Lotlinx insights: 2024 Auto Retail Inventory Pulse Our 2024 Spring Inventory Strategies Guide dives into the market factors that may create risk for your dealership this year and the strategies you can use to combat it. Use your guide to unpack: Download your free guide now to start defending against inventory risk: Download Industry roundup: FROM CBT…
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For years, dealerships have walked on a tightrope of car inventory challenges, stocking up on the right VINs without risking overspending on inventory that could sit unused for extended periods. The unpredictable nature of sales and the unique customers that arrive at any given moment looking for a specific vehicle model make inventory management complex….
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Digital disruption is hitting the world at an ever-evolving pace, and this could be said for any industry, including automotive companies and the largest original equipment manufacturers (OEMs). To adapt, car dealers must digitalize sales with virtual selling — transforming traditional selling methods into an innovative, tech-savvy marketplace. The art of virtual sales in the…
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Lotlinx insights: 2024 Auto Retail Inventory Pulse This March, Lotlinx presented more than 2,500 auto professionals with a survey to see how they tackle inventory management. The results confirmed that many dealers are still behind the curve when it comes to inventory technology adoption. For example:– A third (31%) of dealers still rely on gut…
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Lotlinx insights: Experience the Lotlinx Effect at NADA Ready for your most memorable NADA yet? Experience the future of automotive innovation with dynamic live demos showcasing our AI-powered inventory management. Receive exclusive rewards upon registration and delve into thought-provoking speaker sessions, including impactful insights from Formula One’s Mark Gallagher. We can’t wait to see you…
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Lotlinx insights: Experience the Lotlinx Effect at NADA Join us at NADA 2024 in Las Vegas to discover how our data-enriched, AI-powered inventory management can elevate your dealership. Engage with live demonstrations and gain valuable insights through expert sessions. Don’t miss out – get ready for your most memorable NADA yet! Learn more. Industry roundup:…
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Measuring the success of your auto dealership includes many metrics to track. The buying process isn’t linear any longer, as the digital age has transformed buyer behaviors, influencing changes in how you sell and market vehicles. One of the most crucial numbers to calculate and use as a KPI (key performance indicator) is the automotive…
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Auto industry experts predicted this to be the age of the electric vehicle (EV). With regulatory changes and a more eco-conscious society, EV car sales were once on a high-growth trajectory. EV inventory was once limited, and waitlists were common. While electric vehicle and gas-powered inventory slowed during the pandemic’s supply chain impacts, recovery has…
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One of the key struggles for dealerships in the automotive industry is the pursuit of profitability. It can seem like an insurmountable challenge with so many factors impacting it. However, it’s vital to success. By applying the right strategies that focus on data and insights, an increase in auto dealer profitability is more attainable for…
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Which is better for measuring car dealership success—metal metrics or marketing metrics? How are you measuring success? It’s not solely about revenue, as there are many things that eat up margins. Car dealerships that want to understand performance and profitability dive into their data and measure a variety of activities within the sales cycle. There…
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