New
Functionality Through Power Search More than
two years in development, Power Search is based on
the philosophy that what’s good for the shopper
is also good for the seller. Visitors to AutoTrader.com
can now use the Power Search function to compare new,
used and certified pre-owned vehicles. In addition,
new car buyers can see inventories from more dealerships
than ever before.
A Successful Collaboration
Realizing the potential of the For Sale By Owner (FSBO)
market, AutoTrader.com and Trader Publishing, Inc.
double-teamed in 2005 to develop innovative ways to
reach these sellers. An aggressive advertising campaign
promoted the value and effectiveness of combining
online ads with print ads when individuals sell by
owner. The result has been a 35 percent increase in
AutoTrader.com’s FSBO revenue.
Bring on the Blitz One
of AutoTrader.com’s most successful sales initiatives
is its regional Sales Blitzes. In four key markets
each year, a team of top salespeople descends on a
city after the market has been blanketed by non-stop
AutoTrader.com brand advertising. In 2005, this blitz
strategy drove in an additional $10 million in annualized
revenue by creating heightened market awareness and
increased energy and sense of urgency throughout the
company.
One Call Does It All Building
long-term relationships between the customer, the
salesperson and the service person has always been
a cornerstone of the AutoTrader.com strategy. In 2005,
the company upgraded its customer service process
to a “one call does it all” model by implementing
Team-Based Account Management (TBAM). With the goal
to make it even easier for customers to do business
with AutoTrader.com, the company has added new personnel
and provided coaching and training for existing staff.
Now, one call is truly doing it all and doing it better
for customers.
Training
Gets The Job Done In 2005, AutoTrader.com responded
to what its employees said they wanted most: more
training and development tools. The company’s
new Performance Management Process more clearly identifies
and communicates success factors for each employee
in a specific job, as well as explains how the individual
employee contributes to the success of the entire
company. Through the development of AutoTrader.com
University (ATCU), the company has met requests for
more training by providing a strong corporate curriculum
that offers high-quality, innovative learning experiences
to individuals, teams and managers.
|