🗞️ 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: How Auction Sales Volumes Have Started September Wholesale buying has started to level out as dealers slowly regain the freedom to be more selective with their inventory. Spring and summer saw auction sales of over 100,000 units per week, but these numbers have dipped over 10% post-Labor Day. Read More …
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VINtv™ Tailors Automated Video Advertisements to Dealer Inventory LotLinx, the auto industry’s leading VIN Demand Platform™, has launched VINtv, one of the industry’s most comprehensive and cost-effective video advertising platforms for dealer inventory. VINtv utilizes LotLinx’s /AI/ capabilities to position video advertising segments on the most effective channels and streaming platforms used by consumers in…
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Seasoned executive with a history at successfully-acquired dealer marketing organizations joins to help lead the AI company’s growing team LotLinx, the auto industry’s leading VIN Demand Platform™, announced today that award-winning automotive marketing executive Neal Gann will join the company’s senior leadership team as President. Gann’s track record of generating efficiencies and growing revenue makes him a…
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Problems solved by this week’s automotive advancements: loan terms combat rising vehicle prices, the rebounding industry eases dealer sentiments, and used cars keep consumers afloat. FROM WARDSAUTO: Vehicle Prices Rise, Loan Payments Barely Budge As prices rise, budget-conscious consumers continue to stretch their loan terms in order to maintain manageable monthly payments. The percentage…
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This week’s automotive advancements are working overtime. Read how August sales numbers persevered and why shoppers are increasing their time on mobile. Plus, what to expect this Labor Day weekend. FROM CAR AND DRIVER: Auto Sales Improved in August, Still Not at Last Year’s Levels August saw an 11% year over year sales decline…
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It’s time to read up on this week’s auto advancements. Brush up on luxury sales expectations, the changing importance of test drives, and the future of AI in automotive. FROM CBT NEWS: Luxury Vehicle Sales Expected to Rebound From Depression Last quarter, luxury sales hit their lowest levels in two years, but analysts are…
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