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: Defend Against Inventory Risk on Your Lot Our 2024 Dealership Inventory Predictions and Strategies playbook 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 playbook to unpack: Download your free playbook now to start defending against inventory risk: Download Industry…
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Lotlinx insights: Strategies to Combat Inventory Risk Checklist Managing your dealership’s inventory risk factors will be crucial in achieving sales and profitability in 2024. Is your dealership’s inventory strategy ready to take on the changing market? The Lotlinx Inventory Strategies Checklist covers six steps to analyze your inventory management and combat inventory risk. Download your free checklist…
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Lotlinx insights: Lotlinx Product Updates with Alex Karpyza – LIVE at NADA 2024 Alex Karpyza is the current Vice President of Commercial Operations and former Senior Director of Product Management at Lotlinx. He took to the Lotlinx stage live at the NADA Show Conference and Expo for the second year in a row to cover…
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Lotlinx insights: The NADA Show has officially wrapped, but the year is still heating up! Over 23,000 automotive professionals attended NADA for a weekend filled with game-changing technology, revenue-generating best practices, and trailblazing partnerships. Check out everything that went down during the event! Learn more. Industry roundup: FROM AUTOMOTIVE NEWS: Market cools as sales pace…
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Lotlinx insights: Is 2024 still in recovery mode? We think so. Our 2024 Inventory Predictions guide lays out the five reasons why the automotive market is still rebounding in the new year, so that your dealership can understand potential risk factors crucial for managing sales and profitability. Download the guide. Industry roundup: FROM COX AUTOMOTIVE:…
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Lotlinx insights: Spots are filling up fast – request a demo today! Join us at NADA 2024 in Las Vegas to learn how our data-enriched, AI-powered inventory management can transform your dealership. Get ready to experience the Lotlinx Effect when you request a demo today. Learn more. Industry roundup: FROM COX AUTOMOTIVE: New-vehicle inventory remains…
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.
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