Like it or not, advertising has gone the way of the Internet in recent years. Today, more car buyers are opting to work with dealerships who offer a seamless, digital marketing strategy rather than with a business they see advertised on TV.
Why? Simply put, automotive digital marketing provides consumers with a shopping experience that’s easy to use and accessible on a multitude of different devices—from computers to smartphones to tablets, and everything in between.
To put digital marketing vs. traditional marketing into perspective for the automotive industry, the advertising professionals at Aspen Automotive have taken some time to compare the major differences between these two techniques.
That way, you’ll know which approach is best for boosting your auto dealer’s sales and increasing customer engagement. Take a look!
What is Traditional Marketing?
Before the dawn of digital advertising, traditional marketing was the only method by which your dealership could reach your targeted audience. Some of the most common types of traditional marketing are:
- Commercials (both TV and radio)
- Newspaper and magazine ads
- Business cards
However, without more modern technologies steering your advertisements to the right audience, traditional marketing techniques make it more difficult for businesses to grow.
If your advertisements aren’t meeting your customers while they’re surfing the Internet or clicking through their email, it’ll be harder for your auto dealer to increase brand awareness.
Digital Marketing vs Traditional Marketing: The Differences
When it comes to increasing your dealership’s profit margins, digital automotive marketing is the way to go. Consider this statistic provided by DealerSocket: “Traditional advertising such as radio spots, TV ads, and billboards bring in an average total profit of $1,702 per vehicle, while digital marketing brings in $2,514 per sale.”1
As you can see, harnessing the power of automotive digital marketing allows your dealership to make the most of its return on investment. Of course, there are a number of reasons why digital marketing reigns supreme over traditional marketing.
Now that you’re more familiar with what traditional marketing is, it’s time to weigh the clear differences between digital and traditional marketing.
One of the most notable advantages of digital automotive marketing is that it’s highly measurable.
With traditional marketing, there’s no real way for you to see how many views your advertisement is getting, who is sending your advertisement to their friends and family, or who has clicked on your advertisement to learn more.
Digital technologies, however, allow you to measure the open rate of your dealership’s email marketing campaign or the response rate for a digital coupon couldn’t be simpler.
For instance, if you include a coupon link within an email to your leads, all your team has to do to measure the response results is compare the number of clicks to the total number of emails sent.
As a result of your response measurement, you’ll more effectively determine which techniques work and how you can improve down the road.
These days, digital marketing solutions allow you to choose the recipients of your advertisements based on a number of different factors, such as:
- Zip Code and more
No matter if you’re hoping to attract new customers or provide your current customers with some added perks, sending your advertisements to the audience that has the highest chance of responding helps your dealership make the most of its time and budget.
Buyers respond to content that’s personalized to their specific needs. That’s why digital automotive marketing is more effective than its traditional counterpart.
More specifically, one of best ways to increase consumer engagement with your dealership is by sending them customized shopping recommendations via email, social media, and other digital platforms.
That way, your buyers can easily learn more about new models that’ve arrived in your showroom or other products that they may be interested in based on their previous purchases and browsing history.
On the other hand, traditional media isn’t quite so simple to personalize to where your customer is on the buyer’s journey.
Due to the fact that you can’t get granular with where or when your consumer sees your advertisement that’s displayed on a billboard or in a magazine, it’s more difficult to capture your ideal buyer when they’re in the right mindset to connect with your dealership.
Digital Marketing vs Traditional Marketing: Learn More Today!
At Aspen Automotive, we love keeping our clients in the know about the latest advancements in the automotive digital marketing industry.
Thanks to our data-driven approach, advertising technologies, and our team of creative geniuses, you’ll harness the power of digital marketing to increase revenue and improve customer engagement.
Ready to learn more about our automotive marketing techniques? All you have to do is send us an email or give us a call today!