Mongoose Metrics recently had the opportunity to attend The DrivingSales Executive Summit (DSES) and talk with some of the brightest minds in the automotive dealer industry. From the moment we walked into the Bellagio Hotel conference center, we knew this show was going to be full of valuable content. We’ve shared the key takeaways from the show in this post. We hope you enjoy reading the quotes that we felt really resonated with us – a mix highlighting social media, mobile and the current automotive consumer.
- This industry is not a one size fits all industry – this was the way it was approached in the past
- 1 in 7 searches are mobile
- Social tools are becoming most effective in the post sale dealer/brand locality
- 37% of buyers use social as a part of the decision making process
- Twitter is like wearing a Speedo….if you don’t like it, don’t look at it
- 27% of people use FB as a part of the buying process. This number is more than all sales from Toyota and Ford combined
- 91% of car buyers want to see service reviews before purchasing a car
- Successful companies know how to give customers a “Beyond the Moment” experience
- A negative purchase experience in the past would result in the exposure to 7-10 people, now it is 700-1,000
- When researching a vehicle, prospects look at the top three resources: independent sites, search engines, and dealer websites. You have no control over independent sites. You have limited control over search engines. You have complete control over your dealer websites
The underlying theme throughout these quotes and the conference itself was understanding your customer. With the increasing popularity of social media, the rapid growth of mobile devices and the wealth of information available on the web, consumers have wider access to information to make them smarter about the buying process. DrivingSales clearly understands the importance of leveraging customer data to help move them through the automotive buying process today.
If you were at the show and want to share your takeaways please leave a comment.
