Three ways defection data can enhance your dealership’s sales effectiveness
In today’s climate of economic uncertainty and omnichannel shopping, staying aligned with your customers’ needs is key. Currently, heightened demand — paired with the looming risk of price increases — is giving dealers greater leverage, even as affordability concerns threaten consumer purchasing power. Our recent study shows affordability is the top concern for today’s auto buyers.* To stay on track amid market disruption, dealers will need to maintain a fresh and accurate sales pipeline to stay on track and ensure every resource is used effectively.
Customer relationship management (CRM) systems play a vital role in helping dealerships manage their operations and drive sales. However, their effectiveness depends on the quality of the data they contain. Missing or incomplete data leads to ineffective outreach, wasting valuable time and money. CDPs can provide holistic insights but require high quality data integrations to do so.
One powerful but often overlooked tool is defection data — insights into when and where your leads buy from other dealers. It helps pinpoint gaps in your sales process, marketing and customer experience.
In this article, we explore three ways defection data can enhance the management of your sales pipeline and processes, drive higher conversions and improve efficiency.