Lotlinx insights:
Your Guide to Summer Sales
Proactive inventory management can strengthen summer sales and heat up your dealership’s profitability.
Download the Summer Sell Down Guide to learn:
- What makes this season’s sales different than the rest
- Aged and carryover inventory’s impact on profitability
- How market data can inform your pricing decisions
Industry roundup:
FROM BLOOMBERG: GM, Porsche and even Musk agree: we’re going to need more gas
While EVs could account for more than 80% of sales in 2030 for some OEMs, automakers say this is no longer their goal. General Motors, Porsche and Tesla have adjusted their stance on the global shift to sustainable energy, recognizing the enduring role of oil and gas. Porsche has revised its ambitions emphasizing the slower-than-expected transition to EV dominance, now expecting only 12% of the vehicles it sells this year to be battery-electric, down from 15%.
FROM WARDSAUTO: BEV buyers buck brand loyalty
A survey conducted across the U.S., Germany, Japan, and China reveals that car buyers are increasingly defecting from their current brands, with Gen Z showing the lowest brand loyalty. Key reasons for this include dissatisfaction with fuel efficiency, storage space, and driving noise, highlighting the need for automakers to focus on quality aspects. While there is interest in BEVs for their economical benefits, government mandates and incentives have not significantly increased BEV adoption.
FROM AUTO REMARKETING: Inventory, incentives fuel rise in customer satisfaction with OEM websites
Car manufacturer websites have reached their highest satisfaction levels in 3½ years, largely due to increased transparency in vehicle production, delivery updates, and pricing information. Premium brand websites scored an average satisfaction of 739 on a 1,000-point scale, while mass-market brands averaged 722. Chevrolet led all brands with a score of 758, followed by Mercedes-Benz.
FROM AUTOMOTIVE NEWS: What Trump vs. Harris means for the auto industry
After President Joe Biden’s withdrawal from the 2024 presidential election, Vice President Kamala Harris is set to inherit his automotive and labor policies, along with endorsements from labor unions and prominent political figures. In contrast, a potential second Trump administration could potentially benefit domestic manufacturing, but take a more aggressive trade stance with China.
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About Lotlinx:
Lotlinx empowers automobile dealers with data and technology to give the best possible market advantage on every vehicle transaction. Lotlinx offers a suite of features such as real-time market analysis, inventory management, and precision targeted vehicle advertising. Dealers leverage the platform to identify potential inventory risks and execute VIN-specific strategies enabling them to move inventory faster and more efficiently.
To start leveraging Lotlinx technology at your dealership, request a free, individualized Inventory Risk Analysis.