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Is This the Beginning of the End for TrueCar

As of today we have severed our ties with TrueCar.
We experienced the exact same scenario. Write-Offs were never an issue and my rep was great and then over night it has become difficult and they have adopted an attitude of "you need us"
After doing some digging...we found that we had contact with these customers 35% of the time or they were our previous customers. We are confident that with a little hard work and some strategic partnerships we can maintain our volume while increasing profitability.

Is This the Beginning of the End for TrueCar

Great post, Joe.  I couldn't help but chime in as we're also a dealer that's heavily affected by this newly introduced "no write off" policy.  In fact, we were one of the first dealers to be forced under this new policy prior to the “official” change date.
Approximately one month ago, I received a phone call from their Director of Account Management.  This individual started the conversation by asking if the policy change email he had sent over a few days prior was "acceptable."  I was completely blown away.  First off, contrary to this person’s statement, no email had been sent.  Second, why would a change such as this one, which would result in our dealership having to pay for nearly 40% more invoices for leads/sales that did not originate via TrueCar, be acceptable?  
After questioning this new “no write off policy” we came to realize that there was not yet an actual, defined policy in place for all TrueCar clients.  However, TrueCar still informed us that the"current change applies to your store at this time", and offered to "temporarily suspend leads" for us.  We, as a dealership, feel this was handled unilaterally, instead of having an actual new policy in place, and rolling it out to every store simultaneously.

Does your Dealership Emanate THE Vision?

We are know about it like as This means connecting to the consumers and understanding their needs. Brands should integrate their goals with their consumers’ need for freedom in order to build a strong foundation for consumer engagement and brand loyalty. At the end of the day, people want the ability to make choices and pursue the things that make them happy and fulfilled. 
Thanks................
<br><a href="http://www.superioreducationz.com/">Education Information</a>

Does your Dealership Emanate THE Vision?

 

Few people know what they want.

Few people are driven. Few people have vision. If you want to find the ultimate in success, find your vision.

I have just finished Fast Company's article on Jeff Bezos for the second time: AmazonFresh Is Jeff Bezos' Last Mile Quest For Total Retail Domination and am inspired to say something about vision after my second reading.

If you haven't read this article, that's okay because I assume you know what Amazon is.

Amazon, on the surface, looks like a retail establishment that provides lower pricing, no taxes, delivery to your door, and the convenience of 24/7 shopping without leaving the house. That isn't what Jeff Bezos set out to do. I don't know exactly what Jeff's vision is, but I know it isn't to be the king of retail. I am pretty sure his vision is to be retail...all of it. Whether he gets there or not has nothing to do with why I'm writing this. I'm not even saying Amazon will be the future car dealer.

Jeff's vision is to be retail. What that has created for him is the ultimate understanding of the consumer:

"In the old world, you could make a living by hoping that your customer didn't know whether your price was actually competitive. That's a very tenuous strategy in the new world. [Now] you can't convince people you have the low price; you actually have to have the low price. You can't persuade people that your delivery speeds are fast; you actually have to have fast delivery speeds!" - Originally Posted by Jeff Bezos in Fast Company's Sep 2013 edition

In order to achieve his vision he knows he has to deliver and that's his drive. That's the focus of Amazon's daily grind.

What do we do in dealerships?

Do we obsess over making sure our marketing and mission statements are true?
Do we have a vision for what we want to achieve?

If you know what you're after the mission becomes quite clear and the vision become infectious to the people around you.

I don't see many dealerships who know what they want other than more sales....

Would you agree?

I would love for you to share your comments here or below.

Authenticity for Car Dealers: Engaging Generation C

Aaron, your article is spot-on, GREAT JOB! I could not agree more with what you shared, and with what we learned at the conference last week. I would also add that as dealerships provide AUTHENTIC content, we must also learn how to properly ENGAGE with the audience we reach out to. I look forward to seeing you at Driving Sales!

Authenticity for Car Dealers: Engaging Generation C

Aaron, your article is spot-on, GREAT JOB! I could not agree more with what you shared, and with what we learned at the conference last week. I would also add that as dealerships provide AUTHENTIC content, we must also learn how to properly ENGAGE with the audience we reach out to. I look forward to seeing you at Driving Sales!

Authenticity for Car Dealers: Engaging Generation C

In response to Jordan Hyatt’s Presentation at Digital Summit at Mountain View

At the Digital Summit at Mountain View, Jordan Hyatt, Google’s Senior Product and Solutions Specialist of Automotive, gave a presentation called “The Power of YouTube: Video for Dealers,” in which he discussed the concerns of Generation C: the YouTube Generation.

Mr. Hyatt called attention to the fact that our living rooms are fragmenting. A family’s main TV might still be on in the evening, while everyone seated before it divides their attention between it and their own personal devices. This example sums up the crossroads our society finds itself at, with the flagging consumption of passive media and the rising consumption of user-generated active media all mixed up into one flashy mess of distraction.

