🗞️ 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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This week, don’t be caught off guard by the impacts of COVID-19. Read how dealers, vehicle sales, and customer satisfaction are adjusting to the virus, and how AI could push scientists closer to a vaccine. FROM WARDSAUTO: Car Dealers Tell What They’re Going Through Increasing state restrictions are forcing dealers to get creative with…
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This week, we’re keeping the faith. Read why NADA is speaking out about dealership closures, how OEMs are giving back to the medical community, and why social distancing might be a win for digital retailing. FROM REUTERS: Coronavirus Drags Car Dealers Into Digital Commerce Unprecedentedly, the rise of social distancing is challenging dealers to…
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You don’t have to be in the office to read the latest automotive advancements. This week, get up to date on safety precautions from both dealerships and global manufacturers. Plus, why some consumers aren’t too keen on shopping from home. FROM REUTERS: Carmakers Curb European Production as Coronavirus Hits Major OEMs are taking steps…
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Cheers to this week’s automotive advancements! Read about GM’s pot of EV gold, and why the luck of incentives saved February sales. Plus, can OEMs see a light at the end of the coronavirus tunnel? FROM AUTOMOTIVE NEWS: ‘Crazy’ Spiffs, Leap Year Lift Feb. Sales Last month, unprecedented incentives kept the market afloat and…
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This week, read how the industry is toughening up against looming concerns. February saw sales gains for nearly every reporting OEM, while CPO numbers continue to set records. Plus, why car owners are winning the battle for mobility. FROM AUTOMOTIVE NEWS: Toyota, Honda, Hyundai Rack up Gains in Feb. President’s Day sales resulted in…
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