Shortening Trade Cycles

In-Person at the Dealership
Duration: 6 Hours
Online Live via Zoom
Duration: 6 Hours
Attendees: Sales Management, Sales Team, and BDC

Program Overview

Learning Objectives

What’s Wrong With This Picture?

  • Sales understand why many people keep a vehicle too long and how that can adversely affect their overall cost of ownership.

When Should They Trade?

  • Sales consultants can quantify what trimming the average ownership cycle of their customer base does to volumes and personal income.
  • Sales consultants understand the real impacts of an inappropriately long trade cycle on the customer.

Optimal Trade Timing To Minimize The Cost Of Ownership

  • Sales consultants understand and can explain the “sweet spot” for a customer to change vehicles.

Business Office Impacts On The Trade Cycle

  • Participants will understand how finance terms and equity positions affect trade cycles.

When Will They Trade?

  • Sales consultants will understand how pro-activity and strategy affect trade behaviours.
  • Sales Consultant’s Prospecting Process / Discipline
  • Sales consultants learn how to turn up the frequency of repeat and referral sales.
  • Sales consultants can make appropriate customer contacts to get more from their client base.

Educating Our Buyer Today On When We Want That New Vehicle Back

  • Sales consultants learn when to first inform the customer of optimal trade timing.

Cost Of Ownership Logic For Overcoming Delay Objections

  • Sales consultants can overcome price objections and close procrastinators today with powerful logic.

Getting Your Sales Managers Involved At The Right Time

  • Participants will know how to work with managers to help increase customer confidence to trade now.

Creating More Internal Referrals

  • Sales consultants learn practical approaches to engage with customers when they come for scheduled maintenance.

Meeting Your Customer In The Service Department

  • Sales consultants will know how to harvest opportunities from service appointments effectively.

Action Plan Development

  • Sales consultants set a personal action plan to incorporate the best practices from this program.

Download the Full Course Syllabus

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