The Experiential Market

Riding is all about the experience - and it’s meant to be. No one wants to park their bike in the garage - they want to get out and ride it. Which is why you have to make the buying of a bike about more than just the initial purchase - it’s about helping future riders imagine themselves living the lifestyle that comes with the bike. And this is becoming more important as millennial consumers make up more and more of the marketplace. As a whole, this demographic is focused more on experiences over actual product - so helping them understand the lifestyle that comes with their bike is key.

There are a lot of ways that buyers can choose to pass their time - the fact that they’ve decided to buy a bike puts you in a good spot - now it’s your job to help them transition into this new lifestyle as seamlessly as possible. Here are a few ideas to get your gears turning:

• Offer a first time riders program that allows them to get to know other riders in the area, while getting to know their new bike. 

• Put together a group ride to a local hotspot for dinner or drinks (responsible quantities only). 

• Develop a brand ambassador program for customers who are willing to promote your brand in exchange for designated time in your shop to maintenance their bike. 

• Host a ride-in at your dealership for the Super Bowl, complete with all the tailgate necessities.

Just a few suggestions to get you started. Whatever you decide - by providing your customers ways to easily experience and adopt the lifestyle, you are building a brand for your dealership that extends beyond just selling - and that’s how you keep customers coming back again and again. So as you think about putting the effort in on the front end, ask yourself - do you want to sell just this one bike or do you want to sell 2 or 3 or 4?

Did You Know You Have Two Dealerships?

Don’t act so surprised - it’s true. Of course, there’s your physical location - the place you probably spend most of your time and energy - but, whether you realize it or not, you also have an online dealership that requires just as much time and attention. When you think about how consumers are searching, relying more and more on the Internet - it’s clear why you should be putting just as much time into your online presence as you do your physical one.

Potential buyers are checking out your inventory online long before they step through the doors of your dealership - meaning they are experiencing your brand before you even know they exist.

Let that sink in.

If you aren’t putting the effort into your listings, it will show - and no matter how good your customer experience is at your physical dealership - buyers may never get to experience it, because they won’t be interested in visiting.

These new Internet savvy shoppers use your online presence to judge what their experience will be like when they come to your shop - which means you should be putting just as much effort, if not more, into your online presence. It needs to be complete and truly reflect the experience they will have if they choose to do business with you.

There are a lot of ways to accomplish this - but let’s just start with the basics. You should always:

1. Include a price (when you can)

Everyone has a budget - I do, you do - and guess what, so do your potential buyers.

No one likes to find exactly what they’re looking for and then find out it’s way over what they can spend. We get that there are rules about how you price new models - but always, always, always include something - even if it’s MSRP. As for used inventory - there’s no excuse. Put a price. Plain and simple.

And just to drive this point home - when we asked them directly - 90% of consumers said they won’t even click on a listing that doesn’t have a price. So if you don’t include a price, your really might as well not even putting that piece of inventory up.

2. Put up real pictures

People are visual. They like to see what they are going to be getting for their money, good and bad. If the bike has a scratch or issue - go ahead and show them that. Even though it might not seem like it - by being honest up front with a buyer about any issues the bike has, you’ll go a long way in gaining their trust. If you choose not to be upfront with them about any damage - you’re setting yourself up to provide them with a bad consumer experience if they do come see the bike in your shop.

Now, we understand this is easier said than done. So while we don’t encourage stock photos, we would say that they are better than none at all.

3. Remember that descriptions are actually important

Again, these buyers are dreaming about this next bike. This is a passion of theirs - so fuel it. Encourage it. As you write your descriptions - provide them with a nice mix of practical and lifestyle. Don’t use manufacturer descriptions - sure, you’ll want some of the practical details included - but spend some time telling them why riding this bike is amazing, why they can’t miss out on it. The goal of your description should be to make it impossible for the buyer to not come try the bike out for themselves.

We realize that by following this advice - you will have more work to do - but we promise you it will be worth it. Your consumers will know before they step onto your lot what type of experience to expect and already have a basic level of trust for your dealership - and that is worth all the time and effort you’ll put in. And if you need something to get you started - download our Listing Success Checklist for quick reference on how to build strong, attractive listings.

Help Us, Help You.

As we build up the content we’re providing to you - we want to make sure it’s as helpful and educational as possible. Tell us a little more about what kind of content you’d like to see, so we can produce more of what you want - and less of what you don’t.

