A Surprise Benefit to Selling Accessories
- There are more benefits to accessory sales than just the added profit!
- "It's not easy keeping good salespeople today."
Many dealerships would agree, the most obvious benefit to selling accessories is the profit potential. You might even be able to picture the added OEM bonus money if you believe accessory sales will help you hit those goals.
But there is one benefit many dealerships never consider up front. What affect will accessory sales have on your employees?
According to NADA’s 2016 Dealership Workforce Study, employee turnover for sales consultants was 67% and the average tenure was just 18 months.
Investing in the wrong employees can cost you upwards of 150% of an employee’s annual salary, but investing in accessory sales might actually help you:
- Improve employee satisfaction.
- Increase employee retention.
- Lower turnover.
With new car sales falling flat and profit margins continuing to shrink, there is little money to be made on the car sale itself. Many dealerships investing in an accessories department find their employees are more satisfied because they are given the opportunity to make more money in other ways, besides selling the car.
Acton Toyota in Littleton, MA, is seeing the employee benefits from accessories. “We now have salesmen competing with each other because they want the bonus money. It’s really become second nature to them and they are making more money than ever.”
Acton’s AddOnAuto Program Manager, Alex Wheaton, agrees it’s not easy keeping good sales people today because it’s hard to make good money. But accessories are an easy way to keep them happy with more money.
What’s in It for You:
In addition to keeping your employees happier and at your dealership longer, accessory sales might also bring in more applicants for you to choose from. If word starts spreading around town that your salespeople have the opportunity to make more money on each car they sell, you’ll be one up on the competition already.
So, could you see accessories benefiting your dealership in more ways than just profit?
In this industry, if you’re not pulling out all the stops to grow net profits and maximize your customer wallet share on every transaction, you’ll…
It’s something the industry knew was coming for several years now, and whether your dealership is ready or not, it’s here. It’s the closing profit…
How often do customers leave your dealership to shop elsewhere because your pre-owned vehicle selection wasn’t quite right for them? When these situations occur, do you…
In today’s fast-paced world, consumers want quick buying experiences that give them exactly what they need. But a fast car buying experience does not always equate…