Pit Strategies refer to the planned approaches teams use during auto racing events to manage their vehicle's performance and optimize race outcomes. These strategies involve deciding when to make pit stops for fuel, tire changes, and repairs, balancing speed with the need for maintenance. Effective pit strategies can significantly impact a team's overall performance, as timing and execution are crucial. Teams analyze factors like track conditions, tire wear, and competitor actions to determine the best moments to pit, aiming to minimize time lost and maximize their position in the race.