🗞️ 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 BLOOMBERG: Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll Ford has made a return to monthly sales reporting, posting a 6.1% decline in October. Although the automaker fell victim to underwhelming truck sales, the industry as a whole saw a 1% total sales gain. Read More FROM CNBC: What a…
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FROM AUTO REMARKETING: Used-Car Sales Likely up for 5th Straight Month Although demand is waning, October used-car sales are expected to have increased year-over-year. The 3.3 million sales prediction would be a 4% drop from September but a 1% increase from 2019. Read More FROM WARDSAUTO: Targeted Marketing and Holiday Auto Incentives Forecasters…
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FROM JUST-AUTO: Global Light Vehicle Markets Update Globally, analysts believe September was the strongest sales month of 2020. The world’s largest economies collectively rebounded, yet no individual region posted its highest SAAR of the year. Read More FROM CNBC: The Used Car Boom Is One of the Hottest, and Trickiest, Coronavirus Markets for Consumers The…
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FROM eMARKETER: Digital Ad Spending by Industry 2020 Digital advertising spend in the automotive sector is expected to dip 18.2% this year, recording the greatest decrease in spending outside the travel industry. Other sectors such as retail and consumer goods have managed to increase spending year over year by taking advantage of ecommerce. Read More…
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FROM THE WALL STREET JOURNAL: U.S. Auto Sales Showed Signs of Recovery in Third Quarter Compared to Q2’s major dips, many automakers saw minimal year-to-date declines this quarter. GM and FCA saw drops around 10%, while other reporting OEMs were carried by their September month-over-month gains. Read More FROM CAR AND DRIVER: 25…
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FROM REUTERS: Tight Inventories Set the Stage for U.S. Auto Industry Rebound Dealers should expect to continue running lean lots throughout the end of the year. Although nearly 50% of units turn in less than 20 days, analysts predict national new car inventory levels won’t exceed 3.2 million units in the coming months. Read…
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