The Cycle Buyer: A Deeper Dive Into Communication Expectations

Obviously - we all want to better understand the cycle buyer. The more we know, the more effective we are in positioning your inventory to them. Lucky for you - Cycle Trader has the ability to run custom surveys to asks these buyers our most burning questions - and because we like you - we’re going to share what we’ve found.

To start off - we asked buyers about how they prefer to hear from you, the dealer, once they’ve submitted a lead. So - here we go:

54% prefer to be contacted via email.
65% would like a response back within the same business day.
45% will wait one day for a response before they move on.
52% will contact another dealer if they don’t hear back in a timely manner.
Once a dealer contacts them - 71% plan to have the keys within a week.

24 hours - how dare you! would be how we would sum up these statistics. These buyers are motivated - and the longer it takes you to get back to them, the more likely it is they are going to head down the street to your competition.

They want to hear from you because they’ve done their research and are ready to buy. If you don’t prioritize helping them, they will move on because at the end of the day, their top concern is not whether they get their next ride from you or the other guy - they just want to get out and ride.

Bottom line - these leads are yours to close. Get back to these buyers - and soon - because they are yours for the taking.

SEM 101

SEM 101

Search Engine Marketing - or SEM - has become an increasingly popular way to target consumers in your local market. Often referred to as paid search - these campaigns run across all of the major search engines, are incredibly customizable, and should be considered as part of a well-rounded digital marketing strategy.

While Pay-Per-Click campaigns are likely the most well-known type of paid search - there are other varieties that could peek your interest and be a good fit for your dealership. Since this is our 101 guide - we’re going to start by giving you an overview of each type of SEM campaign to help you get a firm understanding of how they work individually and together.

Pay Per Click

The most recognizable type of SEM campaign is a Pay-Per-Click or PPC campaign - you’ve likely seen one of these ads today. When you search for a product or service in Google, for example, PPC ads display at the top and bottom of the search results. They are distinguished from other search results by a small “Ad” icon. 

What differentiates Paid Search ads from the other organic search results is that advertisers pay for each click on one of these ads - where you don’t have to pay for a click on an organic search result.

PPC campaigns are built on keywords, ads, and landing pages. Once you’ve identified keywords your customers might use to search for your products - you can bid on these keywords and have your ad displayed when a potential customer searches for one of these terms. You will be able to write custom ads that are relevant to these keywords and choose the webpage that these searchers will land on if they click on the ad.

Display Ads

Display ads are another option when it comes to paid search campaigns. These ads are more traditional banner ads - rather than a designation on a search result - and allow you to target ads to an audience that has been identified as in-market or that show an affinity for certain products or services that you offer. To give you a real life example - since I spend a lot of time on automotive related sites - I’ve been identified as someone who is interested in possibly selling my car - and ads for Kelley Blue Book - are now displaying as I’m checking the weather on weather.com. 

Remarketing

Remarketing is also powered by banner ads and allows you to target past visitors to your website. Once a potential buyer has left your site - these ads follow them as they browse other sites or do subsequent searches related to your products. I’ve been searching on Amazon - and left that site to check the news on CNN.com – and right there on CNN.com, I see an ad encouraging me to return to Amazon to check out additional products.

And because we always want you to fully understand that value of your partnership with RV Trader - we want to reassure you that we have active campaigns in each of these SEM categories - all with the goal of driving potential buyers to your listings. RV Trader has a strong reputation with search engines and a dedicated team - all with the various certifications to qualify their expertise - focused on constantly improving these results. As we grow and hone our efforts - as a customer, your dealership will also benefit with the major search engines. Rest assured that we are always looking for the latest and most innovative ways to drive connections to you. And that’s just an added perk of being online with us. 

Search is King…

...Are You Optimized? 

Search Engine Optimization can seem daunting - but with more than 3.5 billion searches per day on Google alone - it’s an important part of any well rounded digital marketing strategy. To get you started, we’ve compiled 7 helpful tips that will get you started.

1. Never forget that your website is your storefront

Search Engine Optimization begins with your website. It represents your business as a whole and it’s perceived on the worldwide web. The purpose of your website is not only to share your available units - but also rank well within Google’s search results so Internet users can find their dream bike.

A few quick tips:

• 400 words on your homepage at a minimum
• Include all of your dealership addresses, telephone numbers, and cities you serve
• Optimize your metatags: title tags, H1, meta description to emphasize your dealership OEM inventory
• Include a search bar and social sharing plugins to improve your social media marketing efforts

2. Develop a content strategy that focuses on your core business.

Blogs and news sections are great ways to keep users engaged - especially when you’re providing them with helpful content relating to your product. So, for instance, if your customers are avid travelers - write about popular rides or have them share upgrades they've done to their bike with you.

