02, 2009 (3:34 pm)
Reply

Replying to: boomchek (Jan 02, 2009 2:05 pm)

"...That's a bit careless..."
 
More than careless, stupid, on so many levels.
#37518 of 47319
Re: ad cars [stickguy] by jipster
Jan 02, 2009 (6:56 pm)
Reply

Replying to: stickguy (Jan 02, 2009 1:20 pm)

But, that unit was still in the weekly (sunday) ad at least 3 weeks past that, so almost a month real time. And this is in the local paper, so they must have to submit a new ad every week.
 
Only 3 weeks? I saw an ad for a Toyota Sienna CE (base) run for almost 2- 3 months after it was "sold". I was in the market for a CE, the Toyota dealership didn't have any on the lot... supposedly because no one wanted the base model. Ad comes out for the CE, I call first thing in the morning. Salesman doesn't know about it, then comes back and says it was already sold. I see the same ad for the next few months or so. This was back in 04' when the Sienna was a hot minivan. I would guess the dealership sold quite a few of the LE's and XLE's from people calling in about the CE. As it is so often said,"They wouldn't do it if it didn't work."
 
Due to misleading screamer ads, internet inventories not kept up to date, and inaccurate information given over the phone, it's always better to flatfoot a dealership before making any calls or internet inquiries. This is covered in the "Jipst Method" of car buying. Do a google search for more information.
#37519 of 47319
Re: ad cars [jipster] by richard64
Jan 03, 2009 (1:12 am)
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Replying to: jipster (Jan 02, 2009 6:56 pm)

As one of your team members, I follow the "Jipst Method". My minimum time at the dealership is three hours and average is five. Yesterday, I tried the "Jmonroe Method" of internet inquiry. I finally received an automated response two hours later and a real response this afternoon---a 24 hour wait time. It doesn't bother me, but I'm using the flatfoot approach tomorrow. I think that I had rather meet a salesman face to face. I've completed my three months of research and my one year training at Edmunds. I am now ready to do battle for the LS/GM. Besides, rebates end Monday and I don't have time to go back and forth via internet. Let me at those boys!
 
Richard

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