LotLinx Weekly News Vol. 210: It’s the Auto Industry’s World and We’re Just Living in It

FROM REUTERS: Autos Rebound Fuels U.S. Manufacturing Output Gain in March

Automotive parts and vehicle production increased 7.8% in March, the largest industry increase since fall 2021. Healthy automotive output benefits both national manufacturing levels and the economy as a whole.

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FROM WALL STREET JOURNAL: Car Prices Expected to Remain Elevated in 2022, Prolonging Buyer Pain

Despite recent backslides, new vehicle prices remain 26% higher than in 2019, contributing to a four-decade-high inflation rate. The average dealership’s profit-per-sale has doubled year over year due to this continuing trend.

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FROM WARDSAUTO: Car Dealership Customers Want ‘Low-Effort’ Buying

A recent survey reveals 94% of dealership professionals remain focused on streamlining the sales process for both staff and consumers. 85% of respondents still struggle to bridge the gap between online shopping and in-person sales.

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FROM JUST-AUTO: Two Years That Changed the Auto Industry

Two years after the start of the COVID-19 pandemic, the global automotive industry remains significantly impacted by production shortages, altered shopping and transportation habits, and an overall shift in the consumer mindset.

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