🗞️ 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: In January, These Used Vehicles Flew off the Lots It took the average used vehicle 38.9 days to sell last month, but keep an eye on low-inventory models and in-demand SUVs that are selling up to 30% faster. Read More FROM BUSINESS INSIDER: Here Are Some of the Car Models…
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FROM CAR AND DRIVER: People Still Buying Lots of SUVs and Crossovers, Sales Numbers Show Across most major brands, January new car sales were bolstered heavily by successful SUV and light truck models, while many cars continued to dip in popularity. Read More FROM WARDSAUTO: Car Dealers Called ‘Bulletproof Band of Brothers and…
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FROM AUTO REMARKETING: These 2020 Vehicles Show the Most Remaining Inventory Many domestic brands have high levels of lingering 2020 inventory, and dealers may once again see vehicle surpluses as OEMs continue to roll out delayed 2021 models. Read More FROM BLOOMBERG: Personal Cars Are Spared From Transport Plunge Personal car usage is…
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Dealership professionals can now acquire, market, and sell inventory faster with TURNx’s VIN-level predictive technology LotLinx, the automotive industry’s leading Vehicle Marketing System, announced today an expansion of their all-encompassing inventory marketing platform with the release of TURNx. The /AI/-powered solution brings real-time pricing, demand, and competitor data right to a dealer’s desktop, eliminating digital…
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FROM BLOOMBERG: Carmakers Face $61 Billion Sales Hit From Pandemic Chip Shortage The recent delay in semiconductor production is expected to cut global automotive manufacturing by 3% in Q1. This delay could become costly as in-unit electronics make up nearly 40% of a car’s value. Read More FROM CDO TRENDS: The Impact of…
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FROM CAR AND DRIVER: Fiat Chrysler and PSA Group Are Now Stellantis The world’s fourth-largest auto group will be focused on electrification and improving the global reputations of its 14 unique brands. Read More FROM AUTO REMARKETING: The Driveway Becomes the Dealer Lot: Trend to Continue in 2021 Consumer surveys have proven that…
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