• Narrow screen resolution
  • Wide screen resolution
  • Auto width resolution
  • Increase font size
  • Decrease font size
  • Default font size
  • default color
  • green color
Member Area

iSM Today | Automotive Internet Sales Resource

Friday
Nov 21st
Home arrow New Leads arrow Latest arrow J.D. Power and Associates Reports: AutoTrader.com and Cars.com Each Rank Highest in Satisfying Dealers With Online Vehicle Buying Services in Their Respective Segments
J.D. Power and Associates Reports: AutoTrader.com and Cars.com Each Rank Highest in Satisfying Dealers With Online Vehicle Buying Services in Their Respective Segments

Image WESTLAKE VILLAGE, Calif., Aug. 19 /PRNewswire/ -- Among online buying services, AutoTrader.com ranks highest in satisfying dealers with new-vehicle leads, while Cars.com ranks highest in satisfying dealers with used-vehicle leads, according to the J.D. Power and Associates 2008 Dealer Satisfaction with Online Buying Services Study(SM) released today.

The study, which measures dealer satisfaction with online buying services, ranks vehicle-lead providers in two segments:

  • independent new-vehicle and independent used-vehicle. Within those segments, four factors measure overall dealer satisfaction with online lead providers:
  • business generation; dealer support/service; competitiveness of fees; and transmission of leads. An additional factor, advertising, is also included in the independent used-vehicle lead segment.

AutoTrader.com ranks highest in dealer satisfaction with online new-vehicle lead providers for a second consecutive year, performing particularly well in the business generation, dealer support/service and transmission of leads factors. Following AutoTrader.com in the segment rankings and performing above industry average are Cars.com, Dealix and AutoUSA, respectively.

In the used-vehicle lead segment, Cars.com achieves high ratings from dealers in the areas of business generation and transmission of leads. AutoTrader.com follows Cars.com in the used-vehicle-lead segment rankings and performs well in the areas of dealer support/service and advertising

"The strong performance of AutoTrader.com for two consecutive years is founded on its most notable strengths -- the quality of leads and the amount of contact with the dealership -- both of which are especially important to dealers," said Jon Osborn, research director at J.D. Power and Associates. "Cars.com has been steadily improving in the used-vehicle-lead segment rankings during the past two years, so it is not surprising that the service improves from its second-rank position in 2007 to earn the highest rank in 2008."

The study finds that overall satisfaction in the used-vehicle lead segment has declined considerably in 2008, averaging 581 on a 1,000-point scale, compared with 613 in 2007. The decline is driven primarily by decreases in satisfaction within the business generation factor, specifically in the areas of the quality and quantity of leads.

The study also finds that the average number of online lead providers that dealers subscribe to has increased steadily in recent years -- from 5.6 in 2006 to 6.8 in 2008. In addition, approximately one-half (53%) of dealers report subscribing to a lead notification program, which instantaneously alerts dealers to an incoming lead via cell phone voice or text messages. Dealers who subscribe to lead notification programs tend to have high levels of satisfaction with the services. Approximately two-thirds of subscribing dealers "completely agree" that lead notification programs work well and believe that they are worth participating in.

"As both new- and used-vehicle sales decline, it is now more important than ever for dealers to cast as wide a net as possible toward the limited supply of vehicle shoppers, which is one reason why dealers are increasing their use of online lead providers in the hopes of generating more traffic and sales for their dealerships," said Osborn. "Also, dealers use vehicle lead notification systems to try to differentiate themselves from their competitors through faster lead response times. In this highly competitive industry, creating even a slight edge over other dealers is critical during a period of slow sales."

The 2008 Dealer Satisfaction with Online Buying Services Study is based on 4,141 dealer evaluations of the online buying services they use. The study was fielded in April and May 2008.

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com/.

Dealer Satisfaction Index Scores
(Based on a 1,000-point scale)

New-Lead Services Segment

 AutoTrader.com637 
 Cars.com619 
 Dealix615 
 AutoUSA604 
 New-Lead Services Segment Average588 
 Autobytel Inc.578 
 AutoMart.com547 
 eBay Motors540 
 Vehix.com505 

Included in the study but not ranked due to small sample size are: CarsDirect, CarSoup.com, Jumpstart and IMotors/Reply.

NOTE: The study also measures dealer satisfaction with manufacturer and member lead services, however, rankings are unavailable due to small or insufficient sample sizes. 

Used-Lead Services Segment

 Cars.com662 
 AutoTrader.com651 
 Used-Lead Services Segment Average581 
 eBay Motors566 
 Autobytel Inc.552 
 Vehix.com527 
 AutoMart.com526 

Included in the study but not ranked due to small sample size are: CarsDirect, CarSoup.com, UsedCars.com and SAM'S CLUB Auto Buying Program.

NOTE: The study also measures dealer satisfaction with manufacturer and member lead services, however, rankings are unavailable due to small or insufficient sample sizes. 

J.D. Power and Associates Media Relations Contacts:

John Tews
Troy, Mich.
(248) 312-4119
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

or

Syvetril Perryman
Westlake Village, Calif.
(805) 418-8103
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 





Reddit!Del.icio.us!Google!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Furl!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites! title=

Views: 496

Become the first one to add a comment

Only registered users can write comments.
Please login or register.

 

Fresh Leads

Digital Dealer May Edition 2007

Image Jeff Kershner - Internet Sales Manager - Mercedes Benz of Hagerstown

Jeff Kershner, Internet sales manager, is doing a lot of things right to attract buyers and turn Internet leads into sales. A passion for new Internet trends, like blogs, online social networks, viral marketing and search engine optimization, coupled with a solid belief in essential business practices like prompt follow-up on leads, has led Kershner to build a growing Internet business for the dealership.

 

View Interview...

 

Quick Site Tools

iSMToday Video CenterVideo Center
Automotive Industry Video Gallery

iSMToday News CenterNews Center
Industry news and product updates

iSMToday Discussion ForumsISM Community
Automotive Internet Sales Discussion

iSMToday Resource CenterResource Center
Directory & Reviews on Products and Vendors

iSMToday Career CenterCareer Center
Internet Sales Positions powered
by Career Builder

Industry Events

There are no upcoming events currently scheduled.
View Full Calendar

Advertisement


Advertisements