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"Heartbeat
of the Deal"
by Jim Ziegler
President, Ziegler Supersystems,
Inc.
I have often said that a deal has a
pulse…a rhythm…a heartbeat. You know when you’re in the groove and
you also know when the customer is losing patience and getting
frustrated and when they are trying to leave because they’ve been
there too long.
The two biggest
bottlenecks in the sales process are…
- Getting the
customer into the F&I Office after the sale is closed
- Getting a
figure on the used car
I have heard
some morons teaching that we need to get the entire sales
process down to less than 45 minutes from handshake to
taillights.
I even heard
the rumor that Honda was espousing this philosophy at one time
or another. Let me say this…a quality sale should never be a
four-hour marathon BUT it should never be reduced to a handshake
and taillights! A quality sale takes some amount of time to
build. (Remember, A quality sale that takes some time to build
requires some time spent in preparation for that sale). If we
were ever to have forty-five minute sales, we would not be
profitable. REMEMBER…It is the customers who initiate the
negotiations, not us.
If my sales
people are going to
- Meet and
greet the customer
- Establish a
Relationship and Investigate Needs
- Select a
Vehicle
- Present the
Vehicle
- Demonstrate
the Vehicle
- Inspect and
evaluate the trade
- Sell the
Dealership Service benefits and CSI
- Negotiate
and Write-up the deal
- Perform the
Financing
- Deliver the
vehicle
MY QUESTION
IS…what kind of idiot thinks all of that is going to happen in
forty-five minutes? If you try to affect a forty-five minute
sale, I predict your CSI will head down hill in a heartbeat and
the deal is out the window!
We already have
a severe problem with sales people racing to get the customer
into the closing booth without properly selling the car.
My philosophy
has always been “Relationship-Based Selling” and that can’t
happen in this in 45 minutes! Of course we need to tighten up
the sloppy sales process and eliminate the bottlenecks.
My idea of a
quality presentation is a controlled process with a lot of good
feeling.
REMEMBER THIS
TOO…feelings sell cars, not logic. Only 10% of the population or
less will buy a car based on logic. The customer has got to like
you and the dealership and the car before they like the price.
All of the MBA's in Detroit and Japan and, in Germany are not
understanding this. (Stay Tuned for April's Dealer Advocate)
These over-educated, no real world experience white shirts think
it’s only about how cheap the car is. Selling Cars Is A People
Business!
A retail sale
should take no more than one hour selling the car… then one half
hour negotiating…and no more than an hour in F&I and delivery.
If a sale lasts more than three hours, from handshake to
taillights, that’s too long…if the sale lasts less than two
hours, someone is costing you money in lost opportunities!
The answer to
this is practice, practice, practice! If you don't have
in-house training send your
Sales and F&I Managers to us and get a set of our
Ultimate Professional DVDs or VHS tapes. After our training,
your Sales and F&I Managers, and your Sales People will
understand that selling cars is not a job, but is a mindset and
a very profitable career!
P.S. You know
you have a good crew when they step up to the plate and deliver
because they know you are depending on them!
Thanks! and we will see you next
week!
Jim Ziegler
Contact Jim at
[email protected]
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