Dealers Edge

MAY 15, 2024

Brief History of General Manager Compensation Plans Most GM compensation plans were pretty simply crafted. This changed the nature of GM compensation to where it became a “really great job”, but usually not with equity acquisition as the end goal. So, as conditions change, what is the current strategy for General Manager Compensation?

Quota 59

Quota Management Dealerships Sales Goals 59

Carscoops

APRIL 4, 2024

Furthermore, the payout per vehicle increases if the dealership surpasses 120 percent of its sales goal. Read: Ford EV Sales Nearly Double In Q1, Hybrids Up 42%, F-Series Down 10% In February and March, dealers got $750 per truck when they matched their goal, and $1,500 when they exceeded it, according to a report from Autonews.

Dealer Incentives 94

Dealer Incentives Dealer incentives Sales Sales Goals 94

AutoRaptor

APRIL 4, 2024

Sales scheduling is a critical aspect of any business. By effectively managing your sales schedule, you can ensure that tasks are completed efficiently, deadlines are met, and resources are allocated appropriately. This allows you to focus on high-priority tasks, eliminate wasteful activities, and optimize your sales efforts.

Sales 52

Sales Sales Goals Management Term 52

Dealer World

JULY 29, 2024

The survey offers a candid, on-the-ground view of auto retail’s opportunities and challenges in the near and medium term,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “Our second annual survey of OEM executives provides a critical window into their unique perspectives of the automotive industry.

Retail 79

Retail Sales Dealerships Sales Goals 79

AutoSuccessOnline

JULY 31, 2024

The survey offers a candid, on-the-ground view of auto retail’s opportunities and challenges in the near and medium term,” said Erin Kerrigan, founder and managing director of Kerrigan Advisors. These results are consistent with the declining sales growth in EVs – through June 2024, EV sales growth is down 84% compared to 2023.

Sales 52

Sales Retail Sales Goals Dealerships 52

CarExpert

SEPTEMBER 4, 2024

Volvo has adjusted its ambitious electric vehicle (EV) sales goals amid cooling demand for battery-powered models. However, cooling demand for EVs has led Volvo to walk back its plans overnight, and it’s now targeting 90 to 100 per cent electrified vehicle sales by 2030 – with the new target including plug-in hybrids (PHEVs).

Sales Goals 59

Sales Goals Deal Sales Management 59

Shawn Ryder

JANUARY 13, 2024

Sales Manager A skilled sales manager is responsible for leading the sales team, setting sales goals, monitoring performance, and implementing strategies to increase sales. They work closely with financial institutions, negotiate loan terms, and ensure compliance with applicable regulations.

Finance 52

Finance Management Dealerships Repairing 52

AutoSuccessOnline

JULY 10, 2024

Consider implementing multi-rings, leveraging a BDC or overflow call center, transferring calls to an available manager when needed and/or implementing a fallback to an agent’s cell phone after three rings. These are all potential sales opportunities that may be ready to purchase.

Sales 52

Sales Sales Goals Dealerships Customer 52

Dealer World

JUNE 13, 2024

Unfortunately, these critical phone interactions can be hard to evaluate, and a few small but important details can be the difference between a sale and a fail. On top of that, most generic training doesn’t address their actual performance, so it’s difficult for both managers and employees to identify and correct any problems.

Sales 80

Sales Extended Warranty Dealerships Sales Goals 80

Auto Alert

JUNE 18, 2024

Here are the top features to look for: Lead Management Lead management allows a dealership to determine the best customers to follow up with based on multiple factors. It improves the efficiency and productivity of your sales team by helping them focus on the right leads at the right time.

Dealerships 62

Dealerships Management Customer Sales 62

Dealer World

JUNE 4, 2024

Inbound calls are more directly tied to appointment rates and sales goals, and outbound calls tend to drive growth. Remind the customer their manager will be calling a day or two before the appointment to confirm. You never want this number higher than 9%, and even that’s pushing it. Check the details before hanging up.

Consulting 81

Consulting Customer Dealerships Sales Goals 81

Shawn Ryder

SEPTEMBER 30, 2024

By defining clear goals, understanding your audience, selecting the right platforms, creating engaging content, managing your budget wisely, and continuously analyzing performance, you can drive more sales through targeted campaigns. Ready to get started?

Dealerships 52

Dealerships Demographic Sales ROI 52

Auto Alert

OCTOBER 7, 2024

From sales forecasting to inventory management, clean data allows you to identify trends, gather customer insights, and adjust your strategies accordingly. Clean data also helps track performance metrics more reliably, enabling you to adjust strategies to meet sales goals and optimize marketing efforts.

Dealerships 62

Dealerships Customer Sales Goals Sales 62

AutoRaptor

APRIL 23, 2024

Balancing Client Engagement and Sales Goals Effective client engagement should not overshadow your sales goals. It’s essential to strike a balance between staying in touch with your clients and achieving your sales targets.

Sales Goals 52

Sales Goals Quota Dealerships Customer 52

Dealer World

JUNE 18, 2024

Having a manager follow up with a second call to confirm the appointment a day or so ahead of time is also a smart move. OK: 20% of your customer appointments being high-intent leads is about what your sales team will need to hit those monthly sales goals. A lack of leads from your CRM/CDP can be an issue.

