• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Dealer Marketing Magazine

Dealer Marketing Magazine

Expert Automotive Knowledge At Your Fingertips

  • Expert Panel
  • Marketing
    • Advertising
    • Content Marketing
    • Direct Marketing
    • eCommerce
    • Internet Marketing
    • Lead Generation
    • Paid Search
    • SEO
    • Social Media
    • Websites
  • Customer Experience
    • AI
    • CRM
    • Customer Service
    • Loyalty and Retention
  • Dealership Business
    • Business Development
    • Dealership Security
    • Digital Retailing
    • Finance & Insurance
    • Fixed Ops
    • Inventory Management
    • Pre-Owned
    • Recruitment & Training
    • Sales Training
    • Technology Solutions
  • Podcasts
  • About Us

Be a PRO in Your Dealership

July 3, 2020 by Stephanie Cooper

Webster’s Dictionary defines a Professional as “a person engaged in a specified activity as one’s main occupation rather than as a pastime.” The world of Sales especially requires this desire because it takes time to build relationships, referrals, and longevity in the business. Throughout my career I’ve developed a discernment for people that just wanted a JOB versus those trying to establish a career and be a PRO. We all know the immediate paycheck will certainly not keep people invested that are just searching for a pastime. I’ve found that a true PRO possesses a combination of the following traits. So I challenge you to ask yourself – What is your PRO Level?

PROfessional

It all starts with you. Be the employee that shows up 15 minutes early every day instead of 15 minutes late. Take pride in your appearance because comfort exudes confidence. Whether it’s a three-piece suit, skirt and heels, or a pair of jeans, pullover and boots. Just make sure you walk in dressed to impress and not wrinkled from the bottom of the laundry pile. Comb your hair, do your makeup if that’s your thing and trim up those beards gentlemen.

Avoid the gossip circle at the water cooler and bring up the people around you instead of putting them down. Be the leader that everyone looks to as an example, instead of the person they all hide from and avoid. You have a responsibility as a PRO to serve the clients walking in the door and the employees around you. My friend, Tony Dupaquier of the Academy, defines a PRO as “Performing at the Highest Level Possible.”

PROactive in the PROcess

Get involved early in the deal. My process starts with the trade appraisal. I want to know the W’s of the trade purchase–What they are trading, When did they buy it, Where did they buy it, Why are they trading, and Who is on the registration. The answers to these questions can quickly speed up your process and address the customer’s concerns immediately. The more information you know upfront, the faster you can accurately complete a transaction.

Then move to the sales desk. Find out how they are desking this deal and what other pertinent information you will need when addressing the customer. Are they shopping us with another dealer? Are they financing or paying cash? Were they shown 84 months or given on the road numbers? Are they a potential lease customer? Did the process create an opportunity for the F&I department? When your approval comes with stipulations–did you verify them before contracting? Paying attention to the smallest of details can speed up contract funding, pay traded vehicles off in time, and reduce floor plan fees.

PROcure & PROtect

Procuring the sale of the vehicle while protecting the dealership is the main purpose of the finance manager. Our number one job is to get that vehicle signed, sealed, and delivered no matter what the method of payment or number of products they buy. Even if that means taking the dreaded zero profit deal. But most importantly we need to do it the RIGHT way–ethically and legally. If your deal ends up in a courtroom can you defend it and protect the dealership? Are the documents properly disclosed and signed? Did you present every option to every customer?

I’ve read a lot of comments on social media groups about finance managers only motivated by maximizing their pay plan. But I encourage you to take a different perspective – we are here to provide a service to the customer and the dealer. If you do that at a PRO level, the profit will follow. My friend Marv Eleazer explains it perfectly by saying “A PRO always does the job with excellence placing the customer and dealer needs ahead of his own.”

PROducts

Product knowledge is a key component to being a PRO. It is difficult to explain the advantages of a product’s coverage to a customer if you don’t understand it yourself. Read your contracts, read your contracts, read your contracts. Believing in your product takes that principle one step farther. You may be able to “sell” anything, but are you matching the right products to the right customer, or are you just “selling” to make profit?

A true PRO would never sell a product to a customer that doesn’t need it. I saw a quote once that said: “Don’t sell a product, provide a solution to a problem.” This has always stuck with me when presenting a menu and explaining options. Work with your service department, make the service writers and vehicle technicians your best friends. They have the most hands-on experience with the coverage, so use them. Create testimonials and monetary spiffs for leads that come from that department.

PROduce

No matter what your beliefs, judgments, or preconceived notions of a customer–an F&I Manager has a critical role in producing an A+ customer experience. My friend Justin Gasman of McCaddon Buick, GMC, Cadillac stated: “A PRO is someone who has focused intensity and sweats the details while being mindful of the timeframe and expectations that come with the career.” Stop judging based on credit score, income and trade.

