Merry Christmas everybody! We've had a great year and we hope you have too. We are often asked about vehicle listings stats for AutoBase and Trade Me Motors, so for the end the year, here are a few stats that you might find of interest.
· This year's most popular make and model car is:
Toyota Corolla
· Most popular year of manufacture:
2002
· Average year of manufacture:
2003
· We had 149,811 listings added this year, of which 137,900 were cars
· Average kms for cars listed for the year:
88,138
· Of the cars - 72.8% were petrol, 12.9% diesel, 0.7% hybrid and 13.6% other
· At the beginning of the year we had 38,250 listings and now have 39,120
· Biggest engine car on AutoBase right now: Click Here
·Smallest engine car on AutoBase right now: Click Here
Wishing you a safe and happy holiday from all of us here at AutoBase. For help during the silly season (with your online listings, that is!), please contact us here.
We get a lot of questions from dealers wanting to know how their online performance stacks up with similar businesses, asking us for "Average" monthly stats on other dealers’ sales through put, number of enquiries etc. However, there is no ‘norm’. Variants like price, stock, lead management, marketing, promotions and social media all contribute to sales and leads which means you would be comparing apples to oranges.
While we will never publish a NBR style rich list, the top performers would be no surprise as these businesses standout by showing excellence in all areas - not just in their online marketing. Before getting into facts and figures, those at the top have a number of common traits worth exploring.
·They understand their market segment and customise their listings and marketing approach to suit.
·They have a tight lead management process.
·If the customers they are seeking come from a niche base and vehicles are the type that forms a following or community, the driver is to get them back to their own dealership website or Facebook page. From this point it is easy for them to keep an on-going engaging conversation alive.
There are number of motor dealers who do this very well. Those chasing the mass-market concentrate on higher listing visibility and first in category style features, generally supported by finance options and customer testimonials.
When comparing performance, the easiest place to start is the vehicle online daily views. Can you get access to this information from your online provider? Trending and tracking can be achieved by just running your eye over the data, or if you wish with limited excel knowledge it is easily graphed. If your vehicle views are low, the vehicle listed should be addressed.
A common reason for low vehicle views (despite poor use of images and little detail) is a lack of keywords within the description or not placing a model name variation within the text. If the listing is a Mazda CX-7Land Cruiser make sure you use the words CX7 or Landcruiser within the comments. Searching for your own listings is a great way of bench marking performance. Most vehicle browsers search for a keyword - hence the requirement to have relevant and high value keywords within a listing. One of the most popular key words is ‘Manual’ transmission. The quality and number of images have a large bearing on views and those listings with over 11 images attached attract more attention than those will less. And avoid place holder images if possible. or
Avoid placeholders where possible
Buying higher profile and larger real estate online works just like print advertising. Utilise any features of packages that your online provider offers to give your listings more exposure. If your goal is to also drive customers to your own dealership website, state in your listings that there is more information available to the customer if they go to your website. Some online providers offer hyperlinks directly through to your website from your listings. This additional information can be anything of value to the customer ranging from YouTube clips, finance options or other customer testimonials.
In summary, online media is accountable, with accessible performance. Time does need to be taken to track trends however the information is readily at hand and the payoff is immediate. Getting it right is what counts.
*For more information on Vehicle View Reporting and tools, please email us here.
