See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ Industry roundup: FROM WARDSAUTO: Dealers brace for BEV, tariff price crunch U.S. auto dealers are anticipating significant price increases due to the 25% tariffs on imported vehicles and parts, which could raise average transaction prices by $6,000 for imported models and $3,000 for U.S. built vehicles. In March, new-vehicle sales surged to 1.59 million…
Read more
🗞️ Industry roundup: FROM REUTERS: U.S. first-quarter auto sales get a lift from looming Trump tariffs U.S. auto sales rose 4.8% in the first quarter to approximately 3.91 million units, driven by strong demand for pickup trucks and SUVs. General Motors led the market with a 17% increase in sales, fueled by popular models like…
Read more
🗞️ Industry roundup: FROM PR NEWSWIRE: Spring optimism boosts U.S. automobile dealer sentiment, despite weak profits, growing costs U.S. auto dealers are entering spring with increased optimism, as the market outlook index for Q1 reaches 58, the highest since 2022, indicating growing confidence for the next three months. While conditions have improved slightly from last…
Read more
🗞️ Industry roundup: FROM WARDSAUTO: Auto market thrives despite rising inventories, economic and political pressures Rising inventory levels, declining fleet sales, and increasing consumer affordability concerns are putting pressure on the U.S. auto market, with negative equity on trade-ins climbing to 25.5% of buyers. Despite these challenges, new-vehicle retail sales are projected to rise 8.1%…
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 insights: End of April is here! Have you moved all of your inventory? Manage inventory risk and move last-minute units before the EOM clock runs out. Start with an Inventory Risk Analysis: – Compare your store’s data with top competitors– Move inventory faster– Make your advertising dollars go further– Provide visibility on every VIN…
Read more
Lotlinx insights: Spend the right amount of budget on the right cars Understanding your inventory’s risk and waste gives dealers financial, operational, and marketing control. Watch general manager, Lance Schafer, and senior director of product management, Alex Karpyza, discuss the difference between risk and waste on dealership lots. Watch the video Industry roundup: FROM COX…
Read more
Lotlinx insights: As a Lotlinx News reader, your feedback is important! We’re proud to connect with over 30,000 subscribers every week, and we strive to make each reader’s subscription worth their while. Please fill out the below survey to help our team tailor Lotlinx News content to your preferences. It is 15 questions and only…
Read more
Lotlinx insights: Q1 Content Roundup: News and insights for tackling Q2 at your store View the latest news and insights from Lotlinx: Read more Industry roundup: FROM AUTOMOTIVE NEWS: 2023 Automotive News list of the top U.S. dealership groups shows many shifts Despite market challenges, the top dealership groups in the nation continue to thrive. Year-over-year,…
Read more
Lotlinx insights: Silicon Review: 50 Leading Companies of the Year 2023 With decades of automotive experience between them, Lotlinx’s Founders Len Short, Robert Vucic, and Jason Knight understand the problems dealers face. With too many layers wedged between dealers and shoppers, they aim to give dealers more control. At the time of Lotlinx’s founding, the…
Read more
Lotlinx insights: Q1 Check-in: How to set expectations for your dealership in 2023 and beyond Many dealerships are struggling to set expectations in the face of an unpredictable year. It is important for businesses to learn from experts who are at the forefront of industry innovations. Len Short, Lotlinx chairman and CEO, has a wealth…
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.
