LotLinx Weekly News Vol. 158: The Inventory Is Always Greener…


FROM CNN: Here’s Why Car Prices Are At Record Highs — and Still Rising

North American manufacturing is already 3.4 million vehicles behind this year, causing new, used, and wholesale vehicle prices to jump significantly as dealers fight to meet consumer demand.

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FROM REUTERS: Twelve U.S. States Urge Biden to Back Phasing Out Gas-Powered Vehicle Sales by 2035

The latest push toward EV regulations aligns with many manufacturers’ production timelines. But, auto workers are concerned with how a mandated gas-powered rollback will impact the industry’s workflow.

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FROM CAR AND DRIVER: Car Buyers Still Very Brand Loyal, Especially to Freshly Updated Models

This year’s top loyalty winners were brands that were intentional about innovating their product lines, proving that model updates are key to holding consumers’ attention.

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FROM THE WALL STREET JOURNAL: Dealers Are Selling Cars so Fast They Don’t Need to Borrow

Dealership finances and flooring costs are just the latest factors being impacted by accelerated inventory turn and abnormal vehicle prices.

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