By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
I had to laugh at that because I know exactly what you are talking about. It is amazing some of the sales managers I have seen. I have had some that got in management because they were friends with the right person. But they couldn't close a screen door. They would be doing a "TO" and even I would be sitting there listening and cringing wondering what they were talking about :sick:
The policy here at my group is you first go to JM&A than you substitute at any of our 15 dealers here when a F&I person is off. Once you do that for awhile and permanent position opens at a store you work there. Once you have done F&I for a while you can than move up to sales manager.
I have to say I am having a real good day today sold two new cars. Both loses had to steal them from competing dealers. And a $3000 front end on a used car.
GP
"Buying, Selling .... Selling, Buying"
I got a two car deal going with the parents of one of our employees so these will be mini deals but that's ok. One is a Prius which I'll deliver tomorrow and the other one won't be here until April
Mack :shades:
My mentor Marshall Upright was the best manager I've worked for. He would come in on a TO and justify to the customer the price we were asking for the car. He would do it in a way that he would put the customer at ease and talk about everything but the car, then when the time was right he would ask for the sale all without giving up the gross. Once in a while it was 50-100 that was holding up the deal but we would do it. I learned a lot from him. My first real month in the car biz was due to him. The first three months I was struggling, I got the old "go out there and sell a car" training and was just about to quit when Marshall came to work for us.
He sat down with me and asked about my family, how I liked the job, how many cars I had sold, etc.,etc, Then he did what no one else has done, he put a blank piece of paper in front of me and made a calendar. He then showed me how many working days in the month, off days and store closed days. Then he asked me how many cars did I want to sell a month. Of course I responded with "as many as I can!" to which he replied: "the average car salesman in the US sells 8 cars a month." so I responded "I don't consider myself average, everything I do is 110%" then he asked me "Give me a number." so I told him 12-15 I thought would be good. So he proceeded to tell me and show me what I had to do to sell 12-15 cars per month. I had to talk to at least 4 people per day. He's also the one that told me never to be ashamed of what I did. "As long as you treat customers with dignity and respect, don't lie, cheat or steal, you will be fine and have a loyal following." then he put me on the money. "Now this is what I want you to do. Any customer you demo a car to and write up, don't let them go until I talk to them. And when I'm talking to them don't say a word just take mental notes." So that was the plan of attack.
The next month every thing I touched turned to gold! I sold 21 cars, was salesman of the month and I was on cloud nine. After that month he asked me if I had the hang of it. "Yeah, I think I got it." and as they say, the rest is history.!
Mack :shades:
TO any of my customers as our manager's way of closing a customer is to drop their shorts (drop the price of the car) LOL!
And sometimes that is the only thing you can do to get a sale :sick:
I can't stand that either but you know what really burns me is when you get a manager who comes in on a TO and is weak as Puppy sh%t. After a couple of pencils with no commitments and the TO guy has come over and justs sits there and instead of trying to get a commitment or try and bump the guy from a low offer just says " OK.. I understand you need to think it over" I think the point I am trying to make is I always expect my TO mangrs to be better than me. Real closers.
Another thing I believe about TO managers is that customers expect to talk to a manager. Like the customer see's the manager as a "authority figure" and just because he says that is the best deal the customer believes it. Ya know what I mean?
My mentor Marshall Upright was the best manager I've worked for. He would come in on a TO and justify to the customer the price we were asking for the car. He would do it in a way that he would put the customer at ease and talk about everything but the car, then when the time was right he would ask for the sale all without giving up the gross.
Don't you just love managers that can "put people together"...
I had to talk to at least 4 people per day.
So true !!! When ever I am in rut. I go back to that same mentality. It is just bound to happen on a matter of averages. Also helps to work in a store that gets that many ups !!!
the rest is history.!
My first car deal was on a used car. It was a 3 pounder. The next day when the guys explained that I made $600 on that one deal. I was hooked. I couldn't believe that kind of money was possible :surprise:
" keep taking ups !!! "
GP
That is essentially correct, but I think they were attempting to go beyond "the Joneses" to set a brand new standard for the neighborhood!
From my perspective, it's a simple case of financial immaturity. They earned some financial windfall by selling a small California condo near the peak of the housing boom, but they quickly turned around and spent it on fancy vehicles and some fancy home upgrades. That windfall might have led them to believe they could live the life of someone earning >$200K/year, while they actually earned ~$50K/year. Reality hit them pretty hard soon after they moved in and started paying all the bills.
Not to be confused with the "Flying TO" which is when a sales person snags you up as you walk across the show room or dumps a customer in your office to try to close them when you have no idea what is going on or what has been said.
Or the "Flushing TO" which is when you have to go in a very polite way tell a customer that refuses to leave that we are unable to help them.
I live/work in Southeast Ohio, and to say that this area is " economically depressed" is an under statement. I have never heard of a flushing TO. Hilarious!
