Inverse Relationship Between CarGurus and Cars.com SRP/VDP Conversions?

woa boy, @Dan Sayer here we go...
Assuming SRP traffic is the same, Higher CTR will create more VDPs. For every 100,000 SRPs. a 1% rise in SRP/VDP ratio will create 1,000 more VDPs (FREE :)

To get a read on how stable SRP/VDP CTR is, I wanted to see it mapped across time, across all stores (Used only)
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Woa, what a peak in June-Sept 23. Before and after looks to be the 'normal' CTR range. I ck'd to see if any store(s) caused this outlier, all stores generally rose and fell in this period (Anderson Ford South rose the most, Anderson Kia of St Joseph rose the least).

Dan, did your group do a big mark down event in the June, July, Aug, Sept 23?
Thoughts?
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EVs are coming, but for how long?

When you see any EV conversation on LinkedIn these days, they all sound a lot like this:

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DealerRefresh is LOOKING for Help - Help Wanted

It looks like we have the role filled!

Thank you to everyone who reached out. It was great to hear from so many of you.

I'm hoping we're in a position to expand things further on the back of some success. And those of you who reached out will be the first ones we call when that time comes.

Inverse Relationship Between CarGurus and Cars.com SRP/VDP Conversions?

Straight out of Cars.com and CarGurus dashboards at the time. They both had 13 months of SRP/VDP % on their dashboards ongoing.
@Dan Sayer I'm trying to get an idea of what the ranges are for various dealers. Gurus dropped the ratio, you have to calc it manually. Cars still has it
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If ANYONE here has your SPR/VDP click thru % for AutoTrader, CARS, or CarGurus, plz post it here.
Heres one of mine:
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Inverse Relationship Between CarGurus and Cars.com SRP/VDP Conversions?

@flosho, LTNTT, you got a SRP/VDP CTR% refresh?
View attachment 8586

BTW, where did these charts come from?
Mine came straight out of Cars.com and CarGurus dashboards at the time. They both had 13 months of SRP/VDP % on their dashboards ongoing.

Inverse Relationship Between CarGurus and Cars.com SRP/VDP Conversions?

Dan,
Can you do a refresh on your SRP/VDP ratios? Your chart below is Feb 2020, literally the month prior to COVID.
View attachment 8585
Holy cow. Dusting off this one are we? lol I shifted my focus in the stores during Covid and had since cancelled CarGurus. I could go back and see what data I collected but I'm sure there are other Refreshers that would have current Cars.com and CarGurus data to see if the inverse anomaly I was tracking is true today. Or were you looking for something else @joe.pistell? I'm leaving for 20Group this week so it may have to wait.
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Inverse Relationship Between CarGurus and Cars.com SRP/VDP Conversions?

I've been tracking data from our 3rd Party Classifieds for a very long time and one of the (many) items I monitor is the SRP/VDP conversion. I feel this is one of the indicators of how well we are merchandising, pricing, etc our inventory.

Dan,
Can you do a refresh on your SRP/VDP ratios? Your chart below is Feb 2020, literally the month prior to COVID.
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Test Leads

This is the only reason I could see a consultant assisting with this, but I would say that anyone who has their nose in the business for a while will end up with the same blind eye after a while.
Good point. As long as the consultant doesn't say "if I was a shopper..." before any advise given.
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Test Leads

I get what you are saying, but I like to see what other ideas people have. It's not really about comparing myself with them. It's just like going to different websites to see what someone else has thought of that I haven't. I know I'm not the smartest or most creative guy in the world, so I'm not afraid to take a look at what others are doing.

Although my post was about their performance, my intention going in had nothing to do with that. I didn't set out to compare those things. I was just out to see if anyone had gotten creative about anything. This was just a byproduct. If anyone had been doing anything original, I would have shared that instead.
It was just my response to Todd and hiring a consultant. It was my opinion on self-checking by a secret shop. I think it's a waste of time if one has a CRM and can review their own leads.

