{"id":87252,"date":"2024-11-26T08:42:09","date_gmt":"2024-11-26T15:42:09","guid":{"rendered":"https:\/\/inmoment.com\/customer-stories\/auto-manufacturer-increases-revenue\/"},"modified":"2024-12-11T17:17:26","modified_gmt":"2024-12-12T00:17:26","slug":"auto-manufacturer-increases-revenue","status":"publish","type":"customer-stories","link":"https:\/\/inmoment.com\/en-au\/customer-stories\/auto-manufacturer-increases-revenue\/","title":{"rendered":"Large Auto Manufacturer Ties CX Improvements to $53.7M Revenue Opportunity"},"content":{"rendered":"\n<p>For this large Fortune 500 auto manufacturer, delivering exceptional customer service means more than just fixing cars\u2014it\u2019s about fostering loyalty and driving long-term success. With millions of customers depending on their vehicles daily, a seamless service experience can turn routine maintenance into a lasting relationship and revenue.&nbsp;<\/p>\n\n\n\n<p>By analysing service and sales survey data, the company uncovered the powerful connection between service satisfaction, quality, and future purchasing behavior. From achieving perfect ServiceKPI scores to getting vehicles fixed right the first time (FRFT), the brand\u2019s commitment to excellence not only keeps customers coming back but also drives meaningful revenue and profit growth for the company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Highlights:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Combining service and sales survey data longitudinally surfaced key patterns.<\/li>\n\n\n\n<li>Focusing on metrics like FRFT and ServiceKPI scores uncovered actionable insights.<\/li>\n\n\n\n<li>Perfect ServiceKPI scores correlated with a 97% higher likelihood of repurchasing a vehicle.<\/li>\n\n\n\n<li>Leveraging consistent data keys like mobile numbers enabled reliable customer tracking.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Connecting the Data to Uncover the Critical Drivers of Sales Loyalty<\/strong><\/h2>\n\n\n\n<p>The company faced the challenge of combining independent sales and service survey datasets to uncover insights about the relationship between service satisfaction and sales loyalty. Traditional identifiers like address and name proved unreliable due to customer mobility. They needed a stable linking method to connect these datasets longitudinally and derive actionable insights.<\/p>\n\n\n\n<p>The team discovered that mobile phone numbers offered a consistent and reliable key for tracking customers across datasets. With over 95% accuracy, mobile numbers provided an effective solution for linking service and sales data. This approach allowed the organisation to analyse customer behavior, revealing the critical role of service satisfaction in driving loyalty and repeat sales.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Quantifying the Financial Impact of Service Excellence<\/strong><\/h2>\n\n\n\n<p>The results of the performed analysis were transformative for the business. Customers whose vehicles were fixed right the first time (FRFT) were 74.4% more likely to purchase another vehicle, translating to $23.6M in additional annual sales revenue and $4.9M in profit for every 1% improvement in FRFT rates.<\/p>\n\n\n\n<p>Perfect ServiceKPI scores were even more impactful, with a 97% likelihood of repurchasing, adding $30.1M in annual revenue and $6.2M in profit per 1% improvement.<\/p>\n\n\n\n<p>The relationship between service satisfaction and loyalty is exponential: while extraordinary dissatisfaction nearly eliminates loyalty, exceptional satisfaction produces exceptional customer retention.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Unlock the Power of Data-Driven Insights and Drive Revenue With Pearl-Plaza&nbsp;<\/strong><\/h2>\n\n\n\n<p>This innovative approach to combining sales and service survey data highlights the critical connection between customer satisfaction and sales loyalty. By focusing on improving FRFT rates and ServiceKPI scores, the brand can further unlock exponential gains in customer retention and financial performance. This analysis underscores the power of data-driven insights to transform customer experiences into measurable business success.<\/p>\n\n\n\n<p><a href=\"https:\/\/inmoment.com\/en-au\/demo\/\">Schedule a strategy session<\/a> with our expert team today to see how Pearl-Plaza can help you achieve business success.&nbsp;<\/p>\n","protected":false},"featured_media":19328,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[1026],"industry":[270],"region":[1045],"class_list":["post-87252","customer-stories","type-customer-stories","status-publish","has-post-thumbnail","hentry","category-customer-experience-en-au","industry-automotive-en-au","region-global-en-au"],"acf":[],"_links":{"self":[{"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/customer-stories\/87252"}],"collection":[{"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/customer-stories"}],"about":[{"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/types\/customer-stories"}],"version-history":[{"count":0,"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/customer-stories\/87252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/media\/19328"}],"wp:attachment":[{"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/media?parent=87252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/categories?post=87252"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/industry?post=87252"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/inmoment.com\/en-au\/wp-json\/wp\/v2\/region?post=87252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}