🗞️ 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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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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FROM AUTO REMARKETING: Used Luxury Vehicles Selling Quickly The luxury segment continues to bolster used car demand, with the average days to sell only slowing slightly month over month from 38.9 to 42 days. Read More FROM THE WALL STREET JOURNAL: Auto Dealerships Can’t Keep Up With New Models. The Global Chip Shortage Is…
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FROM AUTOMOTIVE NEWS: Inventory up, but Still Leaner Than Pre-COVID The industry kicked off March with a 78-day inventory supply, around 2.82 unsold units – a slight increase from February, but a notable decrease from the year prior. Read More FROM THE NEW YORK TIMES: Electric Cars Are Coming. How Long Until They…
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FROM CAR AND DRIVER: Seat Foam Shortage Could Cut Car Production After a series of production hits, OEMs are keeping a close eye on the foam shortage that could slow interior manufacturing in the weeks to come. Read More FROM THE WALL STREET JOURNAL: Electric Vehicles Are the U.S. Auto Industry’s Future—if Dealers…
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FROM AUTOMOTIVE NEWS: Dealer Profits Surge 48% to Record in a ‘Unique’ 2020 The major jump in net profits was the result of operational streamlining that cut waste and expedited the sales process. Read More FROM NBC NEWS: Volvo to Sell All Its Cars Online, in Latest Example of How the Pandemic Has Reshaped…
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PCG Companies recognizes TURNx and VINtv at the 2021 Automotive Website Awards. LotLinx, the automotive industry’s leading Vehicle Marketing System, announced today its recognition in the 2021 Automotive Website Awards. PCG Companies’ Brian Pasch founded the AWAs in 2008 to recognize the best vendors in automotive digital marketing. Since then, they have become a benchmark…
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FROM FORBES: Storms Send Car Sales Sliding Down in February Total new vehicle sales may have dipped up to 7.6% this month as winter weather surged across the country. Read More FROM CAR AND DRIVER: Here Are All the Promises Automakers Have Made About Electric Cars What’s your OEM saying about EVs? Check out…
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