Innovative AI-driven Solutions And Standout Leadership Propel The Company To The Forefront of Automotive Technology DETROIT –Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, is proud to announce that it has been named the winner of the 2024 AutoTech Breakthrough Award in the “Best Use of AI in AutoTech” category. This…
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For over 100 years, the Lake Auto Group has been serving customers in the highly-competitive Milwaukee market. In order to stay sharp, the group’s Chevrolet and Ford stores enlisted the help of the Lotlinx VIN-specific platform and the Showroom mobile-optimization product. Together, the stores were able to improve their online inventory listings, attract more interested…
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Lotlinx insights: Lotlinx Announces New Risk Report, Insight Into Dealer Inventory The brand new Risk Report offers a unique and customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly analysis of their store’s inventory data, and they…
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In today’s competitive automotive market, a well-stocked inventory is just scratching the surface. The key to success comes from developing a strategic approach to guide potential customers through the buying process. According to Consumer Affairs, there were over 52 million car sales in 2022. With demand at its highest since before the pandemic, mastering your…
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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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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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