🗞️ 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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🗞️ Industry roundup: FROM PR NEWSWIRE: Spring optimism boosts U.S. automobile dealer sentiment, despite weak profits, growing costs U.S. auto dealers are entering spring with increased optimism, as the market outlook index for Q1 reaches 58, the highest since 2022, indicating growing confidence for the next three months. While conditions have improved slightly from last…
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February 2025 showed mixed signals, with a slight uptick in sales but continued challenges in both new and used vehicle segments. Used car prices demonstrated signs of stabilization; however, inventory constraints remained a pressing issue, with the average days’ supply tightening to 39 days. Economic uncertainties and new trade policies introduced additional risks, particularly with…
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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 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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Sales volumes continued to grow for new vehicles, driven primarily by hybrids and EVs, while ICE units remained steady. Hybrids saw a standout performance, with sales increasing by 23% QoQ, making up 22% of Q4 2024 new vehicle sales. This represents a 3% increase from the previous quarter and a 4% increase from the same…
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