LotLinx Weekly News Vol. 205: Luck is what happens when data meets opportunity

FROM AUTOMOTIVE NEWS: U.S. Dealership Sales Set a New Record in 2021

Franchised dealerships have seen a $153 billion sales increase since 2019 due to inflated transaction prices. While many analysts expect prices to peak eventually, few believe they’ll ever return to pre-pandemic levels.

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FROM REUTERS: Europe’s Carmakers Scramble to Replace Ukrainian Auto Parts

Volkswagen and BMW are among the many automakers seeking alternative parts suppliers and manufacturing locations in an attempt to avoid further production delays.

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FROM CAR AND DRIVER: If Gas Prices Remain Crazy, People May Start Looking Harder at Fuel-Efficient Cars

For over twenty years, elevated gas prices have had a direct impact on increased hybrid vehicle sales. Analysts are expecting a similar reaction as gas prices break records and EVs continue to make their way into the mainstream.

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FROM WARDS AUTO: Dealers Out to Prove They’re EV-Friendly

Both OEMs and dealers agree that dealership buy-in is essential to EV adoption. Proper training on topics like sales processes, government incentives, and consumer education are key to an aligned approach.

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