Key Results from CDK’s annual Friction Points Study Key Results from CDK’s annual Friction Points Study - Shorts Cars
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Key Results from CDK’s annual Friction Points Study

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On-demand recording now available • 20 MIN.

DEALERS SPEED UP SALES IN LATEST CDK STUDY

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ICustomer expectations are at an all-time high in the post-pandemic automotive retail industry. Shoppers want more screen time and less wait time during the car-buying process. That's why dealers around the country are laser-focused on improving the customer experience, from online shopping to showroom visits.

CDK's annual Friction Points Study, which this year was based on a survey of 1,200 car buyers and about 350 dealers, indicates dealers have indeed moved the needle in terms of reducing the time it takes to complete a car deal. Yet despite those efforts, customer satisfaction remains relatively steady.

The study revealed that pain points still exist in specific steps of the sales process, including areas such as price negotiations, securing financing and even how long customers must wait to take a test drive.

 

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Speakers: 

Anu Roberts

Senior Director of Product Marketing
CDK

Peter Kahn

Senior Director of Research and Insights
CDK

Emma Hancock

MODERATOR
Automotive News

 
 
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