Lotlinx insights:
Lotlinx Announces New Risk Report, Insight Into Dealer Inventory
The brand new Risk Report offers a unique and customized view of a dealer’s inventory carryover, markdown, and aged risk data. This free report offers insights that help dealers optimize their inventory strategy with a weekly analysis of their store’s inventory data, and they can leverage this data to take action against their inventory risk before it impacts their bottom line.
Sign up to receive your free Risk Report Data.
Industry roundup:
FROM AUTOMOTIVE NEWS: Q3 sales edge up at Ford, slip at GM, Nissan; Stellantis woes continue; Sept. volume off at Toyota, Honda
Light-vehicle sales slid year-over-year in both September and the third quarter, but last month’s SAAR was up to 16.1 million vehicles. Affordability remains a key issue for dealers, with an average inventory supply of 77 days and transaction prices still 20% higher than before the pandemic.
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FROM CBT NEWS: Florida auto dealers prepare for Hurricane Milton
On the heels of Hurricane Helene, dealerships across Florida brace for the impact of another major storm. In addition to store closures, dealers have also implemented plans to ensure employee safety, safeguard inventory, and, recover post-storm.
FROM WARDSAUTO: Dealers take a fresh look at cause of rising costs, dipping profits
According to a recent survey, dealership operating costs are at an all-time high, causing concerns for dealers’ bottom lines. According to 44% of respondents, the political climate, including the pending election and its impact on market dynamics, is having a major effect on business operations.
FROM CAR AND DRIVER: The 25 bestselling cars, trucks, and SUVs of 2024 (so far)
Many automakers’ inventories have made a full recovery after years of shortages, meaning customers can finally have their pick of available models. So, which models are they opting for? Trucks, SUVs, and classic sedans like the Camry, Civic, and Corolla.
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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.