LotLinx Weekly News Vol. 204: Empowered dealers empower dealers

FROM COX AUTOMOTIVE: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year

Dealer sentiment has slipped slightly but remains in positive territory this quarter. Feelings toward new-car sales and the market outlook have improved, while inventory levels are still a top stressor.

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FROM NADA: Women Are the Backbone of the Auto Industry

NADA’s Women Driving Auto Retail celebrates the countless women making waves in the sector and aims to encourage future generations of female automotive leaders.

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FROM CAR AND DRIVER: U.S. Gas Prices Are Skyrocketing—How Much Worse Will It Get?

Gas prices have hit an all-time high at an average of $4.173 per gallon, reaching higher than $7 in select states. Inflation, lingering pandemic effects, and global affairs could continue to impact prices throughout the year.

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FROM REUTERS: More Than 140 U.S. Lawmakers Urge Speedy Action on Chips Funding

Governors and state representatives continue to push for the approval of a $52 billion proposal to aid the automotive and electronics industries by increasing semiconductor production.

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