I think what you were talking about is the shopping of others. I used to secret shop others a lot because I was convinced there must be something I was missing. For me, I stopped doing that because I was making an assumption if I saw something new and creative it would resonate with online shoppers. The fact is I have lost the ability to even remotely think like an online shopper (and I would argue everyone on this forum has as well). If I was seeing something that was new and exciting it was because it was new and exciting to me. The problem is my lens and context for "new and exciting" is so far off any scientific standard for what an actual 3-year-cycle-online-car-shopper finds of value, that I can't insert it into my process without more data. IF I knew that store was using the same process for 90 days (and it was followed by their team) and it produced a lift in engagement, etc THEN I'd try and implement. This is what is most valuable about 20Group peers. Someone who will pull back the curtain and show you what they're doing WITH proof of success. I'd pull by my curtain for you @BillKVMotorCo...

Test Leads

I recommend to all my dealer clients I do consulting with that they hire a company to do formal mystery shops and do it quarterly. If you think email response is bad try listening to phone calls and in most cases it’s even worse. Covid “order taking”made bad habits even worse then they already were.
In my opinion, I never understood the concept of 'secret shopping' my own stores for Phone and Internet when we have a complete real-time log and recording of all in the CRM. Stores should be reviewing these in real-time throughout the day with correction and coaching coming just as fast (not waiting a QTR). It's been a minute since I secret shopped a competitor because we don't have our own process locked down let alone need to second guess whether our process works by hearing someone else's magic one-liner. If I don't have access to their real conversion metrics, why would I put stock in their process? "Comparison is the thief of joy." - Mom

If I did secret shop someone else all it did was reinforce they may have faked their Internet composite numbers input in a NADA 20Group that a GM or principal attended. "These guys are killing it, let's see what they're doing..." Uhm, they be fudging number to get to the top of the page is what they're doing. Even with that, I still had no bearing whether the rep was following the stores process or going rogue. I've found the best way to find if they're real is just call the store and talk to the "internet" manager. You'll know pretty quick what the reality is.

I have guys running 18-22% on Internet and I have guys running at 3-6%. I don't need to secret shop to start the process of re-directing leads and finding where the holes are with managers and reps. There is no silver bullet. Review leads daily to find the bad actors and if they're coachable, and they have the capacity, send them in the right direction. If they're not, PIP then promote them to customer.
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Test Leads

That's quite a bold idea, but ethical business practices are crucial for sustained success. Fair competition and genuine leads contribute to a healthier industry overall. What are your thoughts?

Here's an idea for a company...keep in mind this is pure evil and no one should actually do it.

#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

Always be a human element to video/photo's either good or bad. I wish you luck Joe. If I get those Apple Vision Pro's I'll let you know!
I'm not very good with just my iPhone. I did that like 10 years ago when I was in retail and joined this forum (2014). People came into the dealership and told me they got dizzy watching. But I really didn't care as long as they bought something! Also BTW, Sales tripled at that store from 2010-2012 and I attributed inventory video's as one of the main reasons.
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#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

WHY WOULD I SHARE THIS?
In the old days, this voice over video would be a product and everyone knows you DON'T share new product ideas.

It's a new day, this a call to action in the DealerRefresh tradition (open sharing). The AI wave (funded by many trillion dollar companies) will create change in "everything digital" in all industries at a speed that'll make your eyes bleed.

My instincts lead me to believe that:
  1. AI's intelligence will grow so fast, that this 'AI voice over prototype' (above) will look primitive and be outdated by halloween this year (lunch bet anyone?).
  2. AI's evolution will cheaply produce content so 'over the top' that ppl will treasure 'real human's content'.
MKBHD looks at Sora. See how far AI has come in 1 year.
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#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

I think VR video is the future not videos made with pictures. I would get the new apple vision pro and show it like they were at the dealership looking at it themselves. Maybe a video that last a minute or two. Then I would overlay it with my own voice using AI.

Let 'er rip dude! :popcorn:
You can Prototype it and share it here. You'll have it done in an afternoon!

#RefreshFriday Merchandizing - Someone is Launching a new Service | Joe Pistell

Reymores ad on the Cadillac I came up with this by copying it and then going to you.com and adding make me a ad that is professional and funny.
Kevin,
regarding AI dealer content gen, we started a prompt creation competition 300 days ago, join in! It NEVER ends :)

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