Ease of Purchase Score Slumps
CDK Global says result dipped from 85% to 81% in November.

Fewer buyers reported finding the car they wanted in stock in November.
IMAGE: Pexels
In October, higher inventories improved car availability and boosted positive feedback in CDK's Ease of Purchase survey. However, the trend took a swift turn in November when the overall ease of purchase score dropped from 85% to 81%.
While national inventories remained higher than in 2022, CDK Global also found just 46% of November buyers reported finding the car they wanted in stock compared to 52% in October.
It attributed the shift to the fact that 35% of buyers reported visiting only one dealership to complete their purchases in November compared to 30% of buyers in October.
Another area that took a hit in November, falling to 76% from 80% in October, was the ease of taking a test drive, the research showed.
The financial side of the purchase process remained a sore spot among consumers, CDK reported. The ease of trade-in value agreement remained unchanged for the third consecutive month, with just 49% of consumers finding it easy. Agreement on a final price also remained unchanged at 60%, while applying for credit only slightly improved to 63%from 61% in October, consumers indicated.
Survey respondents who reported a negative experience said the process took too long, according to CDK. In fact, one respondent called the wait time "ridiculous,” according to Dave Thomas, automotive industry analyst at CDK.
Still, 50% of buyers said the time it took was in line with their expectations, compared to 48% in October. More buyers in November (78%) also said salespeople efficiently used their time compared to 76% in October, the research showed.
Originally posted on Auto Dealer Today
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →