Categories
Dealership Training

Training: Ensuring the ROI

Steve Roennau Vice President Compliance EFG Companies
Contributing Author:
Steve Roennau
Vice President
EFG Companies

There’s not a dealer in the powersports industry that doesn’t wrestle with the concept of training! Everyone agrees that training is necessary to run a successful, profitable, efficient and ethical dealership operation.  However, the spectrum of dealers’ commitment to training is wide in the retail powersports space. Even the dealer that is committed to training struggles with things like:

  • Why pay to train someone who’s just going to leave? 
  • It’s difficult taking income-producing team members off the floor, desk, or drive for an extended period of time. 
  • I can’t determine if training is actually making a difference to my bottom line.
  • I can’t get my managers to see the value. My dealership runs a certain way and they don’t want to have to re-train team members after a training course that is counter-intuitive to the way we operate.
Categories
Dealership Training

Selling WHY – Not What

Glenice Wilder Vice President EFG Companies
Contributing Author:
Glenice Wilder
Vice President
EFG Companies

When presenting F&I products, are your F&I managers focusing too much on the product details? How’s that working for you? Are you happy with those product penetration rates?

Think about when you review long lists of information, you start to tune out, right? The same thing happens when F&I managers approach a product presentation from the standpoint of selling what the product does. Tallying off coverage levels, terms, systems, and parts is the fastest way to disengage from the customer and get them watching the clock instead of listening to the presentation.

At EFG, we teach professionals to approach the F&I product presentation from the standpoint of WHY. Why should a customer purchase a certain product? How does it benefit them? You could say that the product benefits customers by listing off everything it covers, but once again, that long list isn’t directly relatable to most customers.

In order to sell WHY, you must understand the customer’s riding habits, as well as their wants and needs for their motorcycle.

  • How long do they keep their motorcycles?
  • Does the customer live in a city or a rural area?
  • How often do they participate in long rides?
  • Do they ride across country or stay in their local area?