HookLogic and Polk deliver success for growing number of participating dealers
NEW YORK, NY – HookLogic, the industry leader in understanding and influencing shopper decisions to win the Moment of Truth, and Polk, a premier provider of automotive information and marketing solutions, today revealed initial results of their partnership, introduced at the end of 2011. Sales registration results of the partnership show that the combination of Polk Lead Scoring and HookLogic incentives is delivering an average overall buy rate of 47 percent for leads with incentives, compared to a buy rate of just 28 percent for non-incentivized leads.
The newly publicized results are based on over 170 participating dealers that are integrated on Polk’s Lead Scoring platform. Over 120,000 leads have been scored for targeted incentives through the partnership with HookLogic.
According to David Metter, president of automotive for HookLogic, “We immediately saw the value in combining Polk Lead Scoring with our Lead to Show product. By sending incentives to the most likely to purchase prospects identified by Polk Scores of 7 or above we are delivering the best car shopping prospects into participating dealer show rooms. Based on the success of this partnership program, we have a goal of expanding the integrated offering to over 2,000 progressive dealers by the end of 2013.”
A closer look at sales from HookLogic shows that 25 percent of incentivized leads bought the intended make, which is more than twice the buy rate of non-incentivized leads (12 percent). “Our data shows that the combination of the Polk Lead Score with HookLogic incentives is working for dealers,” said Brad Korner, vice-president of Polk’s automotive retail solutions. “Based on these initial findings we are planning on doing a more in-depth case study with several dealers that have been using the HookLogic/Polk solution to further demonstrate the effectiveness of this program for dealer internet lead conversion.”
About HookLogic’s Incentive Solutions for the Auto Industry
HookLogic is the industry leader for understanding and influencing shopper decisions to win the Moment of Truth. HookLogic solutions are easily implemented, work with nearly any marketing medium and enable end-to-end reporting and optimization. Headquartered in New York City, the company has offices in Ann Arbor, MI, Atlanta, GA and Manchester, UK. Clients include many of the top 10 dealer groups, DCH, MileOne, Jim Ellis, Jeff Wyler, Germain Motor Cars, Suburban Collection, Acton Toyota, OEM, agencies, and vendor partners. Learn more at www.lead2show.com.
Polk is the premier provider of automotive information and marketing solutions. The organization collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Michigan with operations in Australia, Canada, China, France, Germany, Italy, Japan, South Korea, Spain, the United Kingdom and the United States.