There seems to be something going on with Cars.com stats since the change to their new site layout. I help about 2 dozen dealerships in all different markets and they all carry different franchises and I am seeing the same trends at these stores.
I want to open up this conversation to see if anyone else is seeing the same trends?
I'm seeing a big drop in SRPs and VDPs, and not just on an overall drop but on a per car drop also.
Chart 1 shows a drop in weekly projected SRPs for this dealership's inventory.
Chart 2 shows the same dealerships weekly drop in projected VDPs.
Chart 3 shows the drop in those VDPs on a per car basis.
As you can see by comparing the trends to their Autotrader stats, it's not an inventory issue because if that were the case, both Autotrader and Cars.com would have dropped at the same level.
(these are charts created in Google Drive for our clients, the projected data is pulled out of vAuto’s Merchandising tool that gets a feed from Cars.com and the monthly data comes from Cars.com and Autotrader.com backend tool)
I'm also seeing a drop in VDP conversion percentage.
I'm also tracking a drop in leads coming to the stores.
All of this is coming at a time of the year where there is usually a spike in shoppers on both Autotrader.com and Cars.com. The months of January, Febuary and March show the largest shopper count year over year on Autotrader.com and Cars.com as you can see from the charts below..
Anyone else is seeing the same trends?
I want to open up this conversation to see if anyone else is seeing the same trends?
I'm seeing a big drop in SRPs and VDPs, and not just on an overall drop but on a per car drop also.
Chart 1 shows a drop in weekly projected SRPs for this dealership's inventory.
Chart 2 shows the same dealerships weekly drop in projected VDPs.
Chart 3 shows the drop in those VDPs on a per car basis.
As you can see by comparing the trends to their Autotrader stats, it's not an inventory issue because if that were the case, both Autotrader and Cars.com would have dropped at the same level.
(these are charts created in Google Drive for our clients, the projected data is pulled out of vAuto’s Merchandising tool that gets a feed from Cars.com and the monthly data comes from Cars.com and Autotrader.com backend tool)
I'm also seeing a drop in VDP conversion percentage.
I'm also tracking a drop in leads coming to the stores.
All of this is coming at a time of the year where there is usually a spike in shoppers on both Autotrader.com and Cars.com. The months of January, Febuary and March show the largest shopper count year over year on Autotrader.com and Cars.com as you can see from the charts below..
Anyone else is seeing the same trends?