LotLinx Weekly News Vol. 132: Carve Out a Place for AI

FROM JUST-AUTO: Global Light Vehicle Markets Update

Globally, analysts believe September was the strongest sales month of 2020. The world’s largest economies collectively rebounded, yet no individual region posted its highest SAAR of the year. 

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FROM CNBC: The Used Car Boom Is One of the Hottest, and Trickiest, Coronavirus Markets for Consumers

The combination of low inventory levels and steady shopper demand has proven to be a unique challenge for both dealers and consumers. Tech startups and seasoned dealers alike are trying to navigate the market, while shoppers work to get the most for their budgets.

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FROM AUTO REMARKETING: Most Recent Car Buyers Now Want Home Delivery

According to a recent survey, 61% of car buyers would prefer to have a newly purchased vehicle delivered by the dealership. Luckily, the number of stores offering at-home delivery services has risen 35% since the start of the pandemic.

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FROM REUTERS: Wall Street Sees Profit Recovery for Automakers, but Will It Last?

The nation’s largest automakers are on track to recover from this year’s financial woes. However, analysts are concerned with the negative impact a second wave of COVID could have on sales demand and profitability.

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