aBr November 2014 | Page 55

South African Automotive Week Eyes on the Site The South African Automotive Week launched with a breakfast for media and guests organised by Gumtree, South Africa’s most powerful classified online site, which used the opportunity to introduce their latest online tool, the Gumtree Auto Inventory Tool. J This will, Osborne says, grant you the ability to control stock levels for ordering or redistribution better, as well as improve efficiencies across the board. eff Osborne, head of Gumtree Auto, kicked off the breakfast with the comment that in the past the mantra for success for an automotive dealer was “feet in the dealership”, whereas today it is “eyes on the site”. He continued in this vein by saying that 40% of Gumtree’s traffic is automotive, and that 80% of the postings came from the automotive industry, rather than private postings. They are using this avenue because in the modern hectic world, time is at a premium. “Research has always been part of a high-value purchase process, such as a car, and the online world makes it much easier for customers to conduct price and stock comparisons. That is also why research tells us that consumers will visit an independent sales platform and circumvent a manufacturer or dealer site – they want to compare different brands and alternatives, but also second hand and new vehicles, find out about accessories, and of course hunt for bargains”, he adds. Today an average dealership is spending from R40 000 to R50 000 per month on classified ads, but with mixed results. The problem with many of the sales platforms are that dealerships end up with very little control over their spending and even their ads. “The vast majority of these sites are monetised, and can be quite pricey, but they offer virtually no autonomy to dealerships,” says Osborne. “Contracts are usually annual and fixed, which leaves no room for the natural ebbs and flows in the sales year and can lead to overspending or under-utilisation. They are also usually unable to do what most other retailers can do with ease – pull analytics from the site to find out which vehicles perform better in which area, which keywords elicit the best responses, and which inventory levels need to be adjusted and where.” Osborne says that choosing a tool that provides greater control and creativity goes a long way towards improving a dealership’s sales – and other fringe benefits. “Ideally, opt for products that can actually demonstrate a return on investment and allow for adjustments – that way you can control your spend, your marketing efforts and your inventory in such a way that you aren’t only selling online, but also using it to manage offline efforts optimally.” Gumtree has the largest inventory of vehicles for sale online and Osborne says that the Gumtree Automotive Inventory Tool (GAIT) has been well received by most dealerships, even though it is an entirely new way of operating from the platform. All in all, I think dealerships realise that a better online management system reaps huge rewards and ultimately ups their game,” he says. “We expect this “Ideally, the control should lie with the dealership because it improves the experience for everyone involved. Using an online sales platform should you enable you to add visual overlays, such as your logo, or promotional phrases (e.g. 20% off until Saturday!) to images, but also should grant you the ability to pull real-time analytics from the site – a snapshot of your inventory, leads, and responses.” | words in action 53 november 2014 to have a significant, positive impact on the industry as a whole. More on this exciting new online product in future issues of aBr.