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 CAR AND DRIVER: President Trump signs executive order revoking Biden-era EV targets President Donald Trump has signed an executive order revoking Biden-era EV targets, including the goal for 50% of new cars sold by 2030 to be electric. The order also eliminates federal funds for EV charging stations and challenges state…
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Dealers will get an up-close view of tomorrow’s Machine-Assisted Dealership at Lotlinx’s NADA booth showcasing how dealers manage their inventory with advanced AI powered Virtual Inventory Agent NEW ORLEANS, Jan. 21, 2025 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific platform enabling advanced dealership inventory management, announced today its new suite of innovative data technology resources leveraging a first-of-its…
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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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As the temperatures plummet and Q4 comes to a close, automotive dealerships need to do a little “winter cleaning.” Of course, this means clearing out the lots by targeting slow-moving vehicles. Any good operation knows that inventory management directly correlates with the success of the dealership. Still, even the most efficient staff can encounter hurdles…
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🗞️ Industry roundup: FROM J.D. POWER: Inventory and pricing drive gains in sales satisfaction but other areas have modest improvement, J.D. Power finds Customer satisfaction with the vehicle purchase process rose to 801 on J.D. Power’s 1,000-point scale, up from 793 last year, according to the 2024 U.S. Sales Satisfaction Index (SSI) Study. Improved inventory…
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