Sit down and have a conversation with the customer that has been brushed off by three other stores down the street. Listen to their story and get the information you need to truly help them. If you can produce a happy customer – they will listen and trust your advice when presenting their options. A bad customer experience can create higher chargebacks, costing the dealership and you money. A disgruntled customer can also affect your long term business with bad reviews. The online world of business reviews and survey information is consistently growing. In a media of FREE advertising, we can’t afford to get it wrong.

PROfit

In recent years, the automotive industry has recognized a shift in dealer profit from the front end to the back end of a car deal. With mounting competition, educated car buyers, and legal ramifications, the Finance Office is rapidly becoming a major profit center for today’s dealerships. Profit is a very serious term in this industry, and how we make it has changed drastically. That profit can also come at a substantial cost to your employees. Long hours and crazy schedules consistently disrupt the balance between work and personal life. Essentially, we are losing profit, by killing ourselves to make profit.

Now don’t take me the wrong way, I know we all have bad days. So how do we make small changes in order to increase our PRO level? We start with ourselves. In the midst of the chaotic moments, remind yourself to BE A PRO! It is easy to get frustrated, throw in the towel, and yell at everyone in your direct path.

I never said being a PRO would be easy. Nevertheless…

If you want to increase your PRO level – Be PROactive in the PROcess, PROcure the sale and PROtect the dealer, know your PROducts, create PROfit and PROduce a positive customer experience and relationship that will create repeat business.

  • About
  • Latest Posts
Stephanie Cooper

Stephanie Cooper

Stephanie is currently serving on the board of directors for the Ethical F&I Managers Conference.She also mentors women in the finance office by sharing her skills and knowledge to help raise a new generation of professional women.Her passion for compliance and serving the automotive industry is unrivaled.Previously, she was the Finance Manager for the Timbrook Automotive Group for almost 11 years.She worked for several of the group’s rooftops including Chevrolet, Buick, GMC, Nissan and Kia. In 2013, Stephanie was selected by F&I Showroom magazine as a finalist in the F&Idol competition for Best Vehicle Service Contract presentation and was selected by her peers as the Winner of that year’s competition.She was again selected by the magazine as a finalist in 2014 for Best Key Replacement presentation.That same year she was the only Finance Manager named to the class of 40 Under 40, Automotive News’ list of high achievers under 40 years old. She enjoys volunteering for her local church and community, traveling and spending time with her family and friends.
Stephanie Cooper

Latest posts by Stephanie Cooper

  • The Profit Is in the Process - August 10, 2020
  • Your Mindset will Determine Your Outcome - July 20, 2020
  • Be a PRO in Your Dealership - July 3, 2020

80

SHARES
Share on Facebook
Tweet
Follow us
Save
Share
Share
Share
Share
Share
Share
Share
Share
Custom
Custom
Custom
Custom
Custom

Filed Under: Blog, Dealership Business, Fixed Ops, Recruitment & Training, Sales Training Tagged With: career advice, dealer sales, dealership business, F&I training, finance management, professionals

Explore

advertising AI artificial intelligence auto dealer marketing auto dealership marketing automotive automotive marketing big data CFPB compliance consumer behavior Cox Automotive CRM customer experience customer retention customer service data dealership business dealership websites digital marketing digital retailing DMS f&i facebook finance and insurance google inventory management lead generation marketing millennials mobile mobile marketing personalization pre-owned vehicles sales sales leads search engine optimization seo service department social media social media marketing technology training vendors video marketing

Primary Sidebar

Stay Informed

  • Facebook
  • LinkedIn
  • Twitter

Explore a topic

E-mail Newsletter

Webinar Starting Soon April 21st 2021

Next Webinar April 29th 2021

Join Our Vendor Community

Register Here

Share This

LINKEDIN

Recently Published

  • Auto Parts & Accessories eCommerce: Amazon and eBay
  • Let Data Be Your Guide: Navigating an Uncertain Sales Environment
  • Interview with Assurant Global Automotive: Customer Experience Tech
  • Four Steps to Banishing Burn Out
  • Get More Traffic to Your GMB Pages with User-Generated Content

Podcast: Inside Auto with Ilana Shabtay

Podcast: Carearing with Laurie Halter

TWITTER FEED

Tweets by Dealer_Mark_Mag

Footer

Quick Links

About Us
Weekly Newsletter Sign Up
Expert Panel
Industry Events
Join Our Vendor Community
Advertising

Follow us

  • Facebook
  • LinkedIn
  • Twitter

Site Search

Copyright © 2021 · Dealer Marketing Magazine