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…
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🗞️ 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…
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🗞️ 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…
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🗞️ 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: Tools Dealers Need to Manage the Shifting Marketplace: In this episode of the Auto Remarketing Podcast, Lotlinx senior director of product management Alex Karpyza examines the shifting marketplace dealers are facing nowadays. Karpyza also highlights a series of tools — many that are free for dealers to use — so managers can ensure…
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Lotlinx insights: 2023 Operational Control Dealer Playbook: Learn how top dealers are doubling down on their business: Download the playbook today Industry roundup: FROM CBT NEWS: Inventors, designers, and C-Suite: 20 female pioneers who changed the automotive industry The automotive industry is anything but a “man’s world.” Women have been changing the industry landscape since the…
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FROM AUTOMOTIVE NEWS: Hyundai, Kia, Subaru sales advance 7th straight month; Toyota slips Analysts predict that light-vehicle sales have increased anywhere from 3.9% to 7.2% throughout the month of February. These predictions are the result of significant inventory growth, a minimal increase in average transaction prices, and a 9% increase in incentive spending. Read more FROM…
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FROM AUTOMOTIVE NEWS: Public groups see solid supply gains Major auto groups are seeing significant improvements in domestic new-car inventory levels, but luxury and import models are still slow to rebound. At the end of 2022, all public groups had at least an 18-day supply of inventory, but the journey to get there varied by…
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FROM J.D. POWER: Vehicle dependability improves despite continued problems with technology The average number of problems per 100 vehicles has declined year over year, meaning automakers are improving the quality and appeal of their models. However, the divide between luxury and mass market brands continues to widen as luxury brands test more complex technology offerings….
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FROM CNBC: Used vehicle prices swing higher amid unseasonably strong demand in January Used vehicle values rose 2.5% month-over-month in January, one of the largest price jumps since fall 2021. Prices are still trending down year-over-year, but the notable jump signals consistent shopper demand for the second-hand inventory. Read More FROM WARDS AUTO: Auto loan amounts…
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.
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