Beat
the Competition
Anthony Hall
Trainer/Consultant
How many of you out there do this:
Every Saturday morning we open the
newspaper to the auto ads to
check and see what and how the competition is advertising their
vehicles. Then we put a plan together on how to undercut or
"Beatour competition" at their game. We discuss how
to handle the shopper with our sales people in the morning
warm-up meeting. We tell them we will beat their price by going
even lower. No one wins with this attitude. The dealership,
the sales person, and the sales manager
make No gross! We base this whole process on the
assumption that most Saturday customers read the paper before
they come to our dealerships. Wrong. Only a small
percentage of customers ever read the Saturday car ads thank
God. Sum it up like this, the best way to "beat the competition" is to “ignore the
competition”.
Base your
process on the majority not the minority of your customers. The
majority of our customers when properly handled through a
proven, professional process, drive home in a different vehicle
than what they first showed a desire for. A true professional
will help the customer choose the vehicle that truly meets the
customers' needs based on fact finding. The majority of the time,
the advertised vehicle does not meet all the needs of the
customer. Granted, some of our customers will
insist the advertised vehicle is really what they want. Always
reassure the customer we can do the same thing as the
competition. The important part is making sure the vehicle will
indeed meet their wants and needs and then proceed based on facts
and
not assumptions.
This attitude
and process will drastically reduce your negative gross deals.