Does Formal Attribution Exist in Automotive Marketing?
I had an interesting conversation with a client today regarding attribution of sales in regards to marketing efforts. We all know dealerships want to attribute sales to a marketing effort in order to determine a return on their marketing investment. I do feel based on KPI's and sales reports dealers can get an idea of whether or not a marketing campaign is providing a "healthy," return, or if it simply is not working for them. My definition of ROI is simple, as I learned studying Finance in college, divide your net profit by your net assets, and you have your return....