LotLinx Weekly News Vol. 186: No-Sales-Decline November?

FROM AUTOMOTIVE NEWS: Ford, Toyota, Honda, Hyundai, Kia Sales Slip Again

Last month, reporting OEMs saw a 17.4% dip in year over year sales, leaving SAAR at around 13.2 million units. New inventory levels continued to sit below 1 million, with units taking only 20 days to sell on average.

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FROM WARDSAUTO: Parts, Service Revenue up in Q3 for Big Dealer Groups

Both U.S. road travel and parts and service department revenues are up nearly 10% year over year. An increase in digital communication methods has also enhanced dealership workflow and profitability.

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FROM THE WASHINGTON POST: Used Car Market in Chaos as Prices Soar

Bidding wars and over-spending have become the norm as used vehicle supply levels have decreased to 2.3 million units. Prices exceeding $26,000 have pushed U.S. inflation to a 13-year high.

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FROM REUTERS: Supply Chain Disruption: Is the Worst Over?

Check out the latest intel on port closures, material shortages, and the global pandemic leading to the perfect storm of supply chain chaos.

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