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Halfway through 2023, automotive dealers are continuing to deal with ongoing inventory shortages and, as a result, diminished customer loyalty. Now amid inflation and rising interest rates, it’s more imperative than ever that dealers analyze ongoing trends to better understand changing buying behaviors and strategize for upcoming months. For dealers to learn from past experiences and strategize for future success, dealers need to identify emerging trends and swiftly adapt to evolving marke
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Electric vehicles continue to gain the acceptance of new-vehicle shoppers — but it’s not happening rapidly, according to a new survey. The J.D. Power 2023 U.S. Electric Vehicle Consideration Study found 26% of shoppers said they are “very likely” to consider purchasing an EV, up from 24% in 2022. The percentage of shoppers who said they are “overall likely” to purchase an EV rose by the same two percentage points, from 59% last year to 61%.
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