Subscribe to our newsletter
Get the latest insights on identity, data, and audience activation.
If you are like most dealers, you spend a massive amount of budget driving traffic to your website. But as Launch Labs Chief Revenue Officer, Mike Morgan recently explained during a session for NCM Associates, here is the hard truth:
You don't need more shoppers. You need to get more out of the shoppers you already have.
Watch the full presentation below to see how top dealers are solving this problem, or read on for the key takeaways.
In his presentation, Morgan highlighted a staggering statistic: nearly 98% of your website visitors never fill out a lead form. You pay for 100% of that traffic, but you only know who 2% of them are. The rest remain invisible—browsing your inventory, comparing prices, and potentially defecting to competitors—without you ever knowing they were there.
This is where Identity Resolution changes the game.
To capture the full picture of your audience, you need a data strategy that employs two specific types of identity resolution:
"You need them both. Period," says Morgan. While deterministic data captures the engaged lead, probabilistic data gives you a swing at identifying the massive volume of silent shoppers browsing your site right now.
What is the actual impact of turning on these data strategies? Morgan offers an example of a 10-franchise dealer group with 250,000 monthly website visitors:
That is roughly 80,000 people you can now target with real-time, omnichannel campaigns based on exactly what they looked at on your site. This level of insight allows you to unify online and offline data to see the true customer journey.
The automotive industry is competitive. If your competitor knows who is in the market before you do, you lose.
"You're doing a lot of guessing and not enough knowing," Morgan notes. By implementing a strategy that cleans your data and layers both deterministic and probabilistic resolution, you help overcome the limiting factors of traditional tracking. This gives you a competitive advantage that lowers ad spend efficiency while increasing sales and service revenue.
Get the latest insights on identity, data, and audience activation.