Need to Buy
Friday, November 14th, 2008The Big 3 needs a bailout. The COO for Best Buy has declared that this is “the most diifficult (economic) climate” he’s ever seen.
Both Automotive and electronic retailers have lost their “want” buyers. In these times, consumers are cutting back, only buying what they need*. So unless it’s broke, no one is buying.
However, the Automotive industry does have a built in advantage. Leases. When a lease is over, people need to get a new car.
What are you doing to keep the customers that have already leased from you? Remember it is easier to keep a customer than it is to get a new customer.
Here’s how you keep customers. Don’t nickle and dime them on service and parts. Then, when the lease is up, give the customer a real value for keeping his or her business with you.
* It can be argued that no one really needs a car or a TV to live. But in the majority of consumers’ minds these are items that they need.


Lists are important. They remind us of the stuff we too often forget. Lists help us remember to buy eggs at the grocery store or to pick up the dry cleaning on Thursday.




