Wall Street Welcomes Rise of Online Auto Sales
If you’re looking for more proof that online auto sales are here to stay, all you have to do is check the stock market. Share prices for publicly traded used-car groups like Carvana and Vroom, which only sell vehicles online, have skyrocketed this year. And a third player, Shift, was readying an IPO as this blog was being published. In other words, more and more people are investing in the online auto-sales business model, and if your dealership doesn’t want to fall behind, we suggest you do the same.
The numbers tell the story. According to a recent report by The Motley Fool, Carvana’s stock price was up more than 160% this year entering September, helped by a return to TV advertising, while Vroom had seen its shares jump 54% since its IPO on June 9. Now, investors did take some profits at the beginning of September, but the Fool’s experts are clear that these “two companies are very well set up for the current COVID-19 environment, or a potential second wave during the fall season. And the pandemic has accelerated consumers’ willingness to use online car-buying platforms. That acceptance isn’t likely to reverse, even when life as we know it returns to a more normal state.”
Of course, we’re not saying it’s time to invest your money in other companies. Those words of wisdom also mean that making a decision to move more resources into your own online selling, whether it’s for new or used vehicles, can be a great way to get a good return on your investment.
An easy and effective starting point is to up your game with better online vehicle descriptions. Remember, they’re often your dealership’s first interaction with a potential customer, so getting them right is imperative. The old saying that you only have one chance to make a first impression is only too true, especially in this business, where there’s always another dealership waiting to cash in on your mistakes.
A high-quality vehicle listing sets you off on the right foot with customers by engaging their attention and letting them know you have the car they want, with the features they want, at a store they want to deal with. The team at Dealer Assist Now knows all about it, too.
All we do is create online vehicle descriptions that have proven their effectiveness for thousands of dealerships across the United States and Canada. In fact, our professional writers have crafted more than 8 million vehicle listings already, and each one is carefully formulated by hand — not simply jumbled up by a computer algorithm. Readers can tell the difference, and our copy also has been finely tuned for SEO advantages, carefully researched and edited, and tells a story in a customer-friendly style that reflects well on your dealership. Further, if you need something special for a unique car or truck, our writers can craft a fresh listing for you in just 24 hours. In any case, with your pictures and smart pricing, the results are designed to stand out in a crowded digital marketplace.
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