2014 U.S. Sales Satisfaction Index (SSI) Study Results
By Jeff Youngs, November 13, 2014
Dedicated product specialists are becoming a more important part of the sales process at many vehicle dealerships, largely in response to customers' reaction to the advanced technology features with which many new vehicles are equipped. Overcoming customers' feelings of intimidation with regard to the latest technology is an important part of vehicle sales, according to the recently released J.D. Power 2014 U.S. Sales Satisfaction Index (SSI) Study.SM
The study, now in its 28th year, measures satisfaction with the sales experience among new-vehicle buyers and rejecters (those who shop a dealership and purchase elsewhere). The study measures buyer satisfaction based on four factors (in order of importance): working out the deal (17%); salesperson (13%); delivery process (11%); and facility (10%). Rejecter satisfaction is based on five factors (in order of importance): salesperson (21%); fairness of price (8%); experience negotiating (8%); variety of inventory (7%); and facility (7%). Overall sales satisfaction improves by 13 points (on a 1,000-point scale) year-over-year, to 686 from 673 in 2013.
Salesperson, Product Specialists Team Up
Industry-wide, 15% of customers indicate they worked with both a salesperson and a separate product specialist when shopping for their vehicle. This percentage is slightly higher among buyers of premium vehicles (19%) than among those purchasing non-premium vehicles (15%). Regardless of segment, overall sales satisfaction is slightly higher among buyers who work with a product specialist than among those who work only with a salesperson (856 vs. 853, respectively, for premium vehicles; 809 vs. 806, respectively, for non-premium).
"With such tech-heavy vehicles today, introducing product specialists into the sales process helps improve the delivery process and customer understanding of how to operate key features," said Chris Sutton, vice president of the automotive retail practice at J.D. Power. "Dealerships need to be mindful when dividing a customer's time between a salesperson, product specialist, and the finance and insurance representative. That's a lot of customer touch points. Adding more time to the sales process usually has a negative effect on sales satisfaction; thus, dealers need to ensure an integrated approach that respects a customer's time."
Other key highlights of the study include:
- Working with both a salesperson and product specialist is becoming more commonplace among new-vehicle buyers. When a customer works with both a salesperson and a product specialist, satisfaction with thoroughness of feature explanation improves to 8.1 (on a 10-point scale) from 7.9.
- The most important key performance indicator (KPI) in the sales process is the salesperson's ability to completely understand the customer's needs. Car buyers that participated in the study indicate that salespeople met that KPI 86% of the time. Further, meeting that KPI improves overall satisfaction by up to 104 points.
- The use of a computer/tablet in communicating the price and payment options helps drive satisfaction with working out the deal (784 vs. 770 in 2013). Satisfaction among customers who are shown pricing/payment on a computer screen/tablet is higher (827) than among those who receive this information in printed form (805), by verbal quotes (774), or as handwritten figures (764).
Mercedes-Benz Tops Satisfaction Rankings
Mercedes-Benz ranks highest in sales satisfaction among premium brands, with a score of 761, and improves the most (+33 points) from 2013. Mercedes is followed in the rankings by Infiniti and Jaguar. For a fifth consecutive year, Mini ranks highest among mass-market brands, with a score of 727--a 9-point increase from 2013. Mini is followed closely by Buick and Chevrolet. Among mass-market brands, Buick improves the most (+32 points) year over year and ranks 9th in 2014, moving up from 13th in 2013.
Based on the study, J.D. Power offers the following consumer tips:
- Especially when demonstrating a vehicle with advanced technology, salespeople should include product specialists in the selling process, working with them to explain a vehicle's features to the customer.
- Post-purchase follow-up by the dealer or the specialist will likely increase customer satisfaction long-term, and will build goodwill.
- Using computers to impart information during the sales process often makes a positive impression on the customer, although human interaction remains important.
About The Study
The 2014 U.S. Sales Satisfaction Index (SSI) Study is based on responses from 29,805 buyers who purchased or leased their new vehicle in April or May 2014. The study is a comprehensive analysis of the new-vehicle purchase experience and measures customer satisfaction with the selling dealer (satisfaction among buyers). The study also measures satisfaction with brands and dealerships that were shopped but ultimately rejected in favor of the selling brand and dealership (satisfaction among rejecters), and was fielded between July and September 2014.
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