Get in on the insights! Lotlinx asks and answers the automotive industry’s toughest questions to help move metal faster.
The automotive industry is constantly changing. When it changes, it presents brand new varied, wide, and complex risks for car dealerships: market fluctuations, new regulations, reputation threats, and cybersecurity issues. To protect profits, dealerships must adapt fast and proactively manage potential crises on the lot and in the inventory. Honoring risk management in car dealerships…
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What is the ideal car-buying experience? For many, it starts with scrolling through vehicle detail pages (VDPs) from the comfort of their couch, comparing photos, prices, and models, reading descriptions, and idealizing their perfect ride. This is most likely all done before even stepping foot into the dealership. But before you list your inventory, are…
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Powered by Lexaca data, the Vincensus Report marks an exciting step forward for auto dealers, thanks to Lotlinx. This innovative initiative provides real-time insights into inventory management and OEM-specific data, equipping dealers with the tools they need to stay ahead in a competitive market. Drawing from a staggering 24 billion data points, Vincensus gives dealers…
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In the competitive world of automotive sales, running a dealership means juggling numerous tasks to ensure smooth operations and satisfied customers. To help you excel, we’ve compiled this list of the top 10 daily tasks every dealership should prioritize. By mastering these dealership best practices, you’ll improve your dealership’s performance and foster stronger relationships with…
Read moreMaximize your profits with our automotive technology solutions that execute VIN-specific strategies via innovative features, including real-time market analysis and inventory management that increases turn, reduces waste, improves margins, and controls risk.
Welcome to the future of car buying. Today’s marketable cars are on another level of user experience. The days of visiting multiple dealerships are behind us; now, buyers can explore a vast selection of vehicles without leaving home. With immersive 360° videos, customers can experience virtual test drives and detailed inspections, making the process feel…
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Electric mobility is changing the nature of the auto industry and will affect virtually every aspect of business. EVs have a big environmental advantage over their gas-guzzling counterparts, emitting far fewer carbon emissions over their lifespan. The US Department of Energy notes that EVs release about 3,932 pounds of carbon equivalent annually, whereas traditional gas…
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We already know AI works for the auto industry. It’s fast, it’s smart, and it’s a tool to help dealers move metal faster. But each AI model is different, and the countless ways to use them can be overwhelming. ChatGPT can be a powerful ally for car dealerships that want to push more sales, customer…
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Car dealers always have something to track — dealership industry turnover, invoicing delays, labor rates; the list goes on. With the car dealership industry generating over $1 trillion in new vehicle sales in 2019 alone, the industry is both vast and challenging. It requires big investments but often operates with tight profit margins. It requires…
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Over the past twenty years, selling new cars has become less profitable for many reasons. Stock market ups and downs, intense competition among manufacturers, and shifting consumer tastes have all joined the mix— even cyberattacks on major software providers; this month’s CDK Global attacks have caused widespread outages felt across the American auto retail sales…
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Building trust and credibility in the digital age of auto sales is one of the main determinants of success. Today, half of a consumer’s decision to repurchase or recommend an automotive brand or dealer revolves around trust. Although dealerships and car salespeople have historically faced skepticism, earning trust is achievable with the right approach. Embracing…
Read more Lotlinx was created to hand operational and fiscal control back to the dealer. We have been harnessing our AI and machine learning technology for over a decade, purely focusing on how dealers can move their inventory more efficiently and effectively.
It’s your dealership. Control it with Lotlinx.
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