Dealerships 83

Dealerships Customer Development Sales Goals 83

Dealer World

MAY 23, 2024

Dollar metrics Inventory turnover Per-vehicle revenue targets Used/new vehicle sales ratio Sales per employee Call-appointment ratios Lead follow-up times Conversion rates Of course, many aspects of these numbers are related, and it takes a keen eye to understand exactly how they’re influencing your overall sales goals.

Dealerships 82

Dealerships Sales Consulting Sales Goals 82

Dealer World

JULY 9, 2024

Investing in a great training program is one of the best ways to increase all of your key metrics and meet your monthly sales goals. That being said, sometimes it can be difficult to prioritize sales team training.

Dealerships 81

Dealerships Sales Consulting Finance 81

Dealer World

MAY 3, 2024

How well they manage those interactions on the phone translates directly to dollar signs. Even if they’re a little hesitant to participate, once your team starts seeing the results on monthly sales goals and in their paychecks, they’ll definitely be on board.

Dealerships 83

Dealerships Sales Sales Goals Customer 83

Turbo Marketing Solutions

JULY 26, 2024

Generating a consistent volume of high-quality leads in the automotive industry is no small feat—it's a strategic juggling act that can make or break your sales goals. Managing lead volume in the automotive industry requires careful assessment of dealership capacity, sales team readiness, and effective lead nurturing strategies.

Automotive 52

Automotive Dealerships Management Customer 52

Dealer World

DECEMBER 7, 2023

Here’s how to leverage all these tactics to boost your monthly sales goals and get an edge over the competition in 2024. UNIFY YOUR BRAND AND CUSTOMER SERVICE PRESENTATION In the past, the job of selling your brand image and maintaining quality customer interactions was largely left up to each person on the sales team.

Automotive 52

Automotive Sales Customer Sales Goals 52

AutoRaptor

APRIL 4, 2024

Aligning Goals: Sales meetings are an opportunity to align individual sales goals with the organization’s overall objectives. By setting clear targets and expectations, sales meetings ensure that every member of the team is working towards a common goal.

Sales 52

Sales Dealerships Management Sales Goals 52

Dealer World

NOVEMBER 6, 2023

Cracking the sales code: it’s an enigma that keeps sales leaders, general managers, and dealership owners puzzling over tactics month after month. When sales numbers dip, you know it’s time to rethink your strategy. Every dealership leader knows that training is the key to effective sales.

Sales Goals 52

Sales Goals Dealerships Sales Customer 52

Shawn Ryder

MAY 6, 2024

In the competitive world of automotive sales, it is crucial to stay ahead of the game and constantly adapt to the evolving market demands. By showing your customers that you are committed to their satisfaction even after the sale, you are more likely to earn their trust and turn them into loyal, repeat customers.

Dealerships 52

Dealerships Sales Finance Rate Demographic 52

CarExpert

OCTOBER 11, 2024

BYD is now continuing to develop its battery technology for greater efficiency, safety, and range, while also managing its three subsidiaries and their respective model lines. BYD’s Australian sales continue to grow. In 2023, that number skyrocketed to 12,438, and so far this year it’s managed to sell 15,181 units.

Manufacturing 105

Manufacturing Sales Development Technology 105

Shawn Ryder

SEPTEMBER 28, 2024

With centralized data management and aligned messaging across various platforms, teams can reduce the time spent on creating distinct campaigns for different audiences or channels. This cohesive strategy not only saves resources but also enables marketers to focus on crafting personalized experiences based on integrated customer insights.

Dealerships 52

Dealerships Buyer Finance Customer 52

Automotive Mastermind

JUNE 17, 2022

This process empowers dealers to meet their short-term sales goals by maximizing their available inventory – all while protecting against competitor’s conquest efforts by reaching buyers before they start shopping around. This allows dealers to map their available inventory to the best prospective buyers.

Customer 52

Customer Dealerships ROI Term 52

Automotive Digital Marketing

AUGUST 8, 2024

Other off-page SEO strategies include social media marketing, influencer outreach, and online reputation management. PPC campaigns should align with inventory availability and current sales goals, ensuring that ad spend is optimized for maximum return. Budget management within PPC campaigns is crucial.

Dealerships 52

Dealerships Customer Management Marketing 52

Automotive Mastermind

APRIL 27, 2023

It’s important to consider both short-term and long-term goals, as well as how these goals align with your dealership’s mission and values. Contact us for a free demo.

Dealerships 52

Dealerships Quota Term Customer 52

Turbo Marketing Solutions

JUNE 28, 2024

They serve as barometers for customer satisfaction, loyalty, and financial impact, offering a comprehensive view of how effectively the program is contributing to sales growth and customer relationship management.

Customer 52

Customer Automotive Sales Dealerships 52

CarExpert

JUNE 17, 2024

That plan attracted Canadian dealers, with annual sales goals of 12,000 for Land Rover and 8000 for Jaguar set in the country. Dealers managed to sell 4620 Jaguars in 2017, but that number fell to 1118 in 2023. million) typically spent on upgrades.

Sales Goals 111

Sales Goals Networking Retail Dealerships 111

Carscoops

JUNE 17, 2024

Jaguar’s new ultra-luxury strategy involves going all-electric and will shake up how cars are sold while drastically reducing sales expectations. While Land Rover has seemingly managed to be doing quite well, Jaguar has been quietly reinventing itself.

Retail 120

Retail Sales Goals Networking Dealerships 120