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Lotlinx revolutionizes the automotive industry, empowering dealers with cutting-edge data and technology necessary to thrive in a dynamic industry where every move counts.
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New inventory grew by 9% causing day supply to increase by 3 days to 79 days as supply constraints were alleviated for some brands. Sales growth slowed slightly, increasing by just 1% MoM as prices continue to rise heading into the end of the year. However, hybrids saw list price fall by 5% YoY, contributing…
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“Hey Lex, which of my units are priced too high?” The Lotlinx proprietary Lex chatbot offers comprehensive, market and competitive data for every vehicle on a dealer’s lot, enabling dealerships to easily inform strategy and decision making for each VIN or vehicle segment (ex: condition, body style, model). Lex can answer questions about a dealer’s…
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New inventory grew by 9% causing day supply to increase to 76 days, 24 days higher than last year. This rise is partly due to more 2025 models arriving on lots, while unsold 2024 models pose a growing risk for dealers. Prices for gas units continue to rise even as consumer affordability remains a focus….
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.
The CDK Global hack significantly impacted sales in June. The cyberattack disrupted software systems at thousands of dealerships, forcing many to revert to manual processes, such as using pen and paper for transactions. This led to delays and reduced efficiency, contributing to a 5% decrease in new vehicle sales and 7% in used. The market…
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In May, a decreasing day supply and stable sales in the used car market suggested strong demand. This requires dealers to have a more disciplined approach to their inventory management. Conversely, the high day supply in the new car market indicates potential oversupply issues or weaker demand. New Vehicles: Used Vehicles: A peek into June:…
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Our 2024 Spring Inventory Strategies Guide dives into the market factors that may create risk for your dealership this year and the strategies you can use to combat it. Use your guide to unpack:
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This March, Lotlinx presented more than 2,500 auto professionals with a survey to see how they tackle inventory management. The results confirmed that many dealers are still behind the curve when it comes to inventory technology adoption. For example:
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As we delve into the market data for April, a few interesting items emerge. Overall, our data indicates a challenging market environment characterized by increasing inventory levels, declining sales volumes, and downward pressure on prices for both new and used vehicles. Current efforts to address aging inventory and carryover percentage have had limited success, highlighting…
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Introducing Lotlinx’s First Quarterly Vincensus Report We are excited to bring you our new Vincensus Report for the first quarter of 2024, which is the most comprehensive monthly/quarterly inventory report in the industry. This report was developed using Lotlinx’s proprietary Lexaca data, the largest inventory specific data set with over 24 billion data points, that…
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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