Weekly blog entries of around 350-500 words are a great way to get started - but keep in mind that longer articles with relevant details do tend to rank higher in search results. And no matter what - make sure to always tailor your content to your audience: bike enthusiasts.

Topics may include:

• Local meetups
• Motorcycle events
• Motorcycle maintenance
• Motorcycle reviews 

3. Develop your Google My Business page
Google provides a local business page, which is a quick and easy way to put your business prominently within Google’s ever-growing search results. Additionally, these listings ensure your company has the correct information online, making it easier for individuals to find your dealership and view your available inventory.

4. Tell search engines your website sells bikes with schema/rich snippets
Schema mark-up is additional code on your website which not only allows search engines to index the text on the website pages, but also comprehends what they mean. It provides labels to items on the page. This allows you to identify you site as one that sells bikes, rather than a content website which just writes about them.

5. Build up your citations - and no, we are not talking about traffic violations.
Web citations are mentions of your business name on the web and serve to enhance your web authority, reputation - and ultimately, consumer trust. These citations speak volumes to the search engines and will help your website rank better, improving your overall web presence. Taking advantage of Facebook, LinkedIn, local business directories, and Yelp will give you citations and expand your online reputation.

6. Understand where your traffic is coming from
Regularly checking reports to identify your top landing pages, keywords, and referrals driving your traffic can help your business tremendously. Understanding your analytics will give you incomparable insight into how consumers are getting to your website and where they go once they get there.

7. Make sure your site is ready for the mobile revolution
A mobile-friendly website allows users to view your website and inventory no matter what device they prefer. On Cycle Trader - we have found that 55-60% of all web traffic visits are accessing our site from mobile devices - and we image they are coming to your site the same way. Site speed and design are key factors in keeping your users engaged, allowing them to quickly and easily navigate your website to find their next bike.

By implementing some of these tips and tricks - you’ll be well on your way to an effective SEO strategy, taking away most of the guesswork and inevitably helping your online marketing efforts.

And just so you know - Cycle Trader spends a lot of time and effort optimizing our listings for search engines - so we’re already doing some the heavy lifting for you. So even if you don’t have an SEO expert in-house, you can rest easy knowing the we’ve got you covered - and motivated, potential buyers will still be finding your inventory through Cycle Trader.

The Future of Digital Marketing is Not a One-Size-Fits All Strategy

There are so many ways to advertise your dealership in today’s digitally driven marketplace. So, how do you decide what will work best? Should you lead with a social-first strategy, invest all your money in Google Adwords or focus on a tried-and-true traditional media campaign?

And the answer is (albeit potentially expensive), a little bit of everything. A well fleshed out digital marketing strategy is made up of a mixture of these things, simply because consumers have come to expect it. They rely on a variety of resources when searching for an bike — wanting to hear thoughts from friends and family, see what Google reviews have to say and checking out the best pictures of a unit to truly get a feel for a particular unit.

Managing their increased expectations and getting in front of them early and often isn’t something you have to do alone. OEMs have always supported their dealer networks in a variety of ways to drive more sales and grow market share. And now, more than ever, it is critical for OEMs to expose their brand and products to consumers in the digital world. Manufacturer websites have aligned their marketing to better feature their products and educate potential customers on their brands. Social, mobile, and digital media strategies need to synchronize efforts to reach new prospects and continuously engage existing customers.

This is a lot to think about, but the biggest thing to take away is that you should try to put your dealership and the brands you carry in front of the consumer in as many ways as possible. You want them to run across your dealership regularly — so that either consciously or subconsciously, when they are ready to purchase you, and the inventory you carry, is top of mind. So immerse yourself and your brand in the digital marketplace — guaranteeing a consumer knows who you are and what you offer.

Ghost Customers: What exactly are they... and why should you be aware of them?

You may have heard the term “ghost customers” before, but what exactly does this term mean? To put it simply, a ghost customer is equivalent to a ‘mystery shopper’. These hired, anonymous shoppers essentially visit businesses (both in person and online), acting like interested customers, who then report back with ratings of customer service and experiences with the business. In order to properly judge their thoughts on a company’s customer service, they often frequent the store, visiting a business multiple times. These ghost customers are used in nearly every marketplace — the question is, do they fit in the motorcycle industry?

