LotLinx Weekly News Vol. 230: Time to Revisit Your Used Car Playbook

FROM AUTOMOTIVE NEWS: Ford, Hyundai, Kia Rack up Double-Digit Gains as Market Rebounds; Toyota, Honda Skid Again

Light-vehicle sales have remained consistent for three consecutive months, just around 1.13 million units sold. However, August’s sales should be measured on a brand-by-brand basis as top OEMs saw both double-digit rises and falls.

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FROM CAR AND DRIVER: Buick Will Buy Out Dealers Who Don’t Want to Start Selling Electric Cars

The brand will offer monetary buyouts to any of its 1900+ dealers that are uninterested in the shift toward electric SUVs. Dealers that stick by the brand will be tasked with upgrading their stores to exclusively sell the new Electra models.

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FROM KELLEY BLUE BOOK: Gas Prices Have Big Truck, SUV Shoppers Considering Downsizing

Unprecedented gas prices earlier this year resulted in higher days supply for top truck models like the Ram 1500 and Chevrolet Silverado. As effects of the gas spike begin to quell, electric trucks continue to be the fastest growing segment in the market.

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FROM AUTO REMARKETING: Private Dealer Groups Lead Buy-Sell Activity

In response to the changing market, auto dealerships continue to buy and sell stores at a record-breaking rate. Purchases saw a 3% increase in the beginning of the year and a 28% increase among private dealer groups.

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