Tesla, BMW and Nissan Dealerships Ranked Highest by Pied Piper “PSI for EVs” Study
2019 Pied Piper "PSI for EVs" Industry Benchmarking Study Brand Rankings (Graphic: Business Wire)
MONTEREY, CA - March 4, 2019: Tesla dealerships were ranked highest in the newly released 2019 Pied Piper “PSI® for EVs” U.S. Auto Industry Benchmarking Study, which measured treatment of electric vehicle (EV) shoppers. BMW and Nissan dealerships were ranked second and third respectively. For 13 years Pied Piper has used the Prospect Satisfaction Index® (PSI®) process, which ties “mystery shopping” measurement and scoring to industry sales success, to measure how effectively dealerships help shoppers become buyers. For 2019 Pied Piper applied the same fact-based PSI approach to create PSI for EVs to measure how effectively each EV brand’s retailers help customers who visit a dealership.
Success selling EVs depends upon many of the same salesperson behaviors that customers find helpful when shopping for traditional automobiles. However, because EVs rely on technology new to many customers, the salesperson must also be able to introduce and explain the operation of EVs and the features and benefits of EV technology.
Compared to the salespeople for other brands, Tesla salespeople were more likely on average to help customers understand garage charging options, or to describe how to use national charging networks. BMW salespeople were more likely to explain EV incentives and rebates, or to mention how vehicle range changes based upon driving conditions. Nissan salespeople were more likely to ask how the vehicle would be used to determine whether the battery range would be adequate, or to describe one-pedal driving convenience.
Included in the study were brands selling Battery Electric Vehicles (BEVs) (Tesla, BMW, Nissan, Jaguar, Chevrolet, Honda, Audi, Hyundai and Kia) or Plug-In Hybrid Electric Vehicles (PHEVs) (Volvo, Mitsubishi, Mini, Chrysler, Toyota, Cadillac, Ford, Mercedes-Benz, Porsche and Subaru). Models were chosen from vehicles promoted on manufacturer websites. Two brands, Audi and Subaru, showed EV models on-line which were not yet present at their dealerships, so dealerships selling those vehicles were only able to accept orders.
“Imagine what it would have been like to sell a gas-powered automobile in the early 1900s,” said Fran O’Hagan, President and CEO of Pied Piper Management Company LLC. “Customers back then were buying their first car, and salespeople would have had to explain the basics, such as how to operate the vehicle or where to find fuel while travelling.” Similarly, industry research today finds that two-thirds of EV customers are first-time EV buyers. “EV sales are growing rapidly, and salespeople today play a critical role helping these new customers understand how EV technology will benefit them,” said O’Hagan. Pied Piper’s PSI for EVs study shows that today some brands are much more helpful to EV customers on average than others.
About Pied Piper Management Company, LLC
Monterey, California company Pied Piper Management Company, LLC was founded in 2003 to help brands and manufacturers improve the performance of their retail networks. Go to www.piedpipermc.com.