🗞️ 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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Today’s digital marketing model has pulled dealers further from the heart of their business – the inventory. The evolution of the Internet has created an inventory marketing trap. Dealers have fallen into a cycle of arbitrary spending, and the lack of differentiation across an endless number of channels has once again leveled the playing…
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FROM CNN: Americans Are Buying Cars Again Auto sales have officially recovered quicker than expected, with many OEMs seeing their yearly declines saved by successful fourth quarters. Read More FROM WARDSAUTO: Six Auto Trends to Track in 2021 After 2020, nothing is certain – but experts try to weigh in on the…
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FROM REUTERS: Increased New-Car Demand During Pandemic Has U.S. Industry Optimistic About 2021 Major manufacturers are predicting new car sales between 15 and 16 million units this year thanks to a rebound in consumer sentiment. Read More FROM WARDSAUTO: Car Dealers Should Walk the Walk, Online and Off Properly pricing inventory for…
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FROM CNN: Auto Trends of 2020: Online Buying, Electric Trucks and SUVs Go off-Road Again Coming out of an unconventional year, the automotive industry is ready to take on 2021 armed with many new consumer insights, manufacturing priorities, and dealership operations. Read More FROM BLOOMBERG: The Automakers That Have Won Big or Lost…
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FROM WARDS AUTO: Pandemic Fast-Forwards Digital Auto Retail to New Reality As dealers fast-tracked implementation of digital tools and processes, satisfaction among digital customers has steadily increased, all signs pointing to digital retail and remote buying being the industry’s new reality. Read More FROM AUTOMOTIVE WORLD: Is Car Ownership Back in the Driving…
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