The answer is, without a doubt, yes. A growing company, Pied Piper uses a unique and patented process to evaluate a business’ prospect satisfaction, and focuses many of their studies on the automotive and motorcycle industries. A recent article on the company in Powersports Business featured the results of Pied Piper’s 2017 Motorcycle Industry Study, which was conducted over the course of 9 months and utilized nearly 2,000 anonymous shoppers. Countless motorcycle dealerships across the U.S. were analyzed for customer service, and numerous findings were published, including the fact that BMW dealerships ranked the highest in this year’s study.

However, Pied Piper’s president and CEO, Fran O’Hagan, warns that online customer service is becoming more and more important in the motorcycle industry. According to O’Hagan, since the majority of motorcycle buyers’ research and information gathering happens online, the number of visits a customer makes to a dealership before making a purchase is dropping nearly twofold. Recently, the majority of studies have found that an average of 4+ visits before a purchase has dropped to 2 or less in 2017. O’Hagan went on to explain that the most successful motorcycle dealerships combine a number of customer service approaches, but all tend to respond relatively quickly to customer inquiries that come through various online portals. Examples of some of these portals may include a dealer’s website, social media profiles, or Cycle Trader listings.

What’s the point? 

At the end of the day, two things are important to remember. First, since ghost and mystery shoppers are just that - a mystery - they are virtually impossible to target, and you can pretty much say goodbye to trying to figure out who they are. Our advice? Treat every single customer like they are a ghost shopper sent by satisfaction ranking companies, and give them your all when it comes to service and commitment to quality. This may seem like common sense, but rather than reminding yourself to “do the best you can” every day, approach each customer like they are the ones who are going to determine your ultimate customer ranking for this year.

Second, but just as important, is to remember to give as much attention to your customer service online as you do to those people who walk through the doors of your dealership each day. You wouldn’t wait hours or days to respond to an inquiry from a potential buyer on the phone, or in person, so why would you do that to prospects online? Check your Cycle Trader TraderTraxx platform daily, and make it a habit to field questions and answer inquiries. Check-in with your social media platforms as often as you can, as many buyers can and will find you through shared listings and posts by friends.

Above all, though the idea behind ghost customers can be intimidating, don’t let their presence make you uneasy. These essential and helpful customer service ‘surveyors’ can help keep your business and staff on its toes, hopefully ending in even better customer service each day than the day before.

In Case You Missed It: July Moto News

Cycle Trader is your go-to when it comes to finding resources to sell your inventory and keep up-to-date with best powersports business practices — so why not come to us as your ultimate resource on all other things motorcycle news-related? To keep you informed with moto industry news, new product launches and upcoming model reviews, here’s a recap of some of July's most viral cycle stories. 

Check them out and see which story you think was the highlight of this month.

Rumors began that Vice President Pence may attend AimExpo

Image: Dealer News

Rumor has it that Pence may address the motorcycle industry at this year’s AIMExpo in late September, according to trusted MIC sources and event leadership. The Vice President would be delivering the keynote address, but only time (and us, since we’ll be there) will tell if the whispers are true.

Cycle Trader introduced the revolutionary new Price Analysis Tool

The new tool for dealers, housed in Cycle Trader’s one-of-a-kind inventory management platform ‘TraderTraxx’ allows dealers to finally gain an accurate snapshot of pricing trends across the country and local arenas. Using the tool, dealerships will now be able to better determine a fair, competitive purchase price for buyers, taking the guesswork out of deciding on the best price for a unit. 

MV Agusta unveiled their special edition Brutale 800 America, and it might be one of the most American things we’ve ever seen

Provoking a feeling of nostalgia and honoring the 1970’s Americana classic Brutale 800 range, 

the new model comes with the 3-cylinder it’s fans know and love… with the added allure of a “star-spangled banner” motif.

Suzuki announced an expanded motorcycle and offroad lineup for 2018

Presenting almost 20 new models, the new lineup includes motocross, street, offroad, dual-sport, and Supermoto bikes, plus new youth ATVs and King Quads. 

Click to link above to see the full lineup of Suzuki’s new 2018 offerings.

A stunning special edition Ducati Diavel Diesel lineup was unveiled in NY

Image: Powersports Business

Earlier in the month, an event at Classic Car Club Manhattan housed the unveiling of a limited edition Ducati Diavel Diesel series, a line produced from a partnership between Ducati North America and Diesel, an Italian design house.

