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.
Today’s digital marketing model has pulled dealers further from the heart of their business – the inventory. The evolution of the Internet has created an inventory marketing trap. Dealers have fallen into a cycle of arbitrary spending, and the lack of differentiation across an endless number of channels has once again leveled the playing…
Read more
FROM CNN: Americans Are Buying Cars Again Auto sales have officially recovered quicker than expected, with many OEMs seeing their yearly declines saved by successful fourth quarters. Read More FROM WARDSAUTO: Six Auto Trends to Track in 2021 After 2020, nothing is certain – but experts try to weigh in on the…
Read more
FROM REUTERS: Increased New-Car Demand During Pandemic Has U.S. Industry Optimistic About 2021 Major manufacturers are predicting new car sales between 15 and 16 million units this year thanks to a rebound in consumer sentiment. Read More FROM WARDSAUTO: Car Dealers Should Walk the Walk, Online and Off Properly pricing inventory for…
Read more
FROM CNN: Auto Trends of 2020: Online Buying, Electric Trucks and SUVs Go off-Road Again Coming out of an unconventional year, the automotive industry is ready to take on 2021 armed with many new consumer insights, manufacturing priorities, and dealership operations. Read More FROM BLOOMBERG: The Automakers That Have Won Big or Lost…
Read more
FROM WARDS AUTO: Pandemic Fast-Forwards Digital Auto Retail to New Reality As dealers fast-tracked implementation of digital tools and processes, satisfaction among digital customers has steadily increased, all signs pointing to digital retail and remote buying being the industry’s new reality. Read More FROM AUTOMOTIVE WORLD: Is Car Ownership Back in the Driving…
Read more
FROM CAR AND DRIVER: Top 10 Cars You Couldn’t Get Enough of in 2020 After an unconventional year, take a look back at the car stories that kept everyone entertained and excited for the future of automotive. Read More FROM AUTO REMARKETING: Study Suggests Bargain Shoppers Might Rethink That Holiday Car Purchase A…
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.
