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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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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….
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As the summer demand wave receded, September marked a cooling in both the new and used vehicle markets. New vehicle demand saw a slight drop of 2% MoM, while used vehicle sales experienced a steeper decline of 10%. The easing demand, coupled with increased inventory, led to a slight rise in vehicle day supply for…
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The market showed stabilization in new car pricing but could see more aggressive discounting strategies to manage inventory levels. Aging concerns YoY were still very much present as aged inventory increased by 11% and day supply increased by 25 days YoY. While some recalls and supply chain issues affected specific model sales, the overall market…
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.
Discover solutions to the EV inventory conundrum using VIN-specific marketing and inventory management. Unpack these three trends when you download your free guide:
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Say goodbye to uncertainty! Our comprehensive guide, “Debunking 7 Marketing Myths,” reveals the truth behind your marketing efforts, empowering you to make data-driven decisions that drive real results. Learn the truth about:
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Key Insights: Dealerships are acquiring more inventory than they are selling. Used vehicle stocking levels have moved into the positive territory compared to Q4 last year. Days supply has increased by approximately 11 days since then. Although PVR has remained strong, there is increasing stress in the markets. Whereas dealers made far fewer markdowns in…
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Since March 2020, the automotive marketplace has been highly volatile. The COVID-19 pandemic forced manufacturers to pause production lines, greatly reducing dealerships’ inventory to a level that was unable to meet surprising consumer demand. As the gap between supply and demand widened, dealers turned toward used inventory to maintain volumes and profitability. The increased demand…
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How does /AI/ deliver dealership inventory ads at the exact moment a consumer has honed in on a single VIN? Learn the story of our proprietary Omni-Channel Network from one of the men behind our machine: Lance Schafer, LotLinx GM of Product and Technology. WHAT DOES LOTLINX MEAN BY “OMNI-CHANNEL?” One of the most frequently…
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According to recent LotLinx research, dealerships spend upwards of $8,000 a month on search engine marketing (SEM). Given the hefty investment and the wealth of data each search provides, shouldn’t you be fully optimizing your campaigns? We are at the precipice of a fourth industrial revolution – a period of great change that will be…
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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