Are you overcharging? Undercharging? Find out the absolute best prices to charge for your units for optimal results sales results, and to stay competitive in the industry. Factoring in brand, model, year and make, sometimes pricing is more than meets the eye. Visit one of our favorite resources, NADA today!
Thursday, November 10, 2016
All the information you need on RV Prices, Guides and Vehicle History Reports!
Are you overcharging? Undercharging? Find out the absolute best prices to charge for your units for optimal results sales results, and to stay competitive in the industry. Factoring in brand, model, year and make, sometimes pricing is more than meets the eye. Visit one of our favorite resources, NADA today!
Yes, your dealership needs to go mobile - now. Expert explains and simplifies the role of mobile advertising in successful business models today
Recently, PowerSports Business published an incredibly valuable article for powersports dealers that we here at RV Trader feel applies quite well to RV dealers, too! Written by mobile industry expert Ron Cariker, the article points out the obvious overwhelm that can be pushed onto dealerships when they're told that they'll fail without a digitized mobile presence, Cariker decided it was time to take a step back.
"Of course you advertise and market your dealership. But you'd be surprised how little some dealers invest in promotions. But it's not the quantity that matters as much as the quality."It was quickly acknowledged that of course traditional advertising and marketing strategies work, and they work well - and they've done so for years. But consider this about consumers before you continue reading....
86% of consumers in this industry research extensively online before they visit a dealership.
And now, with more than 92% of Americans own a cell phone, mobile platforms offer an on-the-go, additional way for these consumers to search and browse units online.
Given these statistics from the past couple years, and minding the fact that these projections are only expected to grow within the next few years, Cariker's article proves one incredibly valuable to dealers from all locations, of all sizes, and with all customer demographics.
The biggest thing right now = applying strong, classic advertising practices to the mobile sphere. In the article, you'll find a simplified explanation and rundown of some of the best tips on how to integrate these success-driving strategies to mobile audiences. Check it out- a great read, and great advice from a prominent mobile industry professional!
Changes in the Consumer Buying Experience
The purchase of an RV is a BIG decision, and it’s no surprise that consumers take their ultimate buying decision incredibly seriously. Not only a weighty financial decision, this next RV is also something these consumers dream about long before they ever venture into the dealership to sign the closing paperwork. After all, 76% of prospective buyers say that they'd be willing to drive more than 2 hours to purchase their next unit.
With internet users making up 88% of the US population, the path to purchase a unit has drastically changed. 86% of these consumers research extensively online before finalizing a purchase decision, spending an average of 123 days educating themselves on what the market has to offer. They want to know what a fair purchase price looks like, how these units will fit into their personal lifestyles, and which dealerships can truly meet each and every one of their needs.
With so much information available online, prospects are now turning to the internet before ever stepping foot in a dealership. 70% never actually contact a dealership prior to their initial visitation, making online listings the very first place consumers actually interact with your dealership.
Analyzing Consumers’ Online Behavior
With so much information available online, prospects are now turning to the internet before ever stepping foot in a dealership. 70% never actually contact a dealership prior to their initial visitation, making online listings the very first place consumers actually interact with your dealership.
Analyzing Consumers’ Online Behavior
Diving into a deeper, more comprehensive analysis of online consumer behavior is no new concept. Experts at Google have written on it extensively, with several articles published focusing specifically on the automotive industry. Just a few of these publications include:
- The Car Buying Process: One Consumer’s 900+ Digital Interactions
- The Zero Moment of Truth Automotive Study
- ZMOT: Why It Matters Now More Than Ever
Whether you refer to them as micro-moments, interactions, or connections, these behavioral patterns reflect a significant change in how buyers are choosing to shop. However, in the end, it is still what drives walk-in traffic to your dealership, and what helps attract consumers from well outside your immediate geographic location.
Using our audience of more than 4.3 million monthly motorcycle and RV consumers, we’ve chosen to look closer at how prospective buyers are connecting with our dealers and their listings in 2016, aside from phone and email leads.
The Bottom Line
What we’re seeing is clear. Consumers are connecting with our dealers now more than ever, relying on dealer listings to help them decide what unit will best fit their budget, lifestyle, and amenity needs. As we continuously track these trends, we gain the opportunity to understand the RV and powersports consumer now more than ever before.
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