LotLinx Weekly News Vol. 121: Get by With a Little Help From AI

This week’s automotive advancements are lending a helping hand. Get the latest on July sales numbers, the race toward online retailing, and the most in-demand used vehicles. Plus, a look at the heroes of COVID pandemic.


FROM CAR AND DRIVER: Hyundai and Mazda Up, Toyota and Honda Down as U.S. Auto Sales Show Mixed Results

Many brands saw year over year increases in July sales, while others are still reporting declines around 20%. Low inventory continues to hinder sales growth, but SUVs still reign supreme for those with significant supplies.

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Read stories from dealerships, OEMs, vendors, and heroes from all corners of the industry who have stepped up to aid their communities and local charities during these unprecedented times.

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FROM REUTERS: Pandemic Revs up Race for U.S. Online Car Sales

While online transactions still only account for 1% of used vehicle sales, the number of shoppers looking to buy online has nearly doubled.  Major online retailers are capitalizing on this trend but struggle to take on the new car market due to competitive franchised dealers.

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FROM AUTO REMARKETING: 10 Used Vehicles With Fastest Turn Rates During Pandemic

Recent research has found the average days-on-lot for used cars has increased 37% during the pandemic, with many units taking around 68.9 days to sell. However, a handful of models have broken this mold including in-demand Teslas, Toyotas, and Hondas. 

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