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: May Vincensus The Lotlinx Vincensus report demonstrates the state of automotive inventory across major OEMs. It provides a comparative analysis using Lotlinx’s proprietary Lexaca data that covers a range of indicators, including: Download the free May Vincensus Report for a comprehensive look at market trends for over 20 OEMs. Download Industry roundup: FROM…
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Lotlinx insights: April Vincensus Lotlinx has developed a detailed comparative analysis using Lotlinx’s proprietary Lexaca data that covers a range of indicators, including: Download the free April Vincensus Report for a comprehensive look at market trends for over 20 OEMs. Download Industry roundup: FROM AUTOMOTIVES NEWS: Bigger incentives, selection lure consumers back to dealerships; May…
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Lotlinx insights: Markdown Mythbusters Lotlinx has been tracking the price elasticity of millions of VINs for over 10 years, and we’ve uncovered some truths about pricing markdowns. Download the free Markdown Mythbusters infographic for answers to questions like: Download Industry roundup: FROM REUTERS: U.S. auto sales set to modestly rise in May, report shows Despite…
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Lotlinx insights: Q1 2024 Lotlinx Vincensus The Lotlinx Vincensus is a regularly syndicated report crafted to demonstrate the state of automotive inventory across major OEMs. It serves as a detailed comparative analysis that shows how each OEM is performing against industry benchmarks, so dealers can see where they rank amongst their competition. This approach not…
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Lotlinx insights: 2024 Auto Retail Inventory Pulse Our 2024 Spring Inventory Strategies Guide dives into the market factors that may create risk for your dealership this year and the strategies you can use to combat it. Use your guide to unpack: Download your free guide now to start defending against inventory risk: Download Industry roundup: FROM CBT…
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Lotlinx insights: 2024 Auto Retail Inventory Pulse This March, Lotlinx presented more than 2,500 auto professionals with a survey to see how they tackle inventory management. The results confirmed that many dealers are still behind the curve when it comes to inventory technology adoption. For example:– A third (31%) of dealers still rely on gut…
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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