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.
FROM AUTOMOTIVE NEWS: Market Slide Continues in June; Ford Gain Signals Rebound Underway A 25% decrease in U.S. auto sales has been recorded for Q2, with a forecasted annual rate of sales to fall between 13 and 13.8 million – a slight improvement from May’s results. Ford outperformed the market this quarter, closing June with…
Read more
FROM KELLEY BLUE BOOK: Don’t Expect Many July 4 Car Deals This Year Due to almost record-high new vehicle prices in May, dealers are unlikely to offer any discounts during this holiday weekend. Shoppers on the lookout for deals should be flexible, buy used, and stray away from popular models. Read More FROM FORBES: U.S….
Read more
FROM AUTOMOTIVE NEWS: New Vehicle Prices Surge, But There’s No Shortage of Buyers New car costs are nearly equivalent to the U.S. median household income – around $55,821 or about 41.3 weeks of income. Despite record high transaction prices, dealers still aren’t struggling to find eager buyers for their arriving vehicles. Read More FROM NEW…
Read more
FROM COX AUTOMOTIVE: Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory Dealer sentiment has slipped for the fourth straight quarter. Opinions toward inventory levels have flip-flopped year over year, with outlooks toward new inventory supply improving and used inventory supply declining. Read More FROM REUTERS: U.S. Automaker CEOs, Toyota Urge Congress to…
Read more
FROM JUST AUTO: U.S. Light Vehicle Market Down 29% In May May 2022 sales volume totaled 1.1 million units, a 29% year over year decline. Thus far, accumulated sales for 2022 have dropped 19%, settling at 5.65 million units. Read More FROM CBT NEWS: Suppliers Get Creative to Battle Raw Materials and Semiconductor Shortages The…
Read more
FROM KELLEY BLUE BOOK: Dealers Paying More for Used Cars: What That Means for You In the first half of May, dealers paid 12.1% more for the average used car than they did last year. The result is inevitable – buyers are seeing continuous price increases. Read More FROM CAR AND DRIVER: Survey: EV Price,…
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.
