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: Experience the Lotlinx Effect at NADA Join us at NADA 2024 in Las Vegas to discover how our data-enriched, AI-powered inventory management can elevate your dealership. Engage with live demonstrations and gain valuable insights through expert sessions. Don’t miss out – get ready for your most memorable NADA yet! Learn more. Industry roundup:…
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Lotlinx insights: Experience the Lotlinx Effect at NADA Join us at NADA 2024 in Las Vegas to discover how our data-enriched, AI-powered inventory management can elevate your dealership. Engage with live demonstrations and gain valuable insights through expert sessions. Don’t miss out – get ready for your most memorable NADA yet! Learn more. Industry roundup:…
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Lotlinx insights: Get ready to experience the Lotlinx Effect As the highly anticipated NADA Show 2024 draws near, Lotlinx stands ready to elevate your dealership to the next level. Immerse yourself in innovation as we demonstrate our advanced AI-powered technology to move cars faster, increase daily shopper actions, and move sell rate to extraordinary levels….
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Lotlinx insights: McCarthy Auto Group boosts conversions 140% in one month with Lotlinx Matt Hunnicutt, Advertising Director at McCarthy Auto Group, uses the Lotlinx platform to manage inventory marketing across all twelve rooftops in Kansas City. Lotlinx AI and machine learning technology has decreased the marketing cost per unit, decreased the average days on lot…
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Lotlinx insights: “I can’t think of a month – or a year – when my ROI with Lotlinx wasn’t excellent.” Erik Butler, General Manager at Kia of Everett, attests to the success of their partnership with Lotlinx, utilizing the precision retailing platform for over 5 years across two Harnish Auto Family stores. With a 30%…
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Lotlinx insights: The winter season is quickly approaching. Do you have overstock inventory? Discover the trends impacting your inventory and leverage VIN-specific strategies to keep cars moving this winter season. Download the FREE Lotlinx Selldown Guide to effortlessly sell down your end-of-year inventory. Download the guide. Industry roundup: FROM CBT NEWS: EV sales set to break…
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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