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.
This week’s auto advancements hit it out of the park. Check out a list of the top 500 dealers in the nation and predictions for July used-car sales. Plus, read why the average age of vehicles continues to rise. FROM WARDSAUTO: Dealer 500: Home of the Brave Faces The top 500 dealers in the…
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This week’s auto advancements are moving right along. Read about the rapid rise of wholesale vehicle prices, the industry-wide push toward EVs, and which brands are dominating customer retention. FROM AUTO REMARKETING: Wholesale Vehicle Prices Start July on Another Record Pace Early July wholesale prices are up 11% year over year and 4.4% from…
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This week’s automotive advancements have a lot to say! Read why OEMs are amping up their EV output, and how the industry can create space for more minority dealers. Plus, could U.S. factories face further shutdowns? FROM THE NEW YORK TIMES: Automakers Are Making Cars, but Virus Surge Puts That at Risk While factories…
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You’ll want in on this week’s automotive advancements. Used car sales are on the rise, and dealers share their opinions on the summer market. Plus, all you need to know about the CBT News MarketCenter powered by LotLinx. FROM THE WALL STREET JOURNAL: During COVID-19 Pandemic, the Used-Car Lot Is Hot The rebound of…
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On April 16th, 2020, the product team at LotLinx began noticing an uptick in traffic coming from Little Rock, AR in our clients’ Google Analytics accounts. Our company uses our own proprietary click tracking system that allows us to troubleshoot issues like these for our clients. We went through our click tracking log files and…
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First things first, June sales numbers are on the rebound. Read more to learn how OEMs are maintaining new car incentives, and why CPO might be the right option for hesitant buyers. FROM WARDSAUTO: June Auto Sales Improve, but Just a Bit Month over month sales are on the rise despite June inventory levels…
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