Get in on the insights! Lotlinx asks and answers the automotive industry’s toughest questions to help move metal faster.
Time is ticking on 2024, with less than five weeks to go. With customer confidence growing, high inventory, the best OEM programs, and the lowest pre-owned prices, this December is arguably the most critical month of 2024. But it’s up to you, the salesperson or dealership owner, to increase car sales. With these quick tips…
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The used car market has been a rollercoaster ride in recent years, influenced by factors like the pandemic, supply chain disruptions, and rising interest rates. As we look into 2025, learn the potential used car inventory trends that could shape the sector. January 2025 Used Car Market Forecast Inventory Used car inventory remains tight While…
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It’s common knowledge that the holiday season is a prime time for car buyers, making it a busy period for dealerships. However, not all days and weeks within this festive window are the same. According to MarketWatch, “the best time to buy a car is from October through January 1, with December as the standout.”…
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November has been an important month for the automotive inventory market as dealers and manufacturers strive to balance supply and demand amidst various economic and technological challenges. The post-cyber breach landscape is stabilizing but has left a big imprint on how inventory data is managed and reported. This reset in operations provides the backdrop for…
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.
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…
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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…
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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