Data Study: How Many Leads Does it Take for Dealerships to Sell a Car?

A Foureyes study of U.S. automotive dealerships identified the lead-to-sale “efficiency” across new vehicle inventory for Q1 2024.

Written By
Matt Inda
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A Foureyes study of U.S. automotive dealerships identified the lead-to-sale “efficiency” across new vehicle inventory for Q1 2024.

By analyzing leads generated per sold VIN across new 2023 and 2024 models, the study found dealerships received 3.5 leads on average per sale from January 1, 2024 to March 31, 2024.

“We published this data for dealers to use when it comes to their marketing, pricing, and other inventory strategies,” said David Steinberg, Foureyes founder and CEO. “It’s data dealers can directly apply to their decision-making and processes to gain a competitive jump.”

The study analyzed lead-to-sale “efficiency” for both makes and models.

Leads per Sold VIN (by Make)

Atop the list of the least efficient vehicles to sell by make were Chrysler (5.4 leads), Dodge (5.2), and Land Rover (5.2), while Nissan (2.8), Subaru (2.9) and MINI (3.0) had the most efficient leads-to-sale ratios.

Least Efficient Vehicles to Sell (by Make + Model)

Looking at the least efficient vehicles to sell by make + model, two EVs were atop the list -- the Volkswagen ID.4 (6.9 leads per sale) and the Hyundai Ioniq 5 (6.2). Of the remaining top 15 least efficient vehicles, multiple models appeared from each of Jeep, Dodge, RAM, and Kia.

Make + Model (Least Efficient) Avg. Lead Count
Volkswagen ID.46.9
Hyundai Ioniq 56.2
Jeep Gladiator5.4
Dodge Charger5.4
Dodge Challenger5.3
Kia K55.0
Kia Carnival4.5
Jeep Wrangler4.5
RAM 15004.3
RAM 25004.2
Acura Integra4.1
Chevrolet Traverse4.0
RAM 35004.0
Ford F-1504.0
Jeep Grand Cherokee3.9
Chevrolet Tahoe3.9
Volkswagen Atlas3.9
Jeep Wrangler Unlimited3.8
Hyundai Santa Fe3.8
Honda Pilot3.8
Ford Maverick3.8
Volkswagen Jetta3.7
Kia Telluride3.7
Honda Accord Hybrid3.7
Honda Civic3.7
Toyota Tacoma3.7
Kia Sorento3.6
Ford Bronco3.6
Chevrolet Silverado 15003.6
Toyota Highlander Hybrid3.6
Acura MDX3.6
Hyundai Palisade3.6
Chevrolet Silverado 2500HD3.5
Jeep Compass3.5
Ford Explorer3.4
Honda CR-V Hybrid3.4
Hyundai Sonata3.4
Honda Passport3.4
Nissan Frontier3.4
Toyota Sienna3.4

Least Efficient Vehicles to Sell (by Make + Model)

Conversely, the most efficient make + models were largely from Nissan, Toyota, Hyundai, Subaru, Ford, and Kia. The Nissan Sentra (2.0 leads per sale) was found to be the most efficient vehicle to sell, followed by the Ford Edge (2.3), Kia Soul, (2.3), and Nissan Kicks (2.5).

Make + Model (Most Efficient) Avg. Lead Count
Nissan Sentra2.0
Ford Edge2.3
Kia Soul2.3
Nissan Kicks2.5
Nissan Altima2.5
Kia Forte2.5
Chevrolet TrailBlazer2.6
Toyota Camry2.6
Subaru Forester2.6
Toyota RAV4 Hybrid2.6
Subaru Outback2.6
Hyundai Tucson2.7
Hyundai Kona2.7
Ford Escape2.7
Toyota RAV42.7
Nissan Rogue2.8
Kia Seltos2.8
BMW X32.8
Hyundai Elantra2.8
Volkswagen Tiguan2.9
Chevrolet Equinox2.9
Volkswagen Taos2.9
Mazda CX-52.9
Mazda CX-303.0
Subaru Crosstrek3.0
BMW X53.0
Ford Bronco Sport3.0
Honda HR-V3.0
Toyota Corolla Hybrid3.0
Toyota Corolla3.0
Acura RDX3.0
Mitsubishi Outlander3.0
Nissan Pathfinder3.1
Kia Sportage3.1
Chevrolet Trax3.1
Honda CR-V3.1
Honda Accord3.1
Toyota Tundra3.2
Toyota Highlander3.2
Subaru Ascent3.2

“While the study presents this make and model data as a measure of ‘efficiency,’ Foureyes recognizes multiple factors are actually in play here,” said Steinberg. “For example, are these vehicles actually harder to sell, or do some simply garner more attention because they’re desirable and innovative? In the end, we simply wanted to show dealers what they can expect for the average vehicle.”

About Foureyes

Foureyes is the dealership data platform that connects your CRM, DMS, website, inventory, and vendor data into one clean, current picture of every shopper, then puts it to work for your sales team and your partners. You own the data, and it runs alongside the stack you already have.

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