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Pricing Analysis System
 

More than 80% of car buyers are starting their search for a vehicle on the Internet, researching what car to buy and pricing for those cars. How you price your vehicles on the Internet is critical to the number of people that will find your vehicle and the number of people will ultimately contact your dealership regarding that vehicle. Vehicle pricing affects rank in search results on most major classified sites and will affect a potential buyer’s propensity to call you after comparing your prices to your competitors.

Most major classifieds price highest from lowest as the default search result. Having vehicles on the first few pages in these search results will generate additional leads. Many consumers will change the sort order from lowest to highest price. Having vehicles in the first few pages in these search results will generate additional leads.

Just as you may use loss leader advertising in the newspaper, loss leader advertising on the Internet will generate significant cross-selling opportunities. 78% of vehicle shoppers buy a different vehicle than the one they initially inquire about.
 
 

Some consumers will spend additional time to become more educated on pricing for the vehicle they are interested in. With large classified sites such as AutoTrader.com and Cars.com aggregating so much inventory on a single web site, the Internet is bringing pricing transparency to the automobile market enabling consumers to quickly compare pricing for similar vehicles from a broad range of dealers in their buying area. Ensuring your pricing is competitive will keep your dealership in the running for the car buyer.

 

Liquid Motor’s Pricing Analysis Service allows dealers to quickly compare their vehicle pricing to the Internet marketplace. You can easily identify vehicles that are priced out of your dealers target range, either too high or too low, and re-price those vehicles in a single step. We have the most accurate vehicle matching system on the market ensuring you are comparing your vehicle to similar vehicles. But since not all used vehicles are alike, the service allows you to drill-down to see the competitive vehicles to make sure your pricing decisions are based on apples to apples comparison.

 

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