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.
FROM AUTOMOTIVE NEWS: Inventories at Lowest Point Since October ’09 The latest update on inventory levels has dealer lots sitting 43% leaner than this time last year, with an average 35-day supply. Pickup, SUV, and crossover segments continue to take the largest stocking hits. Read More FROM AUTO REMARKETING: Consumers Hit the Road…
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FROM CAR AND DRIVER: This Ford Dealer Normally Stocks 1500 Cars; Now They Have 30 Hundreds of freshly-produced vehicles sit across the country awaiting microchip installation while dealers struggle to scrape together inventory and consumers wait patiently for their preferred model. Read More FROM AUTOMOTIVE NEWS: Despite Inventory Woes, Automakers Post Records as May…
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FROM AUTOMOTIVE NEWS: Hyundai, Kia Set Monthly Records on Strong Retail Volume May sales results are still trickling in, but the predicted 16.2 million SAAR is a notable dip from April. New vehicle supplies were down to 1.95 million units for the month, causing average transaction prices to rise 3.1%. Read More FROM…
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Similar to legislators and tech giants, LotLinx understands the privacy concerns associated with cookie data and has ensured its audience and ad targeting platform operates free of the tracking technology. THE CASE AGAINST COOKIES There are a number of key factors that outline the industry’s – and the LotLinx product’s – shift away from cookie…
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FROM KELLEY BLUE BOOK: Car Shopping This Memorial Day? You’ll Need a New Strategy The government’s proposed plan would put serious emphasis on U.S.-based EV production, consumer rebates, expanding charging stations, and electrifying transit vehicles. Read More FROM CAR AND DRIVER: Ford F-150 Lightning Pro Brings Electric Truck’s Capabilities to Work, Fleets The truck’s…
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FROM REUTERS: Biden Pitches $174 Billion EV Plan in Michigan The government’s proposed plan would put serious emphasis on U.S.-based EV production, consumer rebates, expanding charging stations, and electrifying transit vehicles. Read More FROM CNBC: Chip Shortage Expected to Cost Auto Industry $110 Billion in Revenue in 2021 Analysts now believe the financial impact…
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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