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essential dealership training - industry news - did you know?
Not a lot of people know this...

I'm not making this call for fun!
91% of telephone enquirers buy a vehicle within 10 days of making their initial enquiry.

Test drive testimony
45% of prospects buy the only vehicle they test drive, with a massive 76% buying a vehicle having driven no more than three vehicles.

However....
A recent year long study, carried out by ourselves within the volume franchised arena, found that:

  • Only 16% of prospects were identified and qualified to a competent standard

  • Only 9% of sales personnel completed a meaningful feature and benefit presentation

  • 80% of part exchange vehicles were not driven prior to valuation

  • Sales personnel found building rapport challenging

  • Only 26% of prospects were asked for their business in a clear manner
  • Performance Profanity
    The majority of UK automotive retailers invest copious amounts of time analysing sales department performance data that bears little resemblance to showroom reality. The very same data often provides 'substance' to strategic business planning.

    Women wear the trousers!
    According to a recent survey by Eurotaxglass's, women not only account for 45% of the UK driving population but also have an influence on 80% of the vehicles purchased. However, 71% of women feel that they are not taken seriously by retail sales departments, with many being made to feel alienated. Equally concerning is the fact that a recent What Car? Investigation found that women were likely to be charged a premium of over £500 when buying the same car as a man!

    Winning with the web!
    77% of potential car buyers said that the internet was their first destination when looking to buy a car according to a recent Auto Trader Interactive study, representing a 30% increase in the last 3 years.

    Time to get serious....
    A recent survey carried out by service marketing agency Leepack Greenfields found that customer loyalty to car brands has slumped dramatically in the last 30 years, from 64% to 26%.

    Talking with their feet
    90% of disappointed customer's do not complain and simply talk with their feet!

    Show me that you care!
    Customer complaints that are solved on the spot, with the minimum of fuss, create a greater level of loyalty than is displayed by customer's who never have the need to complain.

    Stylish, first class showroom or stylish, first class service?
    In a recent report published by the Institute of the Motor Industry, quality of workmanship and the keeping of promises were voted considerably more important to the retail customer than the look of the premises that were to be occupied.

    FSA Terms
    Dealers will be able to pay their Financial Service Authority fees by instalments next year.

    Find out how Essential Dealership Training can help your business develop a significant competitive edge by calling 0115 9333480 or click here to use our secure email enquiry form.
    Essential Dealership Training - Cumberland House, 35 Park Row, Nottingham, NG1 6EE | - site map -
    Tel: 0115 933 3480
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