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 automotive advancements are packing a punch. Read why subscription services might not be the underdog for long and why CPO sales are aiming for a record-breaking decade. Plus, why Tesla continues to hold the heavyweight title in the EV market. FROM AUTOMOTIVE NEWS: 2020 Predictions on Subscription Services, U.S. Sales Analysts expect consumers…
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Automotive advancements are winning the week! Read why SUVs are starting to dominate the EV market and why it might be time for cars to make their comeback. Plus, are millennials the industry’s secret weapon? FROM AUTOMOTIVE NEWS: A Closer Look at 2019 U.S. Auto Sales Get down to the nitty gritty of last year’s numbers…
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Automotive advancements are a dish best served cold. This week, take a look at the new and used sales numbers from the end of 2019. Plus, see how incentive spending and new vehicle prices impacted a slow December. FROM BUSINESS INSIDER: New Vehicle Sales in U.S. Fell 1.3% in 2019 but Still Healthy New vehicle…
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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