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Dealership Guide: Customer Communication Amid Inventory Shortages

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Convenience A recent industry survey found time spent online shopping for a new car dropped 21% from 2020 to 2021. This sharp decline can be attributed to one primary reason: new, convenient digital retailing options. But this shift toward convenience was already in motion well before last year. From 2018 to 2020, the average time spent in a car dealership declined from 2 hours and 55 minutes to 2 hours and 37 minutes. As a result, buyer enjoyment increased from 60% to 74%. As customers crave convenience, the marketplace is enthusiastically answering. To combat the convenience of online- only retailers and even other local rooftops, dealers need to meet customers where they are in their buying journey and offer a consistent and cohesive dealership experience across channels. 1 IN A 2020 SURVEY, 64% OF CONSUMERS WHO BOUGHT A CAR ONLINE CITED CONVENIENCE AS THE PRIMARY REASON. IHS Markit

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