See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ 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…
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🗞️ Industry roundup: FROM FORBES: Shoppers sit on their wallets; October auto sales gain only slightly U.S. auto sales in October 2024 rose around 2.1% from October 2023, reaching around 1.3 million vehicles. Despite a 25.1% increase in inventory (1.9 million vehicles) and higher incentives averaging $3,149 (up 70.5% from last year), many customers are…
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Lotlinx insights: Lotlinx Q3 Vincensus Reveals A Largely Aging Vehicle Inventory Industry-wide inventory challenges persist as electrified vehicles gain market share; Lotlinx customers outperform market averages in inventory management Click here to read more and download the Q3 Vincensus report. Industry roundup: FROM CNBC: American consumers are increasingly underwater on their car loans The average…
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Lotlinx insights: Lotlinx Announces New Risk Report, Insight Into Dealer Inventory The brand new Risk Report offers a unique and customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly analysis of their store’s inventory data, and they…
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 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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