Described in Powersports Business as “post-apocalyptic,” 

only 666 units will be available for the coveted luxury line.

BRP vice president announced his retirement after 22 years with the company

After over two decades with the Marine Propulsion Systems Division, executive leadership team member Alain Villamure is set to close the curtain on his time with BRP.

Indian presented their unbelievable 2018 Scout Bobber lineup

Minimalistically styled, the new lineup is said to pay homage to the motorcycles that graced the years of ‘America’s post-war past.’ Complete with sleek black machinery styling and two-tone leather seats, the units are said to become available to dealers in late September of this year.

A Harley dealership is set to open across the street from Wrigley Field

The Chicago Business Journal recently reported that plans were in place for Fox Motors to open a Harley-Davidson dealership in the Addison & Clark complex, conveniently located just yards away from Chicago’s famed stadium. With special events already being planned for the dealership’s first year in business, its doors are said to likely open sometime in 2018.

An Arizona Vietnam War vet got his Slingshot fixed - for free 

Image: Apache Junction Independent

Arizona Kawasaki honorably repaired the veteran’s Slingshot free of charge, even customizing it with the vet’s airborne brigade insignia. Click the link above to read the patriotic and inspiring story.

Kawasaki filmed a commercial in Harley’s hometown, and it made people super uncomfortable 

While the manufacturer garnered a permit to film in multiple intersections on streets across the U.S., 

things got a little awkward when they decided to shut down a street in Milwaukee — 

the birthplace of Harley-Davidson.

We’ll be back in August with more top highlights, but in the meantime,

 you can stay up to date by clicking here.

Dealership Hosting College's Moto Maintenance Certification Courses

A recent article from Powersports Business has reported that a New Hampshire Harley-Davidson dealer is set to begin hosting training certification courses for a local community college this fall.

Great Bay Community College (GBCC), based out of Portsmouth, New Hampshire, offers a 24-week course resulting in a Certificate in Motorcycle Maintenance and Repair Technology. Seacoast Harley-Davidson is sponsoring this year’s students, and is currently working on putting together a lab-type environment for the students to use for classes. Together, experienced motorcycle technicians from Seacoast and instructors from GBCC will help students develop the skills and experience necessary to obtain a job in the ever-evolving and challenging world of motorcycle maintenance, repair, and more.

According to Seacoast, this type of dealer-sponsored program is the first of its kind to their knowledge, and is setting a standard when it comes to opening doors for the next generation of workers to dive into careers in the motorcycle industry.

Will Arvelo, current president of GBCC, explained to Powersports Business:

“As with many technical occupations, connecting employers with the next generation of skilled workers is an important priority that requires working together and creative thinking. We appreciate and enjoy when local businesses - such as Seacoast Harley Davidson - take initiative to help create training opportunities that enable students and businesses to thrive, because it’s precisely why GBCC exists in the first place."

While the concept of these types of partnerships is largely new to the industry, the idea could be revolutionary when it comes to turning the tides on the number of people interested in starting careers in the motorcycle world. Would your dealership be interested in a program like this? Do any colleges offer motorcycle-related courses near you? Comment and let us know.

Click here to read the full article from Powersports Business on the business-education partnership.

Prepping for the Mobile-First Market

Mobile devices have changed how we use
the Internet and Google has taken notice

Google is the largest search engine in the world. They process 77% of the world’s search traffic1  — 63% of U.S. search traffic1  — and lately, they’ve noticed a big trend that is about to shake up the way they rank your site in search results.

Google’s business model is dependent on directing searchers to the most relevant and helpful results — and they do it better than any other search engine. To do this, they use special algorithms, designated groups of questions and statistics, to evaluate a page based on a number of elements such as page load time, keywords, and user engagement rates. If a user has a poor experience with a page that Google sent them to, they will ‘bounce’ out of the page and look somewhere else. That’s bad for Google, which means it’s bad for your site too. Go ahead and say goodbye to that potential customer because 61% of consumers say they are unlikely to return to a site that they had difficulty using.2

Where Does Mobile Come In?

Over the last few years, Google has seen the number of mobile visitors overtake those coming from desktops. As visitors become continue to be glued to their mobile devices, they search more often while they’re out and about - and less while tied to their desks. This has raised a massive problem for Google and searchers alike.

