Jeremy Anspach is the founder and chairman of PureCars, a company that provides marketing automation and business intelligence to auto dealers. In his presentation, he argues that digital advertising reporting is flawed because it lacks context about factors like inventory stocking, vehicle merchandising, and market conditions. He says attribution has become complex and can no longer be viewed as just first or last click. To make reporting more useful, dealers need integrated signals about stocking, merchandising, and how their inventory compares to market shifts. With these insights, dealers can make smarter advertising buys that sync with their inventory to maximize sales.
IS20G11 - Your Digital Advertising and Reporting is Massively Flawed - Jeremy Anspach
1. Title Sponsor
Your Digital Advertising and Reporting is Massively Flawed
Jeremy Anspach
Founder & Chairman
PureCars
jeremya@purecars.com
2. Jeremy Anspach
Founder & Chairman
PureCars
843-276-6729
jeremya@purecars.com
A Detroit native, Jeremy is the Chairman and
Founder of PureCars. His passion for
automotive advertising has made him a
seasoned presenter and industry expert. He
has spoken at many prominent industry
events, including NADA, DrivingSales, Digital
Dealer and Kain Automotive Summit.
In his downtime, Jeremy loves to unwind with his
wonderful (crazy) family.
3. Provides award winning marketing automation and business intelligence for
thousands of dealers and the top groups in north america.
COMPANY STATS
Founded 2007
Team Members 240+
Offices
- Atlanta, GA
- Charleston, SC
- Miami, FL
- Milwaukee, WI
SALES 16 sales reps
TECH + Performance
Majority of team
OEM PARTNERSHIPS
AWARDS & PARTNERSHIPS
#3 Largest digital advertising platform for automotive dealers
4 Consecutive
Years
VALUED CLIENTS
4. Your Digital Advertising Has
Become The Majority Of
Your Ad Spend
It’s become extremely complex, difficult to understand and in the absence of context, has
resulted in nearly useless reporting
5. You Have Dozens Of
Reports & Weekly Calls,
Exposing A Massive
Structural Crack
In your vendor reporting AND how you think about it
12. Ad Source Performance Reports
helped shift ad budgets
Custome
r
Came
From:
Custome
r
Came
From:
Customer
Came From:
Autobytel- $25 per Lead x 10 Leads to Sale = $250 to Sale!
Dealix- $15 per lead x 20 Leads to Sale = $450 to Sale!
15. Manual Ad Source
Reporting
ADF / XML
Standardization
Push leads to CRMs
Autotrader
Cars.com
Etc.
“Truth” reporting
for vendors
Ad Source to Sale Report
The ROI driver for vendors
The CRM is adopted in auto to manage all the leads...
...and the mission was to drive more leads!
18. Maybe
1-3 photos
“Call for Price”
or high pricing
+ =
The start
of digital leads
2005
A website with inventory got more digital leads
19. 9 or 27 Photos?
Was the debate
Pricing had logic from
tools like vAuto
+ =
Avalanche
of digital leads
2008
More photos and a focus on velocity
resulted in more digital leads
20. But things have changed…
We now have online learning at our fingertips
=
20182008
21. Shoppers expect instant gratification.
They want it all and they want it now.
Stacy represents the reality of today’s shoppers
She wants to learn everything NOW without waiting for a BDC rep...
22. INSTANT
GRATIFICATION
“Hey Google.
What’s my car
worth?”
“Hey Google. I want a
great deal on a new
toyota truck.”
“Does this used
2015 BMW 330i have
new tires?”
“Is this vehicle priced
well? Does it have
good options?
23. Relevant Information
is what the shopper wants
Researching car prices (71%)
Finding actual cars listed for sale (68%)
Comparing different models (64%)
Finding out what current car is worth (63%)
Locating a dealer / dealer info (46%)
24. Relevant photos +
Great merchandising
Very competitive pricing +
stocking logic
+ =
1-3% of web traffic
are LEADS
2018
Relevancy and quality traffic is the focus,
leads are far more complex to measure
25. “Overload accurate information. If they submitted a
lead, it’s only because you failed to share some data
point with them. Anticipate the question and provide
the answer upfront.”
Rick Ricart
Ricart Automotive Group
26. Today, Attribution is Extremely Complex
And doesn’t look like the classic “last click” fax machine lead...most
of the time.
AutoTrader
Cars.com
Google
TV/OTT
33. Digital Advertising
PPC KPIs
Are Challenging
Geo
Bigger or Smaller?Impression
Share?
Keyword Bids
High or Low?
CPL?
Auction
What someone is
willing to pay
CPC?
# of Searches…
# of people...
Position?
Quality
Score
38. The Formula to Remember
To make your reporting far more useful
B C+ + =
Done right,
maximizes
$ales
STOCKING MERCHANDISING ADVERTISING
A
39. First, Think Stocking
“How is my inventory
compared to the market
shifts?”
“Have our stocking
levels changed?”
“Did my inventory get
better or worse? More
desirable
or less?”
41. Then, Understand Your Stocking
• How many new and used cars do you have?
• What did you get on trade?
