For the small business person: How to make your marketing line up with who you really are
About this episode
Lenny Wright shares insights on aligning marketing with authentic business values, drawing from his 47 years in car sales. He discusses crafting effective radio and TV spots that resonate with buyers at different stages, emphasizing honesty and simplicity over gimmicks. Lenny highlights the importance of focusing on customer experience, transparent pricing, and building trust through personal connections. He also shares stories about unique trade-ins, customer loyalty, and lessons from dealership training programs, illustrating how genuine service and clear communication can set a business apart in a competitive market.
Email Lennie at [email protected]
four square negotiating techniques
"We don't use the crazy four square negotiating techniques that dealers, so many dealers use to deceive people. Why do they do that?"
Four square negotiating is a way car dealers try to sell cars by focusing on different parts of the deal like your trade-in, the car price, and monthly payments. It can be tricky because they try to make you focus on one part while changing another.
Four square negotiating techniques are a common car dealership sales tactic involving a worksheet divided into four sections: trade-in value, price of the new car, down payment, and monthly payment. Dealers use this method to manipulate one or more of these areas to maximize their profit, often confusing buyers.
payment buyer
"Because they can make more money on a particular type of buyer and that is somebody who is primarily a payment buyer. I mean, yeah, they'll look at the price of the vehicle and they'll look at what they're getting for their trade, but what they really zero in on is the payment."
A payment buyer is someone who cares mostly about how much they pay each month for a car, not the full price. Dealers sometimes use this to make more money by changing the loan details.
A payment buyer is a car buyer who focuses primarily on the monthly payment amount rather than the total price of the vehicle. Dealers often target payment buyers because they can adjust financing terms to increase profit even if the overall price is higher.
rebates
"Now, the advertisement that we have may draw them in, you know, because of our 55 year reputation or because of the fact that we have zero, zero, zero, you know, all these big rebates and stuff like that."
Rebates are like money back or discounts you get when buying a car. They help make the car cheaper but sometimes can be confusing.
Rebates are discounts or cash-back offers provided by manufacturers or dealers to incentivize car purchases. They reduce the effective price of the vehicle but may not always be advertised clearly.
Chevrolet Corvette
""I've got a guy right now. He's got a 2015 Chevrolet Corvette convertible.""
The 2015 Chevrolet Corvette convertible is a fast and fun car that you can drive with the roof down. It's a popular American sports car that many people enjoy for its speed and style.
The 2015 Chevrolet Corvette convertible is a sports car known for its powerful V8 engine and open-top driving experience. It belongs to the seventh generation (C7) of the Corvette lineup, offering modern performance and technology.
small SUV
"But guess what he wants to trade it for? A small SUV. Now, probably a couple of times back, he was the same guy that was driving a,"
A small SUV is a type of car that is bigger than a regular car but smaller than a big truck. It lets you see better when driving and can carry more stuff.
A small SUV is a compact sport utility vehicle that offers a higher driving position and more cargo space than a typical sedan or hatchback, while still being easy to maneuver in urban environments.
Lincoln Town Car
"Now, probably a couple of times back, he was the same guy that was driving a, I can't remember, like a 2005 Lincoln town car. You know what he wanted to trade for then?"
The Lincoln Town Car is a big, comfortable car that many people liked for its roomy seats and easy driving. The 2005 version is one of the last ones made before they stopped making this model.
The Lincoln Town Car is a full-size luxury sedan known for its spacious interior and smooth ride. The 2005 model represents one of the later years of this long-running model before it was discontinued.
Ford Focus
"You know what he wanted to trade for then? A Ford Focus. Little itty bitty car."
The Ford Focus is a small car that many people buy because it is easy to drive and doesn't use much gas. It's good for everyday driving and city use.
The Ford Focus is a compact car known for its practicality, fuel efficiency, and affordability. It has been popular worldwide in various generations and body styles.
Ford Expedition
"I may have mentioned the other day about this customer that has a, what year is that thing? 2013 Ford Expedition."
The Ford Expedition is a big SUV that can carry lots of people and stuff. The 2013 version is a newer model with good space and power.
The Ford Expedition is a full-size SUV known for its spacious interior and towing capacity. The 2013 model is part of the third generation, offering modern features and a powerful V8 engine.
used car appraisal
"So what my used car manager did is he appraised it. He looked at the value of that vehicle with a good engine and then subtracted the repair bill or the repair estimate"
Used car appraisal means figuring out how much a used car is worth by looking at how good it is, how many miles it has, and what it might cost to fix.
