The Dollars are in the Data
Mark and John talk to Ben Sullivan, head of automotive services at Potentiate.Ben shares insight into a wide range of surveys critical to the industry, covering purchase, ownership and dealerships. He talks about the data and the importance of of understanding the data for marketing and advertising.He delves into some of the key metrics in terms of new car buyer profile, and types of buyers and what percentage of the market they make up. He makes suggestions on some of the impacts this may have on the way dealers and OEM's should approach marketing and advertising. He also shares some of the challenges that need to be overcome by automotive companies in dealing with an older buyers and different customer categories.He addresses the topic of vehicle service levels and vehicle quality has improved substantially, but how perception "feeling", is resulting in dealers losing customers during the customer life cycle. He delves into retention and how the length customers are keeping vehicles and the impact of this.Lastly he looks at dealer satisfaction and what impact unhappy dealers has on customer satisfaction. He emphasises the importance of dealer profitability, the need for a partnership and clear communication between dealer and OEM.If you liked what you heard subscribe to the show to receive notifications of future shows. If you would like to get more information on any of the topics reach out to Mark Palavestra or John Sinclair on LinkedIn. If you would like to get involved with the shows please feel free to contact us.Production and editing by Ky Sinclair.