How You Can Get Higher Profit Margins with MAXDigital

How You Can Get Higher Profit Margins with MAXDigital

The modern automotive customer comes into the dealership armed with information consumers of the past didn’t have. These shoppers have been researching their decision for hours before they step in the door, and they know the market value of the car they want. Often they know this value even better than your sales staff.

Intimidated and unable to back up the price, salespeople often drop it to make the sale. These discounts add up over time and can have a huge impact on your business. MAX Digital can help you stop the drop and get higher profit margins on the vehicles you sell.

Learn How MAX Digital Can Help You Stop the Drop and Increase Your Profit Margins

The first step to solving a problem is assessing the situation. How often are you experiencing the drop? MAX Digital’s “Assess Your Drop” quiz can help you see how well you’re currently protecting your profit margins. The quiz takes just five minutes and can highlight areas where you can improve.

No matter what your score is, you can always do more to prevent the discounts. The MAX Digital platform is full of tools that help you defend your price and stop the drop.

Justify Your Price Online

MAX starts fighting the drop before your customers even step onto the showroom.  Our comprehensive merchandising tool and content generation engine create thoroughly detailed VDPs for your web page. These VDPs include price justification with several proof points, including market comparisons. With the knowledge that they’re getting a fair price, shoppers are less likely to try to lower the price more.

Turn Your Team Into Experts

It is impossible for every one of your salespeople to know every vehicle inside and out. MAX puts the information they need to become experts at their fingertips. The MAX Digital Showroom app lets your team instantly access the vehicle information they need to hold firm on the price.

MAX can do even more to give you the higher profit margins you’ve always wanted. From sourcing affordable cars to providing powerful analytic tools, there’s something for you on our platform. Schedule a demonstration or contact us at (888) 841-0884 to learn more about what MAX can do for you

Easily Gain Trust and Win More Automotive Sales with MAX

Easily Gain Trust and Win More Automotive Sales with MAX

The unfortunate truth is, people just don’t trust car salespeople. They consistently rank as one of the least trusted professions in the US, and there’s one central reason why: people need to buy cars, but don’t like being sold to. 

MAXDigital wants to help you change the narrative of automotive sales.

Innovations in information technology have changed the automotive market in profound ways. These same changes have created new opportunities for salespeople to build trust with customers. The MAX Digital Automotive Merchandising Tool lets you train your sales team to become automotive experts who can gain the confidence and sales of modern consumers.

How Your Automotive Sales Team Can Gain Customer Trust

88% of consumers use the internet to shop for cars, and increasingly, larger portions of the decision-making process happen online. These shoppers are looking for honesty and information once they make their way to the dealership. They’re looking for someone to facilitate their purchase, not a salesperson. MAX Digital gives sales staff the power to give consumers the facts they desire.

Transparency

Today’s car buyer isn’t willing to just take your word on a car. They want to know the value of things before they buy. They’ll want to know what they can expect from the vehicle, and they’ll do much of their research before stepping through the doors of your dealership.

MAX for Website creates highly informative Vehicle Detail Pages, and MAX Ad distributes thorough ads to hundreds of third party websites, giving them all the information they need. These pages also list heavily supported prices, letting consumers know they’re getting a great deal.

Be an Expert

With the amount of homework consumers do before they stop in the dealership, it is very likely they know more about the vehicle they want than you do. It is almost impossible for every salesperson to know everything about all the cars on your lot.

MAX Digital Showroom puts this information at your sales team’s fingertips through their smart devices. Consumers can easily take on any question or concern with confidence thanks to MAX’s effective platform.

Be Relatable

A simple method of gaining trust is to connect with your customer on a personal level. Don’t just talk at them, but listen to them. By listening, you can get a better idea of what they want from their new vehicle. This helps you better craft the experience to the individual and helps the customer feel like you have their interests in mind. People in the digital age are having individualized buying experiences. Why should they want automotive sales to be any different?

Consumers need information. MAX Digital provides your automotive sales team with a unique tool to gain customer trust by providing transparent and thorough information.  Schedule a product demonstration to see what our software can do for you.

