Cox Automotive reported that U.S. electric vehicle sales grew to over 300,000 in September, a monthly record.  Cox also forecasts that the total number of electric vehicles sold this year will pass one million before…

According to Fitch Ratings, the percentage of subprime auto borrowers who were at least 60 days past due on their auto loans rose to 6.11% in September, the highest since 1994. Millions of subprime car…

The percentage of auto loans financed at zero percent fell to just 1.1% in Q3 2023, down significantly from a high of 24.2% during that pandemic. According to Edmunds, for the three years before the…

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…

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…