LotLinx Weekly News Vol. 161: And Now for the Main Event…Efficiency


FROM AUTOMOTIVE NEWS: With a SAAR This Hot, Who Needs Big Incentives?

April inventory levels hit a record low 33-day supply, causing incentive spending per vehicle to drop 25% year over year. On average, dealers only spent $3,239 per unit on incentives last month.

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FROM WARDS AUTO: Consumer Preferences Shifting Amid Pandemic

As the industry recovers, new trends in consumer behavior have emerged. The shopper audience has broadened to include younger generations and more buyers are opting for crossover models in addition to trucks and midsize SUVs.

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FROM THE WALL STREET JOURNAL: Looking to Buy a Used Car? Expect High Prices, Few Options

Analysts don’t expect used-car demand to slow any time soon, as values rise in both the retail and wholesale markets and dealers continue to get creative with vehicle acquisition.

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FROM REUTERS: Fuel Shortages Worsen on Sixth Day of Top U.S. Fuel Pipeline Outage

Gasoline prices are at the highest levels since 2014. Could a weeklong shutdown of the nation’s largest fuel pipeline network have an impact on the retail industry?

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