Increase Your Profitability Through Proper Inventory Management

Increase Your Profitability Through Proper Inventory Management

Profitability begins well before cars are moving off your lot. The foundation of a solvent auto dealership rests with its ability to manage its inventory in a way that sets up both the customer and salesman for success.

Inventory management is an often underlooked component of profitability. Operating in the black involves more than just touting the features of a car and offering some generous financing.

There are several ways in which an inventory management system can provide a boost to your bottom line.

How to Boost Your Profits with Inventory Management Software

Knowledge of inventory

Having a complete knowledge of your inventory involves far more than simply knowing which cars are parked on your lot at any given time. It includes knowing which cars should be there based on your market demographic.

Different cars sell better in different areas, and an effective inventory management system can align your sales with the needs of your customer base.

Proper pricing

Pricing a car on your lot is not just a way to tempt the customer. It’s a way of protecting your bottom line and ensuring profitability. Too many dealerships fall victim to the “double discount” due to inefficient pricing from the onset.

An inventory management system can leverage real-time market data to help you price your cars in a way that is competitive to the market, comparable to third-party applications and protective of your assets.

Accurate appraisal

It’s easy to overlook trade-in values and used car acquisitions when speaking about profitability. Just offer the Kelley Blue Book value to get the customer on the hook, right?

You need the proper leverage to negotiate competitively and that entails granular details such as trim levels and upgrades.

Inventory Management Made Easy

Inventory management software from MAXDigital uses advanced analytics and intuitive decision-making tools to achieve increased gross profits by maximizing inventory turnover.

It’s never been easier or more efficient to acquire, appraise, and price inventory, all while tracking every vehicle that comes in and off the lot in real time. You’ll start acquiring the right vehicles for your market, pricing them appropriately and watching them practically drive themselves off the lot.

So stop the drop and schedule a free demonstration of our inventory management software today.

Automotive Merchandising: What It Is, Why It Works, and How We Do It

Automotive Merchandising: What It Is, Why It Works, and How We Do It

Automotive merchandising can begin like a bad joke, and, if done wrong, can end in a bad customer experience.

A man walks into a dealership. He tells a salesperson about a listing he saw online for a particular car. The salesperson leads the man to the car.

“But the car I saw online had more options and upgrades,” the man says.

“Well, yeah, but look — this one has an AM/FM radio,” the salesperson says enthusiastically.

“But the car I saw online was priced much lower than what this sticker shows,” the man says.

“Well, yeah, but that’s if you meet all the qualifying discounts and rebates,” the salesperson says. “But we have great financing!”

You know how this story ends: The man leaves the dealership disgusted and takes his business elsewhere.

The above is an example of poor automotive merchandising.

Automotive merchandising is the manner in which inventory is displayed. Effective automotive merchandising means complete transparency between both buyer and seller regarding pricing details, options and features, mileage, trims, colors, vehicle history, and more.

Effective Merchandising Equals Increased Sales

Some 88 percent of car shoppers use the internet during the buying process, where they conduct searches customized to their needs and sift through dozens of vehicles comparing prices, conditions and more.

With a wealth of information at their disposal, today’s car shoppers are more educated than ever. And if a vehicle is not effectively displayed, there’s a good possibility a shopper will pass it right on by for one that is.

With so much information now available to consumers, dealerships must work extra hard to gain their trust. And any inconsistency between the information a car shopper is getting online and the information they’re getting at the dealership can send them walking instead of driving off your lot.

Automotive Merchandising With MAXDigital

At MAXDigital, we know automotive merchandising. Our merchandising solution allows dealers to:

  • Take pictures of inventory and instantly upload them using a simple smartphone app.
  • Create and print customizable window stickers and buyers guides that make it easy to update pricing.
  • Easily extract options and equipment packages to differentiate a vehicle straight from a desktop or mobile phone.
  • Syndicate vehicle listings to over 300 websites including Autotrader.com and Cars.com.
  • Create more engaging vehicle descriptions and highlights.

Schedule a free demonstration of our automotive merchandising solution to see how you can turn bad jokes into profitable sales and great customer experiences.

