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No sales without trust: Online motoring marketplace future revealed at Dealer Master Class

Jul 23, 2018
No sales without trust: Online motoring marketplace future revealed at Dealer Master Class

“Today’s auto consumer is ready to buy before he or she steps onto the shop floor,” said George Mienie, AutoTrader CEO, in his presentation at the annual Dealership Master Class event.

“They have already completed extensive research at home. The question we all need to be asking ourselves, then, is how to attract that already decided sale, when the internet allows total comparative shopping from the comfort of the consumer’s home?”

Mienie’s answer, echoed by various industry players talking that day at Radisson BLU Hotel Gautrain on 19 June 2018, was direct. “In today’s highly competitive online marketplace, with each page crowded with competing adverts, it is trust that is the key to making a sale,” he said.

“For a consumer, buying a car is a journey, not an event,” said Mienie. “Consumers are influenced by everything you do online, including the way you present yourself on third party sites. The consumer is constantly asking, ‘can I trust this dealership?’ We understand that our every action is an opportunity to connect, and foster trust.”

“People looking to buy a car use 24 different touch points online, on average,” said fellow panelist Lee Manning. Manning is the founder of Armchair Marketing, an award-winning UK-based agency that offers highly targeted, online automotive advertising solutions.

“Standing out as a dealer means understanding your customer, understanding that journey.”

Gareth Cliff, founder of the widely popular CliffCentral and MC for the day, added that his solution to fostering consumer connection is to focus on quality, an element often lacking in today’s click-bait landscape.

“Advertising has become expensive and ineffective,” said Cliff. “The best way to get in to people’s lives is to give them content they care about.”

Caption: Gareth Cliff, MC for the day of the Dealer Master Class. Creidt: AutoTrader

“Instead of an audience huge in number, rather have an audience high in quality,” Cliff continued. “You can create trust and feeling in so many more ways now. You don’t have to talk to a guy in a suit to get that done.”

Neil Smith, Operations Director for Imperial Cars, a UK-based dealership that has shown exponential growth over the past 5 years under Smith’s stewardship said “it’s not just about retailing vehicles, it’s about how we retail them. We have a no negotiation policy, and that’s one way we’ve built trust. The price consumers see on our website is the price they will pay. Many people are put off by the haggle” he comments.

“Consumers know you make a profit and they are ok with it” said Mienie.

“They want to know how you got to that retail price. Giving this info away, might be a good way to be transparent and build trust?” he mused.

For AutoTrader, the steering of their brand from a previously print only publication to becoming South Africa’s go-to online motoring marketplace has been an exercise in repeatedly re-investing in their relationship with their customers.

“Everyone thought the internet was a lead generator – I’ll slap on content and I’ll get leads. It’s not like that,” said Mienie. “Consumers think with feeling. The data means nothing without touching someone’s heart.”

Main image: George Mienie on stage at the Dealer Master Class. Credit: AutoTrader