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service data

INTRODUCING: AutoHook® + ServiceSmarts® Integration for KIA

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THE WAIT IS FINALLY OVER...

AUTOHOOK® + SERVICE SMARTS®

LAUNCHES AUGUST 1, 2017

What is AutoHook?

AutoHook specializes in proving sales attribution combined with their untouched ability to increase showroom and service drive traffic. Through their 100% DAS-Eligible incentive solutions, AutoHook supplies true, incremental sales, new to brand buyers, and service appointments to KIA Dealers. Powered by Urban Science, AutoHook proves ROI with the fastest, most accurate sales and service data in existence. 

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What is ServiceSmarts®?

ServiceSmarts® is an online tool that allows all KIA Dealers to identify and target their best Service opportunities. 

What Happens When Two Superpowers Combine?

After establishing a proven track record for driving sales and new to brand buyers to KIA stores, it was only a matter of time before AutoHook brought our high-converting incentive solutions to the service drive! With the all-new AutoHook + ServiceSmarts integration, KIA dealers can improve the effectiveness of every service campaign and TAKE BACK service revenue by isolating, targeting, and incentivizing the customers with the highest level of opportunity. ServiceSmarts data identifies any potential missed opportunities and AutoHook incentives allow you to create campaigns to convert those opportunities into service appointments.

Program Overview

  • Target inactive or at-risk customers using your ServiceSmarts data.

  • Identify and incentivize your greatest areas of service revenue opportunity.

  • Deploy AutoHook's custom email incentive campaigns to secure more service appointments without compromising your price integrity.

How Does it Work?

STEP 1: Service Manager selects a target audience within the ServiceSmarts tool (active customers, inactive customers, first service appointment, or at risk service customers).

STEP 1: Service Manager selects a target audience within the ServiceSmarts tool (active customers, inactive customers, first service appointment, or at risk service customers).

STEP 2: After selecting a list of customers to target, select AutoHook as your Fulfillment Vendor. This will enable you to create targeted service campaigns using strategic email incentives offers. The email creative has already been done for you.

STEP 2: After selecting a list of customers to target, select AutoHook as your Fulfillment Vendor. This will enable you to create targeted service campaigns using strategic email incentives offers. The email creative has already been done for you.

STEP 3:   Select your campaign details including the name of your campaign, duration, email template, the dollar amount of incentives you'd like to offer, etc. Don’t forget to click to preview your service URL to make sure your customers can schedule an appointment online.

STEP 3: Select your campaign details including the name of your campaign, duration, email template, the dollar amount of incentives you'd like to offer, etc. Don’t forget to click to preview your service URL to make sure your customers can schedule an appointment online.

STEP 4: Preview and confirm your campaign and hit submit. 

STEP 4: Preview and confirm your campaign and hit submit. 

STEP 5: Customers visit your service department to redeem their incentive. A Service Advisor activates the customer's incentive using a unique 9 digit coupon code and AutoHook's easy 30-second redemption process. The customer instantly receives their Visa e-gift card while their vehicle is being serviced.

STEP 5: Customers visit your service department to redeem their incentive. A Service Advisor activates the customer's incentive using a unique 9 digit coupon code and AutoHook's easy 30-second redemption process. The customer instantly receives their Visa e-gift card while their vehicle is being serviced.

SIGNING UP IS 100% FREE.

YOU ONLY PAY IF A CUSTOMER SHOWS UP IN YOUR SERVICE DRIVE TO REDEEM THEIR EMAIL INCENTIVE.

SIGN UP NOW TO START TAKING ADVANTAGE OF THIS PROGRAM!

*CAUTION: Dealers using AutoHook Incentives have been known to experience outrageously high levels of ROI. 

Has the Promise of Big Data Finally Been Fulfilled?

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by David Metter

Big data has been a big topic in automotive for a long time now. At this point, I think we’ve all realized there is a limitless digital warehouse of actionable data that exists. However, the struggle remains in deciphering how all the pieces fit together and translate into more sales. At the absolute core of the car business, when all the digital minutiae and politics are set aside, being able to prove sales is the only way to know if something is working. Owning the ability to prove sales in near real time is unquestionably big data’s most powerful accomplishment as far as the car business is concerned.

Perhaps the focus has simply been in the wrong place, or maybe it’s the fact that the focus has been in too many places. Dealers have been forced to adapt, master new technologies, implement new ways to operate and sell more cars all while being pushed in a million directions, attempting to distinguish between gratuitous opinions and actual science. It’s easy for dealers to lose sight of the end game when they’re stuck trying to figure out how the pieces fit together and how to create the story needed to turn data into action. This is why a lot of people view big data as nothing but a big problem.

I’m going to make this whole big data problem very small. The only data you need to start with, the only data that allows you to take immediate action is sales and service data, nothing else - and this is the reason:

We know that when customers physically walk into a showroom, closing rates jump to roughly 60-65%. Therefore, leads are important, but there’s no argument that showroom visits are more important than leads, and sales are more important than showroom visits. That’s the trajectory. If you’re using big data for anything other than proving sales or service revenue, you’re wasting your time. Sales have always been, and will always be the single most important dealership metric.

