Lotlinx Weekly News Vol. 261: A shock to the EV system

Lotlinx insights:

As a Lotlinx News reader, your feedback is important!

We’re proud to connect with over 30,000 subscribers every week, and we strive to make each reader’s subscription worth their while. 

​​​​​​Please fill out the below survey to help our team tailor Lotlinx News content to your preferences. It is 15 questions and only takes one minute!

Take the survey!

Industry roundup:

FROM THE WASHINGTON POST: Biden to remake U.S. auto industry with toughest emissions limits ever

Just months after the EPA set stringent emissions regulations for 2023-26 new-vehicle models, it is doubling down with increased regulations through 2032. These protocols could increase EV market share to 67% for light-duty vehicles and 46% for medium-duty vehicles in just under a decade.

Read more

FROM CNBC: Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car

According to a recent poll, only 35% of Americans support stricter emissions regulations. Even fewer respondents, 19%, say it is highly likely they would buy an electric vehicle, while 47% conclude it is very unlikely. 80% of participants cite a lack of charging availability as their main argument against an EV purchase.

Read more

FROM AUTOMOTIVE NEWS: GM overtakes Ford as the No. 2 U.S. seller of EVs

Ford’s EV sales increased 41% in Q1, but GM sold nearly double the number of electric units in the same three months. Both automakers are investing billions to stake their claim in the national EV market, while Tesla still holds on to two-thirds of the share.

Read more

FROM BUSINESS INSIDER: Cheap new cars are going extinct while $60,000 SUVs and trucks flood the market

Only 17% of new vehicles sold last month were priced below $30,000, that’s down from 44% in 2019. Meanwhile, the number of full-size trucks and SUVs selling over $60,000 has more than doubled in the same time. These trends are not representative of consumer finances and have left a hole in the market for reasonably priced inventory.

Read more

Enjoyed this roundup? Subscribe to Lotlinx News for weekly automotive industry-updates direct to your inbox.

Want more top headlines? Catch up on past editions of Lotlinx News.

About Lotlinx:

Lotlinx empowers automobile dealers with data and technology to give the best possible market advantage on every vehicle transaction. Lotlinx offers a suite of features such as real-time market analysis, inventory management, and precision targeted vehicle advertising. Dealers leverage the platform to identify potential inventory risks and execute VIN-specific strategies enabling them to move inventory faster and more efficiently.

To start leveraging Lotlinx technology at your dealership, request a free, individualized Inventory Risk Analysis. 

Take your dealership to the next level.

It’s your dealership. Control it with Lotlinx.

Request Demo