🗞️ Industry roundup: FROM WARDS AUTO: Shifting gears: What car buyers really want in 2025 Consumer interest in hybrids is rising, with 26% of U.S. buyers preferring them for fuel savings and lower emissions, while BEV interest remains limited due to charging concerns. Brand loyalty is weakening, with 46% of U.S. consumers planning to switch…
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Experienced Automotive Leader to Drive Innovation and Elevate Dealer Success Through AI and Machine Learning DETROIT, Feb. 4, 2025 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today the appointment of Joshua Gonsenhauser as Vice President of Product Strategy. Gonsenhauser, a seasoned professional with over a decade of experience in automotive software and…
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The smarter vehicles get, the more refined or “interconnected” future changes in automobile technology will be. By 2030, up to 90% of new cars are anticipated to have built-in connectivity, which will fundamentally transform production. By that year, McKinsey predicts that 95% of new cars will have advanced connectivity. But beyond that, what will the…
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One for the books! Well, this NADA will go down in history books for sure. Unprecedented snowstorms, cancelled flights, and cross-country roadtrips set the scene for a crazy weekend in New Orleans. The Lotlinx team went above and beyond to put on a show worthy of its dealer attendees, complete with live speaking sessions, round-the-clock…
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🗞️ Industry roundup: FROM REUTERS: U.S. retail sales showcase economy’s enduring strength Retail sales across the nation grew 0.7% month-over-month in November, exceeding forecasts by 0.2% and showing strength in the consumer market. This growth was bolstered by a 2.6% increase in auto dealership sales and a 1.8% increase in online retail sales ahead of…
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New inventory grew by 9% causing day supply to increase by 3 days to 79 days as supply constraints were alleviated for some brands. Sales growth slowed slightly, increasing by just 1% MoM as prices continue to rise heading into the end of the year. However, hybrids saw list price fall by 5% YoY, contributing…
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The used car market has been a rollercoaster ride in recent years, influenced by factors like the pandemic, supply chain disruptions, and rising interest rates. As we look into 2025, learn the potential used car inventory trends that could shape the sector. January 2025 Used Car Market Forecast Inventory Used car inventory remains tight While…
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It’s common knowledge that the holiday season is a prime time for car buyers, making it a busy period for dealerships. However, not all days and weeks within this festive window are the same. According to MarketWatch, “the best time to buy a car is from October through January 1, with December as the standout.”…
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🗞️ Industry roundup: FROM WARDSAUTO: Retail ride still bumpy, but good news is ahead November 2024 marked strong new-vehicle sales, with a 6.7% YoY increase and consumer spending reaching nearly $50 billion, a record for the month. However, rising inventory levels and deeper discounts have driven down average transaction prices and dealer profits, with per-unit…
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November has been an important month for the automotive inventory market as dealers and manufacturers strive to balance supply and demand amidst various economic and technological challenges. The post-cyber breach landscape is stabilizing but has left a big imprint on how inventory data is managed and reported. This reset in operations provides the backdrop for…
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