See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ Industry roundup: FROM KELLEY BLUE BOOK: When will new car prices drop? New car prices remain significantly higher than pre-pandemic levels, with the average transaction price still nearly $11,000 above January 2020 levels, despite a recent dip. Inventory levels increased to a 96-day supply, creating more buying opportunities, especially for overstocked brands like Jaguar,…
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🗞️ Industry roundup: FROM WARDS AUTO: Shifting gears: What car buyers really want in 2025 Consumer interest in hybrids is rising, with 26% of U.S. buyers preferring them for fuel savings and lower emissions, while BEV interest remains limited due to charging concerns. Brand loyalty is weakening, with 46% of U.S. consumers planning to switch…
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🗞️ Industry roundup: FROM CAR AND DRIVER: President Trump signs executive order revoking Biden-era EV targets President Donald Trump has signed an executive order revoking Biden-era EV targets, including the goal for 50% of new cars sold by 2030 to be electric. The order also eliminates federal funds for EV charging stations and challenges state…
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🗞️ Industry roundup: FROM WARDS AUTO: Most automakers anticipate bright 2025 U.S. light vehicle sales reached over 15.8 million units in 2024, up 2.2% year-over-year and the highest recorded year of sales since 2019. GM and Ford maintained healthy sales increases, while Stellantis took a 20% hit. Many brands saw major double digit sales gains…
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: Ready for the back half of 2024? Explore 9 automotive dealership trends that will matter to your business in the months to come and 3 steps to stay competitive. Unpack trends including: Download now Industry roundup: FROM AUTOMOTIVE NEWS: U.S. vehicle inventory hovers below 3 million New-vehicle inventory levels have sat right under…
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Lotlinx insights: 10 tips for winning every day at the dealership In the competitive world of automotive sales, running a dealership means juggling numerous tasks to ensure smooth operations and satisfied customers. To help you excel, we’ve compiled a list of the top 10 daily tasks every dealership should prioritize. Download now Industry roundup: FROM…
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Lotlinx insights: How ChatGPT helps car dealerships make more sales Download the free infographic to learn how to increase productivity across four different dealership departments with ChatGPT. Plus, explore five different prompt frameworks to better improve your search queries when interacting with large language learning models, like Lotlinx’s Lex chatbot. Download now Industry roundup: FROM…
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Lotlinx insights: Bonnell Ford doubles sales with a new approach to marketing aged inventory Bonnell Ford has faced a host of challenges since Covid, including inventory shortages, payroll and price increases, and rising interest rates, all of which have made running the business more difficult. To address these issues, Bonnell Ford has partnered with Lotlinx…
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Lotlinx insights: Your Guide to Summer Sales Proactive inventory management can strengthen summer sales and heat up your dealership’s profitability. Download the Summer Sell Down Guide to learn: Download the free guide now. Industry roundup: FROM BLOOMBERG: GM, Porsche and even Musk agree: we’re going to need more gas While EVs could account for more…
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Lotlinx insights: Increase Summer Car Sales with Smart Strategies Webinar Summer is a critical time for car dealerships, driven by promotions and new inventory. Join us on July 18th at 1pm EST with Suzanne Reimer, Chief Marketing Officer at Lotlinx, for a webinar tackling this season’s challenges. Discover strategies for handling: Equip yourself with the…
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