See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ 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 more
🗞️ Industry roundup: FROM REUTERS: U.S. retail sales showcase economy’s enduring strength Retail sales across the nation grew 0.7% month-over-month in November, exceeding forecasts by 0.2% and showing strength in the consumer market. This growth was bolstered by a 2.6% increase in auto dealership sales and a 1.8% increase in online retail sales ahead of…
Read more
🗞️ Industry roundup: FROM WARDSAUTO: Retail ride still bumpy, but good news is ahead November 2024 marked strong new-vehicle sales, with a 6.7% YoY increase and consumer spending reaching nearly $50 billion, a record for the month. However, rising inventory levels and deeper discounts have driven down average transaction prices and dealer profits, with per-unit…
Read more
🗞️ Industry roundup: FROM J.D. POWER: Inventory and pricing drive gains in sales satisfaction but other areas have modest improvement, J.D. Power finds Customer satisfaction with the vehicle purchase process rose to 801 on J.D. Power’s 1,000-point scale, up from 793 last year, according to the 2024 U.S. Sales Satisfaction Index (SSI) Study. Improved inventory…
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, don’t be caught off guard by the impacts of COVID-19. Read how dealers, vehicle sales, and customer satisfaction are adjusting to the virus, and how AI could push scientists closer to a vaccine. FROM WARDSAUTO: Car Dealers Tell What They’re Going Through Increasing state restrictions are forcing dealers to get creative with…
Read more
This week, we’re keeping the faith. Read why NADA is speaking out about dealership closures, how OEMs are giving back to the medical community, and why social distancing might be a win for digital retailing. FROM REUTERS: Coronavirus Drags Car Dealers Into Digital Commerce Unprecedentedly, the rise of social distancing is challenging dealers to…
Read more
You don’t have to be in the office to read the latest automotive advancements. This week, get up to date on safety precautions from both dealerships and global manufacturers. Plus, why some consumers aren’t too keen on shopping from home. FROM REUTERS: Carmakers Curb European Production as Coronavirus Hits Major OEMs are taking steps…
Read more
Cheers to this week’s automotive advancements! Read about GM’s pot of EV gold, and why the luck of incentives saved February sales. Plus, can OEMs see a light at the end of the coronavirus tunnel? FROM AUTOMOTIVE NEWS: ‘Crazy’ Spiffs, Leap Year Lift Feb. Sales Last month, unprecedented incentives kept the market afloat and…
Read more
This week, read how the industry is toughening up against looming concerns. February saw sales gains for nearly every reporting OEM, while CPO numbers continue to set records. Plus, why car owners are winning the battle for mobility. FROM AUTOMOTIVE NEWS: Toyota, Honda, Hyundai Rack up Gains in Feb. President’s Day sales resulted in…
Read more
The VIN View Optimizer (VVO) gives dealers complete transparency into their inventory, down to the VIN-level, in one easy tool. LotLinx fully integrates with a dealer’s existing Google Analytics to track engagements from every online source, including third parties and SEM. VVO then analyzes a store’s entire inventory exposure to identify the most profitable promotion…
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.
Subscribe to our newsletter
Join the thousands of subscribers who receive guides and tips on improving dealership profitability
Copyright © Lotlinx Inc.
