The automotive industry has received a wakeup call since the beginning of the coronavirus pandemic. To keep their business running, many dealers and dealerships who weren’t adapting to the digital transformation had to embrace it with open arms suddenly. The digital transformation came quicker than expected in the past two months, and it’s not going anywhere.
Full transparency is required in transitioning to online sales. Online marketing is now crucial to keep in contact with your customers. Consumers must be encouraged to shop online and have their vehicle shipped directly to them. Additionally, customers can purchase F&I protection right from their home, allowing F&I departments to gain back revenue.
Across many industries, there is a push to develop contactless business operations. In the automotive industry, these practices will be utilized when customers bring their vehicles to the dealership for servicing. Spiffy delivers the detail, repair, and tire shop to your driveway. Even though this may be seen as a temporary solution, it has potential to stick around after the pandemic is resolved.
Along with vehicle sales and F&I products being sold outside their typical settings, omni-channel marketing could be the key to successfully transitioning to digital retail. Though consumer buying habits have shifted since the start of the pandemic, digital retail will remain a large part of how people purchase goods. Although many dealerships were hesitant to take the plunge into the digital transformation, it is critical to understand and adapt to.
It’s that time of year again! The industry has cast their votes and the results are officially in. Read the blog to see where Axiom stacks up.
Founder and CEO, Mike Reth, was interviewed by the St. Louis Business Journey, sharing his vision for Axiom and giving background into his motivation and personal life.