For business-generated content, this democratization of reach potential creates new opportunities as well as a different set of obstacles to audience acceptance. Four key ideas, Mr. Hyatt went on, should be kept in mind when creating content for Generation C:

  1. Authenticity is everything.
  2. Sharing is the social currency.
  3. People want to watch moments that matter.
  4. Talent is valued over fame.

Arguably, the last three items on the list could be rolled up into the first -- Authenticity. People won’t share your content unless it’s real. Moments don’t matter unless they’re real. Celebrity can be artificially manufactured, but talent cannot. Google, through its tireless commitment to improving user experience, has authenticity to spare, but how can a dealership go about developing authenticity through their internet video content?

Instructional videos are an obvious choice. If the information presented is correct, complete, and useful, the motive behind the presentation is irrelevant. Information stands on its own merit. But what else? I’ll share an example...

On August 3rd, we helped sponsor the Youthville Chalk Art Festival, which supports children in foster care across our state. In addition to our financial commitment, I saw an opportunity to help promote the event with a YouTube video. They were happy to participate, and loved the result:

Login to view embedded media View: https://www.youtube.com/watch?v=O65-G6VvK40


Notice we didn’t slap our logos all over this video. I didn’t coach anyone on what I wanted them to say. In keeping with the spirit of the event, I wanted this to come from a place of generosity, and the video (which took about four hours to make, all in all) reflects that. I asked one of my best friends if I could use some of his music for the soundtrack of the video, and he was more than happy to say yes.

Once I sent the link over to our contacts at Youthville, they started lighting Facebook up with the holy grail of social engagement -- the share button. Among the notable posts, F5 Newspaper, an arts, music and culture weekly, posted the video on their Facebook wall:
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Bluebird Arthouse, a local art supply store, where several of the Chalk Art Festival’s featured artists work, also shared the video to their 2300+ fans:
Bluebird-Share.png

And so forth. I only regret I didn’t think of this idea sooner.

The event itself was a huge success. Around three thousand people attended the event, and we showcased a new Outback and talked with many chalk dust-covered festival goers.

Unintimidated by the dozens of photographers and film crews at the event, I took as much video as I could, realizing that the most important aspect of the recap video would be turnaround time. I finished the video the following Monday, and the festival organizers were happy to share again. Notice the video thumbnail -- that’s my wife Reby drawing the Subaru logo in chalk.

Login to view embedded media View: https://www.youtube.com/watch?v=sOKq7LXeVjo


Takeaway? Before providing usable content, we were just one of many sponsors on a list. By going the extra mile, we distinguished ourselves through the power of generosity. Also, speed matters. The stream stops for no one, and the recap video got a boost from catching everyone in the afterglow of a wonderful time.

I’m not suggesting that it would make sense to take this exact approach with every vehicle brand. Subaru of America’s marketing messages have reached out extensively to outdoorsy, creative types with families, and this event fit perfectly within that.

We talk a lot about the paths to conversion that take place online, ignoring completely the path between the digital realm and real life. With as dazzling as online marketing is now, it’s important to remember that no matter what, consumers will adapt. What’s cutting edge today will be SOP tomorrow, and filtered out as noise the day after that.

The path toward conversion is more impactful when digital and real life experiences are combined. Maybe the missing piece of your social media strategy, then, is not another online “assist,” but one that takes place in person. I’m done choking down infographics with “best practice” recommendations from national megabrands. Social media communities are not interchangeable--what works for Walmart, for instance, has nothing to do with what will work for us.

There are no rules. Get creative with your approach to content creation, and you just might be amazed with the results.

Like Kevin, I would like to extend my warmest thanks to everyone who made Digital Summit at Mountain View 2013 happen. It was a wonderful conference, and I had a great time meeting so many DealerRefreshers in the flesh!
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Also, I'm pleased to announce that I'll be a breakout speaker at this year's Driving Sales Executive Summit, where I'll be discussing more techniques and past examples of bridging the gap between online and real life through social media on behalf of the dealership:

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Digital Summit at Mountain View Happenings #DSMV13

Another great write up, thanks for sharing Jeff.  
In particular, it's nice to see that in the middle of a such a tech / data savvy meeting of the minds, Grant's talk focused on taking a step back and remembering to pay attention to people.  
Seems like Kevin's point about the phone is up that alley too.  The incredible work (and money!) invested to drive phone calls goes out the door if the call isn't handled properly.

Digital Summit 2013 at Google Review with Kevin Frye

Hey Kevin thanks for the great recap of everything that went one. I especially enjoyed your analogy of sites utilizing big data, "Wanna have Sex with Data?". This is such a crucial subject has much to offer the auto shopper experience if we get it right on the dealer side. Use of customer information to enhance the shopper experience on a dealer website is on the horizon.

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