Websites built for traditional desktop users — or websites that were carelessly converted to be ‘mobile-friendly’ at the cost of losing content  — don’t provide a seamless experience for the mobile searcher. These on-the-go consumers are clicking through links on Google and becoming frustrated by pages that don’t display well, don’t contain the information promised, or flat out don’t work on mobile devices. Right now, it’s not a big deal because Google’s current algorithms are based on the desktop experience and don’t take mobile friendliness into account,, but that’s about to change.

The Solution? Mobile-First Indexing.

To make sure searchers are getting the content they were promised, Google began to experiment with new algorithms that look at the content and experience in mobile websites before looking at the desktop experience. Websites with mobile content relevant to the users search term will start to increase in rankings while desktop will fall second. Now, once the algorithm is programmed, users will be less likely to become frustrated by missing or pointless content when they are browsing on a mobile device. Less irritation for users means more trust for Google and increased engagement on your site.

What Does this Mean for You?

Google’s Mobile-First Indexing changes, once fully implemented, will be a boost for your dealership if you already have a mobile-friendly website. Sites like Cycle Trader optimize their site, and your listings, for mobile users and will adjust based on the device being used to search. Your listings will get ranked higher on Google than competitors without a mobile presence or with a poorly designed mobile experiences.

If your page isn’t responsive or you are missing content in your mobile site, your listings will become much harder to find on Google — even if the majority of your users are browsing from the desktop. While search engine optimization and targeted search engine marketing services, such as those offered by Cycle Trader, can help you from falling off the search results completely, your site will ultimately rank behind competitors with similar content and mobile-friendly sites. The bottom line — mobile optimization is crucial at this stage in the digital game.

What can you do?

Google is looking to release Mobile-First Indexing sometime this year. The rumor mill suggested that changes were happening on July 1, 2017, but we now know changes won’t take effect until 2018. From Google’s advice, the number one way to prepare is to take the time to ensure the content you want to rank highest in search results exists on your mobile site and is easy to use. Fortunately, by listing your inventory with Cycle Trader, your content is shown on the leading responsive web platform and is available to 2.7 million monthly unique visitors.3 Your inventory listings will rank higher in Google search results than competitors not following the algorithm set forth by Google  — and that means you’ll be moving more metal  — and quicker.

While Cycle Trader will do much of the leg work for your listings, your dealership website is still extremely important. Your website serves as an extension of your dealership — so, if your website is a mess, a potential buyer might assume that your physical location and customer service is too. Savvy website providers will build your website from the ground up to be mobile-friendly and compatible with Google’s big changes — so keep that in mind when you choose who to work with. Remember, 61% of consumers are unlikely to return to a site that they had difficulty using. Don’t let your dealership’s site and inventory become part of that statistic.

1www.smartinsights.com, 2017.

2 Google Surveys, 2016.

3 Omniture, 2017.

Let’s Talk About Price

I've heard them all — all the reasons not to include a price on your listing, including...

It encourages consumers to call

We don’t want to show price on new units

We might be able to offer better deals in the dealership

I’m concerned my prices aren’t competitive in my market

But despite the excuses - I’ve never really understood why you wouldn’t include a price. It seems pretty clear that having some type of price, even if it’s just MSRP, on your listings is probably the most important thing you can do to attract customers.

At first, I thought I was the only one who felt this way — but the results say I’m not. On Cycle Trader, listings with a price get 19 times more clicks than those without a price.1 And it’s because consumers are naturally skeptical — so if a dealer won’t include a price on their listing, they feel like the deal may be a bait and switch. You have to remember - it’s not personal for these buyers. They are looking for their next bike at the best price — and if you don’t want to share that information with them when and where they want it, they are more than happy to find another dealership that will.  

Still not convinced? Let’s look at it a different way — would you share the price with a buyer who walked into your dealership? Of course. It feels a little crazy to even ask.

You want them to buy it — and to decide they want to buy it, they need to know how much it costs. Using that same thought — if your online listings are a digital extension of your showroom — you shouldn’t withhold the price there either. You want to provide a consistently good experience, no matter how a consumer chooses to check out your inventory.

So now that we’ve(hopefully) convinced you to include a price on all of your listings you should know we can also help you be strategic about what that price should be. The Cycle Trader TraderTraxx platform now includes the Price Analysis Tool — which shows you the median price of your specific inventory in both the local and nationwide market — giving you a real-time snapshot of how your prices compare. So c'mon - put prices on your listings. There is no reason not to.

1www.smartinsights.com, 2017.

2 Google Surveys, 2016.

3 Omniture, 2017.