LotLinx Weekly News Vol. 153: The Better the Data, the Greater Your Luck


FROM AUTOMOTIVE NEWS: Inventory up, but Still Leaner Than Pre-COVID

The industry kicked off March with a 78-day inventory supply, around 2.82 unsold units – a slight increase from February, but a notable decrease from the year prior.

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FROM THE NEW YORK TIMES: Electric Cars Are Coming. How Long Until They Rule the Road?

While automakers are all-in on electric models, the number of gasoline-powered vehicles that will remain on the roads for the next few decades could hinder the dream of an all-electric future.

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FROM WARDSAUTO: Auto Insurance Sales Reflect Uptick in Vehicle Demand

Boosts in the F&I department can be a major sign of trends on the sales floor. Dealers should keep an eye out for growing demand as tax refunds and government stimulus checks start to hit shopper bank accounts.

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FROM CNN BUSINESS: How COVID Has Changed the Way Used Cars Are Sold

The shift to a hybrid sales experience – online and in person – has both expanded dealerships’ shopper pools and sustained the 11% rise in used car prices year over year.

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