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February 2025 showed mixed signals, with a slight uptick in sales but continued challenges in both new and used vehicle segments. Used car prices demonstrated signs of stabilization; however, inventory constraints remained a pressing issue, with the average days’ supply tightening to 39 days. Economic uncertainties and new trade policies introduced additional risks, particularly with…
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In January, the used car market demonstrated resilience, characterized by stable sales, steady pricing, and efficient inventory turnover. Demand for pre-owned vehicles remained strong, as inventory continued to move without requiring significant additional price reductions. This stability suggests that consumers continue to find value in used vehicles, possibly due to affordability concerns or shifting financial…
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Sales volumes continued to grow for new vehicles, driven primarily by hybrids and EVs, while ICE units remained steady. Hybrids saw a standout performance, with sales increasing by 23% QoQ, making up 22% of Q4 2024 new vehicle sales. This represents a 3% increase from the previous quarter and a 4% increase from the same…
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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.
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.
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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The overall market sentiment remained cautious due to the lasting impact of the CDK hack. While the most severe effects were mitigated, the market has not yet fully normalized. The automotive sector demonstrated resilience, particularly in used car sales that saw an 11% increase, but struggled to fully recover lost sales and demand, especially for…
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Dealers commonly voice concerns about relying on pricing tools, fearing they might trigger a downward spiral in prices. However, data-driven decision-making has never been more crucial in today’s industry landscape. A data-driven approach can, in fact, propel dealerships towards a “race to the top” in terms of front-end gross profit. Market pricing tools have long…
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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:
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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