• What did you buy at auction?
• How did you do with it historically?
• What is the MDS / Desirability?
• How has demand changed for the vehicles?
• How is your average MDS doing?
• Is it weighted with your DDS to give an
estimated turn factoring in pricing?
The list goes on...
45. Merchandising Impacts Success
Your digital success and reporting KPIs are heavily impacted by your merchandising
Spending finite ad dollars on
poorly merchandised
vehicles is wasting money
but it happens all day
everyday...
46. Better Merchandising = More Success
VDP views on new inventory go up 27% when
the vehicle is priced versus not priced.
VDP views per listing went up by 91%
when a new vehicle had multiple custom photos versus no
photos.
Vehicles with comments
show a 145% increase
in VDP views compared to vehicles
without comments.
47. Massive Recon Costs. Why Not Show Online?
VDPs with conditioning and price information are 3x more likely to sell
49. The Formula Works
When Tied Together
B C+ + = $ales
STOCKING MERCHANDISING ADVERTISING
A
50. Most advertising vendors
don’t understand the signals
between stocking, merchandising and
advertising
B C+ + = $ales
STOCKING MERCHANDISING ADVERTISING
A
Advertising Is Useless Without The Full Picture View
Of What Drives The KPIs
68. Signals become
Insights to...
➜ Make you better at what you do…
➜ Provide greater understanding…
➜ Inspire real-time action…
➜ Confirm hunches with real data...
69. Insights will...
➜ Show you what’s real…
➜ Make you work smarter…
➜ Show you clear path to purchase…
➜ Help you know your customer.
74. ENJOY THIS SESSION?
Post about it on social media using the hashtag #IS20G!
Share some love for your favorite speakers!
Title Sponsor
Contact Info:
Jeremy Anspach
Founder & Chairman, PureCars
843-375-6180
jeremya@purecars.com
Notes de l'éditeur
But first...a little bit about me...
Largest automotive platform solely focused on digital advertising
3rd largest digital advertising provider within tier 3
This presentation will uncover some massive structural cracks in your vendor reporting and how you think about it.
This presentation will uncover some massive structural cracks in your vendor reporting and how you think about it.
This presentation will uncover some massive structural cracks in your vendor reporting and how you think about it.
Let’s start with a definition… attribution.
This is important because some level of attribution is what holds vendors accountable and helps you determine what’s working.
That said, a massive structural crack exists in reporting...
We got into leads from this guy… a fax machine.
A person would grab the fax, call the person and work the deal. If closed it would get stapled to the deal jacket
A few leads may of submitted a lead and just walked in. The progressive dealers would manually match all leads to sales.
A person would grab the fax, call the person and work the deal. If closed it would get stapled to the deal jacket
A few leads may of submitted a lead and just walked in. The progressive dealers would manually match all leads to sales.
Dealers quickly realized leads were not created equally. A good provider may close at 15% and a bad one at 1%.
This led to dealers starting to think about quality of traffic and quantity.
Back then the thought of great stocking and merchandising didn’t really exist as inventory wasn’t shown well if at all.
A person would grab the fax, call the person and work the deal. If closed it would get stapled to the deal jacket A few leads may of submitted a lead and just walked in. The progressive dealers would manually match all leads to sales.
This evolved. Digital started picking up traction.
The fax died. Digital stuck.
Dealers love holding vendors accountable so ad source reports helped determine:
Who sold the most cars
Who had the best quality leads (lead to sale ratio)
But the internet evolved
Internet speeds progressed
Mobile took off
They hired companies like dealer specialities to take 1 photo of each used. Then 3. Then 9. Remember when 27 was for the super progressive guys?
Pricing was sometimes on but rarely updated.
All of this turned into more digital leads. The volume was higher than the fax.
They hired companies like dealer specialities to take 1 photo of each used. Then 3. Then 9. Remember when 27 was for the super progressive guys?
Pricing was sometimes on but rarely updated.
All of this turned into more digital leads. The volume was higher than the fax.
Think back. An iPhone is more powerful than our computers 10 years ago.
This made us think differently
It’s all about INSTANT GRATIFICATION. And a short(er) attention span.
Now it’s ALL about instant gratification.
Progressive dealers lost their edge by just having a decent website.
Now merchandising is key. In fact, the more you show on a VDP the better.
They hired companies like dealer specialities to take 1 photo of each used. Then 3. Then 9. Remember when 27 was for the super progressive guys?
Pricing was sometimes on but rarely updated.
All of this turned into more digital leads. The volume was higher than the fax.
A good friend, Rick Ricart, says it well.
We think it’s A+B+C
A is stocking.
B is merchandising
C is the ad buy
Focusing on the ad buy isn’t telling you muchThinking last click attribution doesn’t give much of a picture either. Remember, the fax machine is dead...
What if you don’t have photos of a product on amazon? Will it convert as well as one with photos? Of course not.
What about price coming soon? Will someone add to cart, checkout? Of course not. So…
If amazon just looks at time on site, traffic, conversion % etc., the reporting is near useless if they don’t weigh and factor in the stocking and merchandising.