For years, dealerships have walked on a tightrope of car inventory challenges, stocking up on the right VINs without risking overspending on inventory that could sit unused for extended periods. The unpredictable nature of sales and the unique customers that arrive at any given moment looking for a specific vehicle model make inventory management complex….
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Digital disruption is hitting the world at an ever-evolving pace, and this could be said for any industry, including automotive companies and the largest original equipment manufacturers (OEMs). To adapt, car dealers must digitalize sales with virtual selling — transforming traditional selling methods into an innovative, tech-savvy marketplace. The art of virtual sales in the…
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Lotlinx insights: 2024 Auto Retail Inventory Pulse This March, Lotlinx presented more than 2,500 auto professionals with a survey to see how they tackle inventory management. The results confirmed that many dealers are still behind the curve when it comes to inventory technology adoption. For example:– A third (31%) of dealers still rely on gut…
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The amount of wasted spending on digital advertising can vary significantly depending on various factors such as the targeting accuracy of the campaigns, the effectiveness of ad creative, ad fraud, and the specific goals of the advertisers. Estimates of wasted spending in digital advertising typically range from 30% to 80%. At Lotlinx, our data suggests…
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Lotlinx insights: The NADA Show has officially wrapped, but the year is still heating up! Over 23,000 automotive professionals attended NADA for a weekend filled with game-changing technology, revenue-generating best practices, and trailblazing partnerships. Check out everything that went down during the event! Learn more. Industry roundup: FROM AUTOMOTIVE NEWS: Market cools as sales pace…
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The NADA Show has officially wrapped, but the year is still heating up! With over 23,000 automotive professionals in attendance, this year’s NADA was filled with game-changing technology, revenue-generating best practices, and trailblazing partnerships. Check out everything that went down during the event: Industry Trends: Cutting-edge technology This year’s event theme “Driving the Future” could…
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Lotlinx insights: Is 2024 still in recovery mode? We think so. Our 2024 Inventory Predictions guide lays out the five reasons why the automotive market is still rebounding in the new year, so that your dealership can understand potential risk factors crucial for managing sales and profitability. Download the guide. Industry roundup: FROM COX AUTOMOTIVE:…
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Lotlinx insights: Spots are filling up fast – request a demo today! Join us at NADA 2024 in Las Vegas to learn how our data-enriched, AI-powered inventory management can transform your dealership. Get ready to experience the Lotlinx Effect when you request a demo today. Learn more. Industry roundup: FROM COX AUTOMOTIVE: New-vehicle inventory remains…
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Lotlinx insights: A look ahead: predictions for automotive inventory in 2024 Industry reports hint at a return to normalcy in new-vehicle sales, despite challenges and uncertainty regarding the new definition of “normal” in the automotive industry. Join us Thursday, January 18th at 2:00 PM EST to: Register now. Industry roundup: FROM FORBES: Experts say both…
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Lotlinx insights: Experience the Lotlinx Effect at NADA Ready for your most memorable NADA yet? Experience the future of automotive innovation with dynamic live demos showcasing our AI-powered inventory management. Receive exclusive rewards upon registration and delve into thought-provoking speaker sessions, including impactful insights from Formula One’s Mark Gallagher. We can’t wait to see you…
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