Define SRP

What is a SRP?

The Term; “SRP” stands for Search Results Page, a relatively new term in the industry. In the past, before the internet, all you had to worry about was how the front on your lot looked, did you open the hoods and blow up those balloons. Today, drive by traffic is still important, but if you truly want to grow your used car lot, you need to have a real understanding of SRP’s

SRP’s are how many times your car shows up in a search. Example on Autotrader, or even on Auction Simplified when you are trying to wholesale the car, your car must show up in searches results pages or it will never sell on-line. 
Kevin Leigh, Dealer Simplified
Kevin Leigh

Automotive SRP Yes or NoCars Not Showing On SRP’s:

When I speak to inventory managers at dealer groups, I tell them this: “If it does not show, it’ll never go.” And that is not too far from the truth. In the internet search dominated market, if your cars are priced to high or worse yet, you take to much time to get them online, they may as well be sent right to auction because they will age out.

Dave Kaiser our co-founder, wrote a great article about a pricing strategy he deployed at a large dealer group in Buffalo. In this article he talks about price changes at specific times to get the most possible SRP’s while retaining gross. [article on used car pricing]

The Main Question if you Want SRP’s:

The main question you should be asking is:  “Are my cars showing on page one of a search on cars.com autotrader.com etc, when the customer searches.” If not…. It should be a three alarm fire for your used car manager and inventory manager. Fix the problem quickly your your car will age.

One parting comment, even if the car is priced right, you still must have photos a great description and above all the equipment listed. I mean every time. Having missing photos in this day and age is a sin. Listing a car on line without a price is the cardinal sin. I have found only one exception to listing a car with no price; when you want the car to be bid on, using a tool like Car Auction Widget (available from us) but even then you need a starting price for it to be found on the SRP

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