Finance Insurance

Trading profit today for loyalty tomorrow

Greg Kostern, Johnson Automotive: "The odds of bringing someone back in as a loyal, long-term customer means you might sacrifice some short-term profit."
September 30, 2015 05:00 AM
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The gifts of gab
Since switching to a conversational F&I sales approach, Johnson Automotive has • Lifted F&I product sales from 1 to 1.5 per customer • Increased F&I revenue per new vehicle retailed by 35% • Reduced chargebacks by half • Scored close to 100% in customer satisfaction

Dealer David Johnson likes profit. But he truly values customer loyalty.

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