The latest COVID-19 crisis has placed dealerships in a place of adjustments and uncertain times that will change the way business will be done moving forward. These are now the time to step and get stronger by using this time wisely.
Four Things Dealerships Must Do During A Crisis.
1 Do Not Panic!
These times are tough and I get that but the worst thing that you and your dealership staff can do is panic. As a leader within your dealership the worst thing you can do is to allow anxiety, negativity, or worry set in among your leadership team. Maybe you had to make some tough decisions to let go of some people, managers and sales staff or even shutdown your sales department. As a leader it is your job to keep your team’s head in the game and do not allow them to operate in fear!
2 Streamline Your Business
Now is a perfect time to make some adjustments to get your business stronger by streamlining your process. I suggest getting together with your Leadership Team on Zoom, Go To Meeting, Skype or whatever is a great way for you to communicate with your team virtually. Begin to take a look at all your dealerships processes and procedures and begin to evaluate them, make them stronger. Look at your expense structure and go line by line to take a look at advertising expenses too, evaluate if some of these expenses are necessary. However, you decide to streamline your business so when this is over you come out stronger than before.
3 Connect More Deeply With Your Customers
I truly believe that this is a great time for dealerships to take deep dive and really begin to connect deeper with their customer base. Now more than ever your will need to make a stronger effort to connect with your customers. Right now is the time for Owners to get out and make more appearance on Social Media to speak with their customers. Begin by making more announcements with your customers letting them know your are behind our essential workers. Send out video emails to reach out to your customers and let them know that you care about them as to letting them know what your are doing to ensure safety. Of course keep your home test drives and deliveries going and discover ways to make the buying experience more convenient for your customers.
4 Adopt Modern Technology That Fits The Buyers
Whether you agree or not technology is not going away and will continue to get better with time. Which will require you to get better with time, in fact it has already inspired some dealerships to get a head of time. In recent poll of 2200 people conducted by Autotrader, stated that 48 percent of adults say scheduling a test drive during their next purchase would be very appealing. Autotrader also discovered that among middle-income class adults, those making between $50K and $100K-are most likely to say test drives are important. I am quite sure you know this already but I want to remind you of the importance of a test drive. Wouldn’t this be even better if your customers could go your website to schedule a test drive or make a service appointment without having to call in? I believe this is where you need to be because there are dealerships out there already on top of this matter. Now is the time to get modern technology in your dealerships to improve your buyers experience.
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