LotLinx Weekly News Vol. 203: Marching to the beat of your own sales trends?

FROM AUTOMOTIVE NEWS: Hyundai, Kia, Mazda Generate February U.S. Gains; Ford Drops 21%; Toyota and Honda Fall

Ford, Honda, and Volvo contributed significantly to an 11.7% drop in new vehicle sales last month. This dip set in motion a SAAR decline from 15.2 million in January to 14.4 million.

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FROM NBC NEWS: Ukraine Crisis Could Create More Woes for Auto Industry

Ongoing global affairs could impact vehicle production for major U.S. and international automakers. Russia is a key source for many raw materials and is home to a number of assembly plants.

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FROM REUTERS: Big U.S. Auto Dealers Bet Billions Against the Death of the Dealership

Unique dealership transactions hit a record high for the second year in a row, tallying 338 buy/sells in 2021. However, the total number of running dealerships remains steady, signifying a growth in ownership consolidation.

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FROM KELLEY BLUE BOOK: Subaru Nicely Asks Dealers to Stop Markups

Subaru is the latest OEM to ask its dealer network to consider the brand’s reputation when overpricing inventory. Analysts suspect today’s price gouging could turn consumers away from in-store shopping in the years to come.

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