Lotlinx Weekly News Vol. 304: Hybrids make a pass, scoring big with consumers

Lotlinx insights:

The NADA Show has officially wrapped, but the year is still heating up!

Over 23,000 automotive professionals attended NADA for a weekend filled with game-changing technology, revenue-generating best practices, and trailblazing partnerships. Check out everything that went down during the event!

Learn more.

Industry roundup:

FROM AUTOMOTIVE NEWS: Market cools as sales pace tumbles; Toyota, Honda rebounds roll on; Ford, Subaru, Mazda up

Despite improved inventory and discounts, the U.S. light-vehicle market saw only a marginal 0.1% increase in January sales, falling short of expectations. Notably, Toyota and Mazda saw sales surge, while Hyundai and Kia experienced declines.

Read more

FROM AUTO REMARKETING: Price declines slowing in wholesale market, accelerating in retail

At the end of January, used vehicle prices saw a slower decline, down 0.33% from the previous week’s 0.49% drop. The overall wholesale market showed reduced depreciation rates, signaling a potential early spring market, with some segments of 8-to-16 year-old vehicles seeing price increases. 

Read more

FROM REUTERS: Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown

The Toyota RAV4 Hybrid has gained popularity amidst high interest rates dampening EV demand. Toyota’s hybrid reliance and exclusive hybrid plans contrast with industry-wide EV lag, leading analysts to expect a 40% rise in Toyota’s Q4 operating profits.

Read more

FROM COX AUTOMOTIVE: The Fed signals end of tightening era

Despite challenges like rising auto loan rates and squeezed dealer margins, there’s optimism for consumer relief with potential rate drops and declining vehicle prices. These factors could help alleviate inflation pressures, alongside a notable 3.3% real GDP growth in Q4 2023.

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.

About Lotlinx:

Lotlinx empowers automobile dealers with data and technology to give the best possible market advantage on every vehicle transaction. Lotlinx offers a suite of features such as real-time market analysis, inventory management, and precision targeted vehicle advertising. Dealers leverage the platform to identify potential inventory risks and execute VIN-specific strategies enabling them to move inventory faster and more efficiently.

To start leveraging Lotlinx technology at your dealership, request a free, individualized Inventory Risk Analysis. 

Take your dealership to the next level.

It’s your dealership. Control it with Lotlinx.

Request Demo