The best "TO" guy I had ever had would like to go into a TO not knowing anything except that they were there to buy a car. When ever I would try and give information about the deal and why they weren't buying today. He would tell me he did not want to know anything because all it would do is "Rat" him out ( Rat means to put negative thoughts in ones head ).
It made sense to me and even today when I do a TO for another sales person I don't want to know anything either. All I want to know is if the customer drove the vehicle !!!
If you want to see a manager get mad at a sales person. Go to dealership have the sales person show you the vehicle. Spend some time doing this. Go in to work numbers. Tell the sales person you are not ready to buy. He will go get his manager. After the manager has worked some numbers with you, watch his face and tell him " well I don't know if I want to buy this car... I haven't even driven it yet !? " The sales person should be a little uncomfortable because he knows he is going to hear it when you leave and the manager will be :mad:
I am cracking myself up just thinking about that situation :P
Anyway hope everyone has a great day! :shades:
GP
Joel...
Correct me if i am wrong but from whtaI understand Ford does a lot of spins on there cars that can be any where from 50 -$500... And from i what i hear Ford seems to do spins every month?
Isell...
Honda I believe give a salesperson a credit card and when they win spin money it gets added to the credit card. I had a friend that works for Honda for 15 years and 2 years ago he said he had a balance of about $40,000... He was also the kind of person would really butter up his toast if you know what I mean.
Mack...
I have 4 toyota stores in my group and i have no idea what they do.
Moo...
Does Porsche do anything...
Now I know this could be a lttle funny answering these questions with so many consumers reading these boards. I know the next thing they say when they are buying a car is " Well I heard you are going to get another $200 in spin money and I want that discounted from the price of the car too!"
I would have to assume that Jaguar does something.
I know Kia pays unit money every month.
Jsut curious...
When I started 5 years ago Nissan used to have a lot spins. But now all they do is if the dealer hits objective they give retro money to the dealer. But the individual sales person.
GP
I have to wonder, have you guys ever turned a customer over to a manager who then proceeded to totally blow a deal which was almost done?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
:shades:
Thsnks Mack. Ididn't think Toyo did anything. But they do the crditit card thing.
gP
In 2007 they hardly did any spins at all and they were small only a 150 bucks or so. In 2008 they haven't done any spins yet at all.
Now that is funny :P
gP
You got 40,000 points for every sale. 40,000 points equalled roughly $200. It was a 3 month running contest and then they doubled the point reward for December sales.
That was definitely one of the coolest spin programs I've ever been involved in. I got all kinds of gifts for the family and for myself. Speaking of which, I've still got about 76,000 points to spend!
-moo
Looking back, they probably didn't want my trade, but neither did the Volvo dealership. At leas there, the salesman suggested I sell it myself. I did for about 2k more than they offered.
Wow that is pretty cool. How many points would you need for a Porsche polo shirt?
GP
Back in the day we would have spins on it seemed like every thing except F-Series trucks. Some months I would pocket $1500 + just on spin checks. But like some one said earlier they are great until the 1099 comes.
The 1099's are even worse (as Moo will soon find out
I bought about $600 worth of merchandise off of site I earn points on through a bank and got a 1099 for $1350
Ouch :sick:
I assume that is just for you ( meaning F&I ) since it is through a bank. Sales people don't recieve that. They just get spins.
We run hot and cold on the spins
Back in 2003 Nissan had some spins $50 -$500. I never once hit $500. Ussualy $75 and $100. The most I ever recieved was a $300 spin.
GP
Just messing with you DMan. I thought you would be able to add some more to the domestic side of spins. :surprise:
GP
I haven't sold a thing yet this month. My spin Visa may be my meal ticket this month :sick: :sick:
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Mack
there are 3 of the exact same new 07's on this lot.
btw, i have bought 'my' cars from the same dealership for the last 20 years.
the last one, 4 years ago, left a bad impression, so i did not feel bad shopping elsewhere.
Mack
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
We have always guessed that the amount is predetermined based off the VIN.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
looking at a fusion sel awd. i bought the focus 4 years ago with the idea that the kids would drive it, but they won't get near it. we walked away from a collision with a wrong way driver on I-95 back when i had my expedition, so i understand their reluctance to drive a small car. i'm still ok with it, but the kids have gotten a lot bigger and i need more passenger room. not only that, since i can't drive the explorer in the winter anymore, i still want at least awd and some gadgets.
joel: thanks for offering to help, because i don't see me buying anything other than another ford. i will see how the numbers work out. i told my daughter, in the next 18 months the focus only needs a couple tire rotations and oil changes, plus a gas filter replacement. it is not like i don't like the car, but it has not a virgin history. it is a question of what types of repairs affect the value.
it is the difference between being a salesman or a ordertaker.
Mack
Mack