If technologies don’t speak to each other, users get frustrated and potential profits dwindle
Thankfully, the automotive industry has by and large embraced the technology available to it. Handwritten buyers’ orders, Sharpies and four squares, prospecting from index cards—all are finally becoming extinct at dealerships. Today’s automotive consumer wants efficient communication and speed of transaction, and though change can be a relatively slow process, we have responded.
So what is the next step? Technology adoption is a great start, but if the technologies do not speak to each other effectively, users become frustrated, and the potential for profitability is just as limited as it was in the past. Underutilization and lack of data integration—or underutilization because of lack of data integration—make the overall experience for users and customers dysfunctional and disjointed.
For example, when a salesperson struggles to log an up, search for a vehicle, enter trade information, and negotiate numbers between the customer and desk manager in a timely manner, gross and CSI slowly diminish. When a sales manager is required to switch between technology platforms to ready a deal for hand-off to F&I, the process is slow, and the number of vehicles that can be delivered in a day lessens.
Even the most dedicated user cannot overcome software limitations. When a dealership invests in a technology platform, it expects the platform to integrate its data across multiple solutions. In many cases, this is simply not the case.
In fact, 29% of leads are generated by dealership websites, but valuable website visitor data often is not shared with a store’s customer relationship management (CRM) solution. But imagine if your website was fully integrated with your CRM, allowing you to message those website visitors in a manner that maximized the possibility of converting them into showroom visitors.
In the near future, we will see a shift in technology that is even more disruptive than when the industry shifted away from pen-and-paper processes. This disruption will change the way business is done, and shift how automotive consumers view our reputation-challenged industry. Dealers will see a new generation of technology platforms emerge that feature streamlined user interfaces and data integration across solutions to provide an optimal user experience.
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Dealer Marketing Magazine
Author: Digital Dealer
Digital Dealer exists to help dealers and their managers sell more vehicles more profitably by creating the best live events and media in the industry.