LotLinx Weekly News Vol. 191: It’s Beginning to Look a Lot Like the Future…

FROM AUTOMOTIVE NEWS: Auto Industry Leaders Fully Expect a Major Shift in Retailing

A recent survey explores automotive executives’ predictions for the future of industry sales profitability, specifically online and factory-direct retailing.

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FROM U.S. NEWS: Stellantis Wants to Outfit Cars With AI to Drive Up Revenue

Automakers are looking to expand their product offerings (and their revenue streams) by outfitting vehicles with technology-driven mobility and connectivity features.

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FROM CNBC: U.S. Trade Deficit Narrows in October as Exports Rebound

U.S. trade activity is trending positively after an all-time deficit in September. Gains in automotive imports and exports could finally be a sign of supply chain improvements.   

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FROM THE WALL STREET JOURNAL: It Was a Pretty Good Year in the Car Business—Except for Suppliers

Parts suppliers are also feeling the brunt of the chip shortage. While dealers and automakers maintain profitability, contracted suppliers are missing out on the benefits of increased vehicle prices.

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