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Blind Spots in Dealer Marketing

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Manage episode 505874923 series 3673311
Content provided by Jim Fitzpatrick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Fitzpatrick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Cox Automotive commissioned a white paper with Perficient that reveals startling insights about automotive marketing measurement and the massive blind spots most dealers face when evaluating marketing effectiveness.
• Research shows car buyers engage with 62 touchpoints before purchase, yet most dealers only track first or last touch
• 92% of the customer journey remains invisible to dealers relying solely on CRM data for measurement
• Only one in three sales involves any type of lead contact throughout the entire shopping journey
• 48% of consumers start their car shopping journey on marketplace websites
• Cost per lead metrics often mislead dealers, as poorly performing stores frequently have the lowest cost per lead
• Technology now enables tracking across the full customer journey, connecting marketing activities to actual sales
• Dealers should shift from cost per lead measurement to ROI models that weight all customer engagements
• Close rate provides the most reliable comparison across stores, vendors, and salespeople
Dealers can access the white paper at b2b.autotrader.com or find it on the AutoTrader podcast page at b2b.autotrader.com/fortheroadforward in the resource tab.

Inside Automotive with Jim Fitzpatrick is powered by CBT News, your go-to source for the latest news, trends, and insights in retail automotive. Subscribe for more interviews with top industry leaders, dealership innovators, and experts shaping the future of automotive.

For more content, visit CBTNews.com and follow us on your favorite podcast platform.

  continue reading

Chapters

1. Introduction to Jade Teraberry (00:00:00)

2. Research on Marketing Measurement (00:00:56)

3. Four Key Findings Revealed (00:02:15)

4. Stop Focusing on Cost Per Lead (00:04:32)

5. Marketing and Sales Disconnect (00:06:52)

6. Advice for Dealers and Closing (00:09:24)

21 episodes

Artwork
iconShare
 
Manage episode 505874923 series 3673311
Content provided by Jim Fitzpatrick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Fitzpatrick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Cox Automotive commissioned a white paper with Perficient that reveals startling insights about automotive marketing measurement and the massive blind spots most dealers face when evaluating marketing effectiveness.
• Research shows car buyers engage with 62 touchpoints before purchase, yet most dealers only track first or last touch
• 92% of the customer journey remains invisible to dealers relying solely on CRM data for measurement
• Only one in three sales involves any type of lead contact throughout the entire shopping journey
• 48% of consumers start their car shopping journey on marketplace websites
• Cost per lead metrics often mislead dealers, as poorly performing stores frequently have the lowest cost per lead
• Technology now enables tracking across the full customer journey, connecting marketing activities to actual sales
• Dealers should shift from cost per lead measurement to ROI models that weight all customer engagements
• Close rate provides the most reliable comparison across stores, vendors, and salespeople
Dealers can access the white paper at b2b.autotrader.com or find it on the AutoTrader podcast page at b2b.autotrader.com/fortheroadforward in the resource tab.

Inside Automotive with Jim Fitzpatrick is powered by CBT News, your go-to source for the latest news, trends, and insights in retail automotive. Subscribe for more interviews with top industry leaders, dealership innovators, and experts shaping the future of automotive.

For more content, visit CBTNews.com and follow us on your favorite podcast platform.

  continue reading

Chapters

1. Introduction to Jade Teraberry (00:00:00)

2. Research on Marketing Measurement (00:00:56)

3. Four Key Findings Revealed (00:02:15)

4. Stop Focusing on Cost Per Lead (00:04:32)

5. Marketing and Sales Disconnect (00:06:52)

6. Advice for Dealers and Closing (00:09:24)

21 episodes

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