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.
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…
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Lotlinx insights: A look ahead: predictions for automotive inventory in 2024 Industry reports hint at a return to normalcy in new-vehicle sales, despite challenges and uncertainty regarding the new definition of “normal” in the automotive industry. Join us Thursday, January 18th at 2:00 PM EST to: Register now. Industry roundup: FROM FORBES: Experts say both…
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Lotlinx insights: Experience the Lotlinx Effect at NADA Ready for your most memorable NADA yet? Experience the future of automotive innovation with dynamic live demos showcasing our AI-powered inventory management. Receive exclusive rewards upon registration and delve into thought-provoking speaker sessions, including impactful insights from Formula One’s Mark Gallagher. We can’t wait to see you…
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.