Used car appraisal is the process of evaluating the value of a used vehicle based on its condition, mileage, market demand, and repair costs. It helps determine a fair price for buying or selling.
remanufactured engine
"that my service department said it was going to cost to put a, not a re-manufactured engine, but actually another used engine in this vehicle."
A remanufactured engine is a used engine that has been fixed up with new parts and tested to work like new. It costs more than a used engine but is safer to buy.
A remanufactured engine is an engine that has been disassembled, cleaned, repaired or replaced with new parts, and tested to meet or exceed original specifications. It is more reliable than a used engine but usually costs more.
used engine
"that my service department said it was going to cost to put a, not a re-manufactured engine, but actually another used engine in this vehicle."
A used engine is an engine taken from another car that has been driven before. It can be cheaper than a brand new engine but might not last as long.
A used engine is an engine that has been previously installed in another vehicle and is reused instead of buying a new or remanufactured engine. It is often a cost-saving option but may have unknown wear or limited warranty.
salvage yard
"...So I called a salvage yard. I mentioned this the other day and they said, yeah, we'll give $1,500 for it."
A salvage yard is like a car recycling place where old or broken cars are sold. People buy these cars to take parts from them or to recycle the metal.
A salvage yard is a place where damaged or end-of-life vehicles are sold for parts or scrap. They often buy cars that are no longer roadworthy or economically repairable, offering a price based on usable parts or metal value.
Oldsmobile
"I had just become an Oldsmobile dealer and Oldsmobile was trying to be like Saturn."
Oldsmobile was a car company that made cars in the US but stopped making them in 2004.
Oldsmobile was an American automobile brand owned by General Motors, known for producing a range of cars before being discontinued in 2004.
Saturn
"You remember Saturn? That was a, well, you know, at first it was a successful experiment for General Motors."
Saturn was a car company made by General Motors that tried new ideas like selling small cars and paying salespeople differently.
Saturn was a brand of cars created by General Motors as an experiment to offer affordable, small cars with a unique sales approach, including no commission for salespeople and plastic body panels.
Chevrolet Cavalier
"They had decent little cars, basically a Chevrolet Cavalier that looked different."
The Chevrolet Cavalier is a small car made by Chevrolet that some other cars were based on.
The Chevrolet Cavalier was a compact car produced by Chevrolet, often used as a base model for other similar vehicles, including some Saturn models.
plastic body panels
"It had plastic body panels on the outside, which was unusual."
Some cars have outside parts made of plastic instead of metal, which can make them lighter and less likely to get dents.
Plastic body panels are car exterior parts made from plastic instead of metal, which can reduce weight and resist dents but may have different durability characteristics.
no commission salespeople
"Like I said, small cars in a unique looking dealership with salespeople that were not paid on commission."
Some car sellers get paid the same no matter how many cars they sell, so they don’t push you to buy.
No commission salespeople refers to a sales model where car sales staff are paid a fixed salary rather than earning commissions on sales, aiming to reduce pressure on buyers and improve customer experience.
delivery center
"They had a delivery center in the middle of their showroom, which was duplicated many times over since then."
Some car stores have a special place where you get your new car when you buy it.
A delivery center in a car dealership is a dedicated area where customers receive their new vehicles, often designed to enhance the buying experience.
team building
"But you had to go there and go through this experience where you would climb in trees and swing off of ropes and do all kinds of things in the spirit of team building."
Team building means doing fun activities with your coworkers to help everyone work better together.
Team building refers to activities designed to improve social relations and define roles within teams, often involving collaborative tasks and exercises.
car dealership
"in a car dealership, for example, a customer has to bring their car back more than once to get the same problem fixed."
A car dealership is a place where you can buy cars and sometimes get your car fixed or serviced.
A car dealership is a business that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary. They often provide maintenance and repair services as well.
Request an Explanation
Heard something you'd like explained? We'll add it to this episode.
Sign in to request explanations for terms you heard.
Want to learn more?
Browse our glossary for plain-English explanations of automotive terms, jargon, and concepts.
Help improve this episode
See something that's not quite right? Our annotations are AI-generated and can sometimes miss the mark. Click the flag icon on any annotation to suggest a correction.