LotLinx Weekly News Vol. 148: Can’t Help Falling in Love With Your Lot

 

FROM CAR AND DRIVER: People Still Buying Lots of SUVs and Crossovers, Sales Numbers Show

Across most major brands, January new car sales were bolstered heavily by successful SUV and light truck models, while many cars continued to dip in popularity.

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FROM WARDSAUTO: Car Dealers Called ‘Bulletproof Band of Brothers and Sisters’

The first ever virtual NADA Show is a fitting culmination of the last year in automotive and another example of the retail industry’s ability to adapt.

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FROM BLOOMBERG: The Death of the Sedan Is the Biggest Car Trend of the Decade

The overwhelming trend toward trucks has reached an all time high, with the models making up over 90% of domestic OEM sales in 2020’s fourth quarter.

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FROM THE NEW YORK TIMES: The Auto Revolution Is Here

OEMs continue to show commitment to electric and tech advancements. Keeping a finger on the pulse of these developments helps dealers prepare for future sales and operational changes.

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