🗞️ 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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Data shows price pressures and aging carryover inventory increases, while Lotlinx customers maintain a competitive edge through strategic inventory management DETROIT, April 16, 2025 (GLOBE NEWSWIRE) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today its Q1 2025 Quarterly Vincensus Report, the most comprehensive monthly/quarterly inventory report in the industry. The report…
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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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Early Adopters See Significant Gains, but Industry-Wide Implementation Still Has Room for Growth DETROIT, March 26, 2025 (GLOBE NEWSWIRE) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today results of its latest industry survey, highlighting the increasing adoption and significant benefits of machine-driven technologies among auto retailers. The online survey,…
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DETROIT, Sept. 17, 2024 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today results of its latest industry survey, which took the pulse of today’s auto retailers in understanding how they are managing inventory carryover strategies, and where they are seeing the greatest challenge with markdowns as it relates to aging…
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The market showed stabilization in new car pricing but could see more aggressive discounting strategies to manage inventory levels. Aging concerns YoY were still very much present as aged inventory increased by 11% and day supply increased by 25 days YoY. While some recalls and supply chain issues affected specific model sales, the overall market…
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Lotlinx insights: 10 tips for winning every day at the dealership 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 a list of the top 10 daily tasks every dealership should prioritize. Download now Industry roundup: FROM…
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The automotive industry is constantly changing. When it changes, it presents brand new varied, wide, and complex risks for car dealerships: market fluctuations, new regulations, reputation threats, and cybersecurity issues. To protect profits, dealerships must adapt fast and proactively manage potential crises on the lot and in the inventory. Honoring risk management in car dealerships…
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What is the ideal car-buying experience? For many, it starts with scrolling through vehicle detail pages (VDPs) from the comfort of their couch, comparing photos, prices, and models, reading descriptions, and idealizing their perfect ride. This is most likely all done before even stepping foot into the dealership. But before you list your inventory, are…
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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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