Webinar recording from August 21, 2024. In today’s challenging auto-retail market, dealers are in savings mode, struggling to hold gross profits while navigating tight profit margins. Effective inventory management has never been more crucial. In this webinar, an expert from Lotlinx will delve into how you can manage inventory more efficiently, as well as explain…
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The overall market sentiment remained cautious due to the lasting impact of the CDK hack. While the most severe effects were mitigated, the market has not yet fully normalized. The automotive sector demonstrated resilience, particularly in used car sales that saw an 11% increase, but struggled to fully recover lost sales and demand, especially for…
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Lotlinx insights: How ChatGPT helps car dealerships make more sales Download the free infographic to learn how to increase productivity across four different dealership departments with ChatGPT. Plus, explore five different prompt frameworks to better improve your search queries when interacting with large language learning models, like Lotlinx’s Lex chatbot. Download now Industry roundup: FROM…
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Powered by Lexaca data, the Vincensus Report marks an exciting step forward for auto dealers, thanks to Lotlinx. This innovative initiative provides real-time insights into inventory management and OEM-specific data, equipping dealers with the tools they need to stay ahead in a competitive market. Drawing from a staggering 24 billion data points, Vincensus gives dealers…
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In the competitive world of automotive sales, running a dealership means juggling numerous tasks to ensure smooth operations and satisfied customers. To help you excel, we’ve compiled this list of the top 10 daily tasks every dealership should prioritize. By mastering these dealership best practices, you’ll improve your dealership’s performance and foster stronger relationships with…
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Welcome to the future of car buying. Today’s marketable cars are on another level of user experience. The days of visiting multiple dealerships are behind us; now, buyers can explore a vast selection of vehicles without leaving home. With immersive 360° videos, customers can experience virtual test drives and detailed inspections, making the process feel…
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Electric mobility is changing the nature of the auto industry and will affect virtually every aspect of business. EVs have a big environmental advantage over their gas-guzzling counterparts, emitting far fewer carbon emissions over their lifespan. The US Department of Energy notes that EVs release about 3,932 pounds of carbon equivalent annually, whereas traditional gas…
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Lotlinx insights: Bonnell Ford doubles sales with a new approach to marketing aged inventory Bonnell Ford has faced a host of challenges since Covid, including inventory shortages, payroll and price increases, and rising interest rates, all of which have made running the business more difficult. To address these issues, Bonnell Ford has partnered with Lotlinx…
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Bonnell Ford has faced a host of challenges since Covid, including inventory shortages, payroll and price increases, and rising interest rates, all of which have made running the business more difficult. To address these issues, Bonnell Ford has partnered with Lotlinx to revolutionize its vehicle marketing strategy. By leveraging Lotlinx’s proprietary AI and machine learning…
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Webinar recording from July 18th, 2024. Summer has always been a crucial season for car dealerships. The momentum generated by promotions and new inventory turns up the heat, but with the evolving market landscape, historical sales patterns are no longer accurate. After years of industry disruptions and fluctuating economic conditions, it’s time to revamp your…
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