This isn’t just a chatbot. It’s an AI inventory strategist built for dealers. Ask it real questions about your inventory and it digs into your VIN-level data, pricing, market conditions, and shopper behavior to tell you exactly what to do next.
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Join Michael Cirillo, Carla Wade, and Kerri Wise for a discussion on the NADA floor, deep diving into the industry’s focus on AI.
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LotGPT spotted in the wild! Yossi J Levi gives Donald Kemp of Stowasser Buick GMC a live look at LotGPT’s insights on his store in the latest Car Dealership Guy podcast.
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Join Kerri and Todd Smith, CEO of QoreAI, for a deep dive into the real-world impact of Artificial Intelligence on the automotive industry.
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FROM JUST AUTO: U.S. Light Vehicle Market Forecast Slashed Analysts have cut annual sales predictions by 600,000 units, changing the outlook from 15.9 to 15.3 million units. Dealer inventories remain fairly flat month over month, meaning major increases are unlikely at this time. Read More FROM BLOOMBERG: Why Nearly Empty Auto Lots Make This Pump-Price…
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FROM AUTOMOTIVE NEWS: U.S. Dealership Sales Set a New Record in 2021 Franchised dealerships have seen a $153 billion sales increase since 2019 due to inflated transaction prices. While many analysts expect prices to peak eventually, few believe they’ll ever return to pre-pandemic levels. Read More FROM REUTERS: Europe’s Carmakers Scramble to Replace Ukrainian Auto…
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FROM COX AUTOMOTIVE: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year Dealer sentiment has slipped slightly but remains in positive territory this quarter. Feelings toward new-car sales and the market outlook have improved, while inventory levels are still a top stressor. Read More FROM NADA: Women Are the Backbone…
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FROM AUTOMOTIVE NEWS: Hyundai, Kia, Mazda Generate February U.S. Gains; Ford Drops 21%; Toyota and Honda Fall Ford, Honda, and Volvo contributed significantly to an 11.7% drop in new vehicle sales last month. This dip set in motion a SAAR decline from 15.2 million in January to 14.4 million. Read More FROM NBC NEWS: Ukraine…
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When the New car shortage began, dealers turned toward Used units to fulfill high levels of consumer demand. For months, dealers have hustled to acquire Used vehicles in order to capitalize on their record-breaking retail prices and transaction margins. The LotLinx Research Lab has kept a close eye on the latest Used inventory trends throughout…
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Key Insights: Dealerships are acquiring more inventory than they are selling. Used vehicle stocking levels have moved into the positive territory compared to Q4 last year. Days supply has increased by approximately 11 days since then. Although PVR has remained strong, there is increasing stress in the markets. Whereas dealers made far fewer markdowns in…
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