5 Skills Every New Employee Needs to Sell Cars in Today’s Market

5 Skills Every New Employee Needs to Sell Cars in Today’s Market

Selling cars is a challenging yet rewarding career. And like almost any profession, there are certain skills that are shared by all the best employees in the industry.

Below are five skills all new car sales team employees should learn if they want to succeed in the business.

How To Sell Cars in the Digital Era

#1. Master Your Inventory

You don’t have to know every last nut and bolt under the hood, but a good car salesperson should be able to explain different trim levels, demonstrate various features, and talk intelligently about options and packages.

#2. Know How to Discount

Today’s car shoppers spend an average of 11 hours online compared to less than four hours offline during their buying experience. That means they’re showing up to dealerships armed with information about MSRPs and market comparisons and come to the table ready to negotiate.

A good sales employee will understand how market pricing works and will know what types of discounts and incentives can turn a knowledgeable browser into a dedicated buyer.

Just be careful that you aren’t discounting too much. You don’t want to eat into your store’s bottom line with unnecessary discounts.

#3. Read Your Customer

Sales associates need to know how to read their customer and respond accordingly to their needs. Family man? Time to talk safety. Recent college graduate? Let’s check out that Bluetooth technology. There’s a car for everyone, and your job is to be a matchmaker.

#4. Build trust

It’s no secret that car sales employees have to work extra hard to gain a shopper’s trust. In fact, car salesmen ranked at the bottom of a Gallup survey — along with politicians — of the least trusted jobs in America. Successful car sales employees know how to change a shopper’s mind within minutes of stepping on the lot.

#5. Ask the Right Questions

Ask a customer how you can help them and they’ll tell you they’re just browsing, then walk away. Ask them if they are thinking about a sedan or an SUV and they’re more likely to engage. Ask direct, open-ended questions that can get a conversation rolling.

MAXDigital: Your Highest Selling Employee

In this digital age of car shopping, the most valuable member of your sales team can be MAXDigital. Our software will turn your sales team into product experts, provide real-time inventory and pricing information, vehicle history reports, market comparison and so much more.

Contact MAXDigital today and set up a free product demonstration to see what’s possible for your sales team.

Selling More Cars One Improved Vehicle Display Page at a Time

Selling More Cars One Improved Vehicle Display Page at a Time

If your inventory page is the bait, your vehicle display page (VDP) is your hook. And in order to reel your customer in, that hook better be sharp.

MAXDigital specializes in optimizing the online presence of car dealerships and among the many ways we help dealers better reach their digital audience is by refining their vehicle display pages.

Below are a few helpful tips for improving your VDPs.

4 Tips for Fixing Your Vehicle Display Pages

Engage your customer with rich content.

An effective vehicle details page will engage a customer through well-written and informative content. Car shoppers don’t want another sales pitch. They want information, details and descriptions.

Show off your vehicle with high-quality photos.

Looks aren’t everything, except when it comes to car shopping. Make the investment to capture each and every vehicle in high-quality imagery that shows off both the inside and outside of the car in a quick-loading and easy-to-scroll fashion.

Highlight relevant information.

If you’re selling a truck, make the torque or towing capacity the lead item. For a minivan, highlight safety features and ratings. With SUV’s, make a push for cargo space and fuel efficiency.

Anticipate what your shoppers will be curious about for each respective vehicle and waste no time giving it to them.

Price accurately and accordingly.

The pricing of your vehicles is where you will either gain or lose the trust of your customer. Car shoppers lean on your competition and on third-party sites like Kelley Blue Book to see if they’re being offered a good deal. Price your inventory according to the market and keep your customer in the driver’s seat.

VDP’s the MAXDigital Way

The tips above are just a few of the ways you can improve your vehicle display pages. When you entrust your VDPs to MAXDigital, we’ll help you welcome your customers to your dealership at the appropriate stage of the buyer’s journey. And because they’ll have all the information they need to kick the tires, customers won’t be leaving your site to investigate elsewhere.

Schedule a live, personalized demonstration to see how we help dealerships everywhere increase customer engagement and boost sales through enhanced vehicle displays pages. With a strong VDP, there’s no such thing as the one that got away.

