Many dealerships remain slow pokes in responding to Internet leads, says a study.
But the slow goers deserve at least some credit, because the mystery-shopping study indicates 12% of sent leads received no responses at all.
Capgemini, the firm that put 1,300 dealerships to the test, was commissioned by ResponseLogix, a company that offers dealers a system that automatically sends information-rich emails in response to Internet vehicle-shopping inquiries.
The study pegs average response time, including auto-responders, at 4.7 hours.
The lack of speed and information falls short and hurts sales prospects, says ResponseLogix CEO Tom Mohr, calling the results “surprising.”
Previous studies indicate lead conversions can double when a dealership within 20 minutes responds with relevant information, particularly vehicle pricing.
Fifty-eight percent of dealers in the study failed to include pricing information in email responses. For the 30% of dealers that did include that, the median time to do so was 1.1 hours, the average time 24.8 hours.
Ideally, a dealership should take within 20 minutes to send a response that includes pricing, details on the vehicle the customer asked about, information on alternative comparable vehicles and updated incentive information, says ResponseLogix.
In reality, 1% of responses do that.
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