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Dealership Response Times to Customer Inquiries Improve Year-Over-Year
The response times by auto dealerships to website inquiries improved ~6% year-over-year, according to the 2023 Pied Piper PSI Internet Lead Effectiveness study. Pied Piper submitted customer inquiries, along with a name, email address, and…
Artificial Intelligence (AI) May Drive More Efficient Automotive Parts Purchasing
Following years of supply chain challenges and production schedule reductions, artificial intelligence poses potential productivity upsides for parts purchasing processes. One AI company, Arkestro, created predictive procurement software that helps companies eliminate two steps in…
Autumn is the Most Dangerous Season for Auto Accident Damage in the United States
According to Carfax, we have begun the most dangerous season for driving. 72% of U.S. drivers live in states where Fall is the peak season for accidents. Several factors contribute to the increase including fewer…
Microchip Shortage Continues with the Majority of Recent Production Cuts in North America
In recent weeks, auto manufacturers cut production estimates by 63,400 vehicles for 2023. Nearly 90% of the latest production schedule cuts were from North American auto manufacturers, with the remainder spread across Asia, South America,…
Only 1 New Car Model in the United States Cost Less than $20,000
As of July 2023, the Mitsubishi Mirage is the last car model in the United States that can be purchased new for under $20,000. One year prior, nearly a dozen models in the market were…