LotLinx Weekly News Vol. 149: Forecasting A Flurry of Shopper Activity


FROM AUTO REMARKETING: In January, These Used Vehicles Flew off the Lots

It took the average used vehicle 38.9 days to sell last month, but keep an eye on low-inventory models and in-demand SUVs that are selling up to 30% faster.

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FROM BUSINESS INSIDER: Here Are Some of the Car Models Most Likely to Be in Shorter Supply Due to the Global Chip Shortage

Many OEMs are hiking prices on their most profitable models to accommodate the costly chip shortage. Others are cutting new car inventory around 25% as production slows.

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FROM CAR AND DRIVER: Average EV Owner Drives Half as Many Miles as Other Drivers—Study

Although they may not be using their vehicles as often as gas-powered drivers, researchers predict a high level of brand loyalty from current electric owners.

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FROM THE WALL STREET JOURNAL: Chrysler, Fiat Dealers Want New Boss to Fix Ailing Brands or Consider Cuts

U.S. dealers share concerns over how the new Stellantis merger will prioritize the handful of North American brands experiencing demand declines. 

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