5 Tips to Merchandise Effectively and Win the Digital Customer

5 Tips to Merchandise Effectively and Win the Digital Customer

With so much information available to today’s online consumers, auto dealerships have to work harder than ever to gain their customers’ attention. Studies show that around 60 percent of the car shopping experience now consists of time spent on third-party sites. This means a dealer’s online merchandising efforts must be properly aligned with the information customers are looking for.

Luckily, MAXDigital has done the research for you and identified the five things a dealership’s website must address on their vehicle details page. Answering these needs will help you effectively win over today’s digital consumer.

5 Details All of Your VDPs Must Tell Your Customers

1. Explain why the car is right for them.

Your customer likely landed on the car that they did because of a filtered search. Filters can account for a wide range of criteria, and you want to give that person a clear sign that they found the right car.

If they selected a low price point, tell them about the great fuel efficiency and reliability. If they selected only four-door vehicles, talk up the roominess of the cabin.

Reiterate the fact that yes, this is the car that is right for them. These efforts begin by acquiring the right cars for your market and we have just the tool to help you with that.

2. Ensure them they aren’t buying a lemon.

Buying a lemon is the worst fear for any used car shopper. Make the vehicle history report visible and accessible with just one click<.

Go a step further by extracting some highlights from the history report, such as “no accidents” or “regular oil changes,” and putting that information in front of the customer.

3. Reassure the customer that it’s a fair price.

Have a market comparison readily available so customers can see how the price of the vehicle stacks up to both the competition and the Kelley Blue Book value alike. Our market-based pricing tool can give you with the precision you need to drive sales.

4. Convince the customer the car is better than the other ones they’ve seen.

Have a comparison tool on your vehicle details page that allows the customer to conduct a side-by-side comparison of features. The majority of online car shoppers visit a dealer’s website for the purpose of checking out inventory, so it’s important for them to know that this is where their search ends.

5. Tell them why they should buy from you.

It’s no secret that dealers have to try extra hard to win over someone’s trust. Highlight anything that makes your dealership trustworthy, whether it’s your number of years in business or online reviews or ratings. Better yet, utilize >our custom tool to do it for you.

Car shoppers want to test drive a vehicle before committing. So take a test drive of MAXDigital’s suite of merchandising solutions by scheduling a product demonstration to see how we can help you win over your customers.

How Your Dealership Can Use Analytics to Sell More Cars

How Your Dealership Can Use Analytics to Sell More Cars

Everything from professional sports teams to retail stores to news organizations are using analytics to gather data, measure performance, and make decisions that will influence their bottom line. Even Netflix uses analytics to determine which movies it will drop into the queue of a given subscriber. 

A car dealership shouldn’t be any different. In fact, the nature of a car dealership’s business should place it at the forefront of analytics use. Here are just a few ways that analytics can help your car dealership.

Are You Making the Most of Your Dealership’s Data? 

Get a detailed measurement of your online marketing efforts.

Analytics can be used to see a page-by-page breakdown of how your online listings are performing. Which listings are generating the most traffic? What details are online shoppers most interested in? Analytics can answer these questions to help you shape your online marketing efforts accordingly.

Learn which models in your inventory are performing — and which ones aren’t.

Different models sell better in different markets and car dealerships can use analytics to identify which models are moving off their lot and which ones are taking up valuable space. This information can be used to invest in the right kind of inventory for your dealership’s demographic.

Calculate the impact of discounting on your bottom line.

Discounting can help you sell a car, but at what expense to your bottom line? An analytical report can pinpoint which types of discounts are beneficial and which ones are leaving your profit margin in the dust.

Improve your time to market.

The right analytics can track the average time it takes for a vehicle to get online and help dealerships better manage their inventory.

Know your cost per click.

Dealerships can use analytics to find out the average number of Vehicle Details Pages viewed as it correlates to the number of leads generated to help you better understand your true cost per click and how you should allocate your online investments.

Get Analytics from MAXDigital

MAXDigital provides powerful analytics to help car dealerships optimize their online marketing and merchandising efforts to maximize sales and profit margins. Schedule a demonstration today to see how our analytics platform can change the way you do business.