You also have to look at the history and trends of your past sales and the sales of your fiercest competitors. Too often, some of the most influential players in this industry forget that no two dealers are the same and no two markets are the same. Therefore, the data you need to own more of your market share may be much different from other stores, including each rooftop within a large or small dealer group.

In a lot of ways, big data is like a hammer. We can all go to Home Depot and buy the same hammer, but what we use it for, and what we ultimately build with that hammer is contingent upon its user. Choose to use your hammer better and smarter than the competition. Know that in order to do so, you also have to know how your rivals are using their hammer – in other words, the sales and defection trends of competing dealers in your market. It’s impossible to cut your losses if you don’t know they exist. You need to view both your opportunities and losses from a 360-degree, closed-loop vantage point. Big data exists not only to show you what you sold, but just as importantly, what you didn’t sell.

To put things into perspective, know that the power of big data transcends far beyond the car business. On a global scale, true improvement and change can only occur if a problem or a need for change is identified. Over the last decade, big data has proven its ability to influence the world’s greatest issues, including social change, government policy, and industry laws and regulations simply by its ability to demonstrate a need. When a need is identified, it then opens up the door for change.

In the TEDx Talk, “Stories are Just Data with a Soul, Chris Coates paints a very clear picture that data exposes needs by telling stories. “These stories can help people leaving prison to find work and stay out of prison and build new lives. They can save someone’s eyesight or their leg. Data can give children in the most deprived parts of the country chances in life they wouldn’t otherwise get.” What Coates is saying is that data alone has the capacity to change a life. If big data can change lives, it can absolutely change the effectiveness of your sales operations.

 

Mining Your Data for Equity

by David Metter

I’ve said it before, and I’ll say it again. Our industry has a skewed perception of big data and its intended uses. I think that the term “big data,” has been overused and I believe it’s time to replace it with “best data.” Big data will only continue to get bigger, and I don’t think “colossal data” will ever really catch on or be worthy of a hashtag. So let’s open our eyes to what’s been missing from the information age and allow a little common sense to flow through our vantage point, straight into our dealership operations.

So what is the best data? If you asked 50 different people, you’d get 50 different answers. But these are just opinions, and opinions are noise. The best data is science-based, inarguable, and absolute. The best data is something you already have, and it’s located right within your own DMS. The data that matters most, before observing any other KPIs, is sales and service data – that’s it. If you think any other type of information is more important than if people buy cars from you and if they get their vehicles serviced from you…I’d advise you consider a different line of work.

If I were to purchase a dealership this very moment, the first thing I’d put into play is equity mining. I don’t own an equity mining company, and I’m not trying to sell you an equity-mining product. But I do know good common sense solution and execution when I see it. Equity mining takes the sales and service data you already have, and identifies opportunities to drive people actually in-market to purchase into your showroom or to your service department. It’s that simple.

According to Automotive News, “Equity-mining software, sometimes called data-mining software, enables dealerships to spot current customers who are in a good position to get out of the vehicle they have and into a new one for about the same monthly payment.” They also say it's been an absolute “gold mine” for one Honda store that has utilized it to fuel profit in nearly every one of their departments.

Top Equity-Mining Software Providers:

  • AutoAlert
  • CDK Global
  • DealerSocket’s Revenue Radar
  • Dominion Dealer Solutions
  • ELEAD1ONE Xchange
  • VinSolutions

AutoAlert has one of the industry's best data mining tools that uses advanced algorithms and analytics to reveal online trends and consumer behavior in order to provide actionable, in-market consumer intelligence. Their AlertMiner Retention Alerts will inform dealers of any and all profit opportunities as they arise. The software shows dealers when a past or potential customer’s contract is ending on a lease or purchase or if they can get a newer vehicle for the same monthly payment they have now.

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AlertMiner alerts dealerships of relevant consumer shopping behavior and when it is a good time to reach out (or not).

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DealerSocket’s Revenue Radar continuously scans your DMS in order to highlight customers that are in a favorable position to spend money at your dealership, before they shop your competitors. Their equity mining process is shown below. 

The choice is yours. Go with your gut, or go with the recession-proof combination of science and common sense. Common sense will tell you science has a higher probability of being right – despite your intuition and experience. Equity mining is at your disposal, waiting to help you reach past, present, and future customers when they are in the market to buy. You have the best data already (sales and service data), now it’s time to mine it and work it! It’s the difference between being part of the noise and being the first one to speak up when the moment is right.

Equity mining is exactly how dealerships get their ducks in a row prior to a campaign launch. It is how you avoid wasting money on prospects that are not considering a purchase. I believe in this concept so much is because it’s common sense in its purest form and much less complex than we’ve been led to believe.