Webinar recording from April 16, 2025. In the evolving automotive retail industry, artificial intelligence and machine learning are not just technological advancements—they are a strategic imperative for dealerships seeking to transform their operations. Lotlinx GM of Product and Technology Lance Schafer will deliver a comprehensive exploration of how AI and ML are fundamentally reshaping the…
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🗞️ Industry roundup: FROM WARDSAUTO: Dealers brace for BEV, tariff price crunch U.S. auto dealers are anticipating significant price increases due to the 25% tariffs on imported vehicles and parts, which could raise average transaction prices by $6,000 for imported models and $3,000 for U.S. built vehicles. In March, new-vehicle sales surged to 1.59 million…
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Data shows price pressures and aging carryover inventory increases, while Lotlinx customers maintain a competitive edge through strategic inventory management DETROIT, April 16, 2025 (GLOBE NEWSWIRE) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today its Q1 2025 Quarterly Vincensus Report, the most comprehensive monthly/quarterly inventory report in the industry. The report…
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🗞️ 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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FROM U.S. NEWS: There’s Nothing ‘Normal’ About Labor Day 2021 The end-of-summer holiday normally signals a return to routine, but this year’s long weekend hinted at decreases in travel, manufacturing output, and economic growth Read More FROM AUTOMOTIVE NEWS: Customers Lose Patience as Chip Crisis Shows No Signs of Letting Up GM, Ford,…
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FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia Sales Slip in August as Chip Woes Spread Analysts predict light-vehicle sales have fallen anywhere between 4 and 18 percent in August, and SAAR now sits between 13.1 and 14.4 million units. Meanwhile, average transaction prices continue to rise for most major OEMs. Read More FROM THE…
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FROM BLOOMBERG: Chip Crisis Threatens to Cut Auto Output by 7.1 Million Cars Pandemic-related lockdowns in Southeast Asia are worsening the semiconductor shortage and cutting auto output by nearly 2.1 million units this quarter. Now, chip production is not expected to level out until Q2 2022. Read More FROM AUTOMOTIVE NEWS: Now It’s…
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FROM AUTOMOTIVE NEWS: Dealership Throughput Set to Rebound in 2021 A recent study predicts the average dealership throughput will be close to 910 units this year, a dip from the mid-2010s but a 100 vehicle increase from 2020’s plummet. The number of new dealership rooftops also rose year over year. Read More FROM…
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FROM REUTERS: Inflation Risk or Profit Engine? High Car Prices Are Both Dealers are relishing the increase in both new and used car prices, grossing an average $4,200 per transaction. But, price inflation is impacting the country at large and could potentially isolate future consumers. Read More FROM AUTOMOTIVE NEWS: Senate Passes $1…
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The automotive technology company announced major product updates to its proprietary analytics tool LotLinx, the automotive industry’s leading inventory marketing technology company, announces the revamp of their award-winning marketing tool, the VIN View Optimizer (VVO). The VVO breaks down a dealership’s marketing spend by VIN, by channel, and by source/medium, helping cutting-edge dealers run the…
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