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.
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…
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Luckily, this week has an extra day of automotive advancements. Read while brands and models are topping the dependability charts, and why dealers can benefit from stocking new and used inventory. Plus, the growing impact of coronavirus. FROM WARDSAUTO: Car Dealers Who Sell Both New, Used Vehicles Trusted Most Shoppers depend on dealers to…
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Get lost in the biggest takeaways from NADA 2020, including the future of franchise dealerships, the need for millennial shoppers, and a message from Mary Barra. Plus, advice from the nation’s top CPO dealers. FROM AUTOMOTIVE NEWS: Incoming NADA Chairman: ‘Dealers Thrive on Disruption’ The leader of the National Automobile Dealers Association comforted show…
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Can you feel the automotive advancements in the air? This week, read why auto production is temporarily on the rocks and why EVs are finally earning some love. Plus, see which dealer is the apple of Ford’s eye. FROM CBT NEWS: Ford Dealer in Town of 700 Finishes 33rd in the Nation LotLinx friends…
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And the award for best automotive advancements goes to…industry-wide January sales gains, the EV ads that dominated the Super Bowl, and the fight to save sedans. FROM AUTOMOTIVE NEWS: Light Trucks Drive Toyota, Hyundai, Subaru, Kia to Gains January resulted in industry-wide gains for every reporting manufacturer aside from American Honda thanks to strong demand…
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Checkmate! The industry is making moves this week with dealers heading back out to auction and major OEMs committing to EV development. Plus, take a look at the models you should and shouldn’t have on your used car lot. FROM AUTO REMARKETING: Balmy January Creates Early Signs of Spring Market Unpredictable weather across the country…
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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