LotLinx Weekly News Vol. 227: The Used Inventory Tides Are Turning…

FROM AUTOMOTIVE NEWS: Shifts in Used-Vehicle Market Cut Into Proceeds, Trigger Resets

Due to inflation and rising interest rates, consumers are seeking vehicles at lower prices. While demand is still high, buyers are becoming more critical of their purchases, and dealers – who once had plenty of customers for every vehicle – are feeling the pressure.

Read More

FROM CBNC: How the EV Tax Credits in Climate Bill Could Hurt Electric Vehicle Sales

Tax credits have been used by the federal government to encourage the adoption of EVs and reduce the industry’s dependency on fossil fuels. But, with new sourcing and manufacturing stipulations, roughly 70% of electric vehicles would be ineligible for the credits, posing a great threat to sales.

Read More

FROM USA TODAY: Gas Prices Drop Under $4 Nationwide for First Time in Months. Will They Continue to Fall?

It’s been five months since pump prices have been as low as $4. Decreased demand and changing oil costs are main factors for this steady decline, providing a great relief for drivers.

Read More

FROM CBT NEWS: Selling Off-Brand Used Vehicles? Tips to Retain These Buyers

Off-brand vehicle sales have increased as a result of the lack of new cars in the market, but keeping these customers proves more difficult than brand-known buyers. Proactive dealers should adopt strategies to keep these customers coming back.

Read More


Enjoyed this roundup? Subscribe to LotLinx News for weekly automotive industry-updates direct to your inbox.

Want more top headlines? Catch up on past editions of LotLinx News.


Take your dealership to the next level.

It’s your dealership. Control it with Lotlinx.

Request Demo