5 Tips for Automotive Marketing During the Holidays

5 Tips for Automotive Marketing During the Holidays

The holiday season is the biggest time of year for retailers and the automotive industry shouldn’t be excluded. The end of the year is a busy time for dealerships as they rush for yearly sales goals and quotas, and the current year’s inventory needs to be moved to make room for next year’s models. These factors have led December to be a prime car shopping time for consumers.

So how can dealerships take advantage of the holiday rush? Here are five ideas for automotive marketing for the holiday season that will bring the holiday shopping rush to your showroom.

How to Make Your Automotive Merchandising More Festive

Put Some Holiday Spirit in Your Dealership

Your dealership should always be a warm and inviting place for customers, and this is especially true during the holiday season. Don’t just string up a couple lights and call it a day. Get the biggest tree you can find, set up a train that moves throughout the showroom, and pass out free hot cocoa. Bestowing the spirit of the holidays on your customers will bring out their spirit of shopping.

Get Interactive on Social Media

The Holidays are a great time to be interactive on social media. Have some fun by holding a contest for the ugliest Christmas sweater or funniest family holiday photo. Give some concert tickets — perhaps Trans-Siberian Orchestra — for the winner.   

Send a Holiday Card

Holiday cards are a perfect opportunity for some direct mail marketing. Put together a card featuring your staff and some inventory and toss in a coupon for a service.

Run a 12 Days of Giving Sale

Run a 12-day sale with each day offering a different type of incentive for a different vehicle on your lot. Start small and gradually build up to a blockbuster sale on the 12th day.

Have a Toy Drive

Hold a toy drive at your dealership and offer an incentive to anyone who brings in a toy, such as a discounted service or increased trade-in value.

Schedule a Demo

It’s the season of giving, so how about a bonus idea? No matter the time of year, you can always schedule a demonstration to see how MAXDigital can enhance your automotive marketing efforts and optimize your sales.

Vehicle Details Page 101: Optimize It and Make It Work for You

Vehicle Details Page 101: Optimize It and Make It Work for You

A vehicle details page (VDP) is the page on your website that provides specific information about a particular vehicle in your inventory. And it’s also the most important page on your website.

Visitors to your website will land on a vehicle details page after clicking through from an inventory search. For example, if a visitor uses your search criteria to look for used Toyota Corollas from model years 2008-2013, they will be presented with a list of vehicles in your inventory that match that criteria. Clicking on any of the results will then take the visitor to the vehicle details page, which will offer up in-depth information about that particular car.

Some of the items to optimize your VDP include:

  • Photos of the vehicle
  • Pricing details along with any discounts or incentives and a payment calculator
  • A description of the vehicle that details the mileage, drivetrain, engine, transmission, fuel efficiency, and features
  • Safety ratings and features
  • Information on any options, packages, accessories and warranties
  • Links to similar vehicles in your inventory

Why a VDP is Important

Your vehicle details pages are critical to your business because visitors to these pages are lower in the sales funnel and more serious about making a purchase. They have already narrowed down their search criteria and are now zeroing in on specific cars in your inventory — and likely that of your competitors.

The VDP has shown to be a proven indicator of sales activity. Research suggests that an increase of just 0.14 VDP views per customer can lead to a 62% boost in conversion rate. In other words, a poor VDP will likely cause a website visitor to be a “one-and-done,” leaving your site after experiencing an unsatisfactory VDP. But a visitor that enjoys a positive user experience with one of your VDPs is more likely to click another, thereby drastically increasing the chances of a conversion.

How to Make Your VDP Work for You

MAXDigital turns browsers into buyers through the implementation of better vehicle details pages. Our VDP’s go beyond the basics to include:

  • CARFAX® vehicle history reports
  • Market pricing and trade-in value data
  • Ratings provided by Dealer Rater
  • Unique branding
  • Mobile optimization

You can even use your smartphone to take pictures of inventory the second it rolls onto the lot, upload it to your listing and have it instantly distributed to over 300 websites including Autotrader and Cars.com.

Schedule a demonstration with one of our team members today to see what a vehicle details page could look like on your website and what sales should look like on your lot.