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: What trends are impacting your dealership’s profitability? The EV inventory conundrum has introduced several trends currently shaping the market’s trajectory. As consumer demand shifts and unsold inventory accumulates, this webinar investigates 3 major trends and their implications for dealership profitability. Key takeaways: Watch now. Industry roundup: FROM CBT NEWS: New and used car payments…
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Lotlinx insights: Lotlinx Named Auto Dealership Technology of the Year by AutoTech Breakthrough PETERBOROUGH, N.H., Oct. 4, 2023 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific data solution for inventory management, has been named “Auto Dealership Technology of the Year” by AutoTech Breakthrough. The award-winning Lotlinx VIN Manager is an interactive precision retailing platform that delivers customized business tools to dealers…
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Lotlinx insights: The EV Inventory Conundrum: Trends Impacting the Market and Your Ability to Turn The EV market is experiencing an explosion of choices for consumers, driven by manufacturers expanding their options. While hybrids have been around for decades, the new era of efficient vehicles is all electric. However, the path to EVs becoming the…
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Lotlinx insights: The EV Inventory Conundrum: Trends Impacting the Market and Your Ability to Turn The EV market is experiencing an explosion of choices for consumers, driven by manufacturers expanding their options. While hybrids have been around for decades, the new era of efficient vehicles is all electric. However, the path to EVs becoming the…
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Lotlinx insights: Using Performance Metrics to Evaluate Digital Advertising Displaying the right ads to an in-market audience that is interested in the VINs a dealer is selling will always be more effective than producing many ads promoting a wide variety of vehicles. Read more Industry roundup: FROM AUTOMOTIVE NEWS: UAW-Detroit 3 negotiations live updates Stay tuned…
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Lotlinx insights: Keep selling inventory no matter how the market shifts. The comprehensive Lotlinx Guide to Inventory Strategies equips dealers with insights into evolving industry trends, 6 effective strategies to mitigate inventory risk, and an introduction to analytical tools for strategic decision making. Download your free guide. Industry roundup: FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda sales…
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.
