🗞️ Industry roundup: FROM KELLEY BLUE BOOK: When will new car prices drop? New car prices remain significantly higher than pre-pandemic levels, with the average transaction price still nearly $11,000 above January 2020 levels, despite a recent dip. Inventory levels increased to a 96-day supply, creating more buying opportunities, especially for overstocked brands like Jaguar,…
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Data shows inventory management challenges persist as Lotlinx customers continue to outperform market averages DETROIT, Feb. 19, 2025 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today its Q4 Quarterly Vincensus Report, the most comprehensive monthly/quarterly inventory report in the industry. The report offers accurate, unparalleled insights into the current state of the…
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As we move into 2025, AI and machine learning (ML) are set to transform automotive retail. Beyond customer interactions, these technologies are reshaping dealership inventory management, pricing, and operations. In 2024, AI expanded into back-office functions like credit processing and identity verification. This year, it will be deeply integrated into inventory management and operations. Click…
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🗞️ Industry roundup: FROM WARDS AUTO: Shifting gears: What car buyers really want in 2025 Consumer interest in hybrids is rising, with 26% of U.S. buyers preferring them for fuel savings and lower emissions, while BEV interest remains limited due to charging concerns. Brand loyalty is weakening, with 46% of U.S. consumers planning to switch…
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Experienced Automotive Leader to Drive Innovation and Elevate Dealer Success Through AI and Machine Learning DETROIT, Feb. 4, 2025 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, announced today the appointment of Joshua Gonsenhauser as Vice President of Product Strategy. Gonsenhauser, a seasoned professional with over a decade of experience in automotive software and…
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The smarter vehicles get, the more refined or “interconnected” future changes in automobile technology will be. By 2030, up to 90% of new cars are anticipated to have built-in connectivity, which will fundamentally transform production. By that year, McKinsey predicts that 95% of new cars will have advanced connectivity. But beyond that, what will the…
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One for the books! Well, this NADA will go down in history books for sure. Unprecedented snowstorms, cancelled flights, and cross-country roadtrips set the scene for a crazy weekend in New Orleans. The Lotlinx team went above and beyond to put on a show worthy of its dealer attendees, complete with live speaking sessions, round-the-clock…
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🗞️ Industry roundup: FROM CAR AND DRIVER: President Trump signs executive order revoking Biden-era EV targets President Donald Trump has signed an executive order revoking Biden-era EV targets, including the goal for 50% of new cars sold by 2030 to be electric. The order also eliminates federal funds for EV charging stations and challenges state…
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Dealers will get an up-close view of tomorrow’s Machine-Assisted Dealership at Lotlinx’s NADA booth showcasing how dealers manage their inventory with advanced AI powered Virtual Inventory Agent NEW ORLEANS, Jan. 21, 2025 /PRNewswire/ — Lotlinx, the auto industry’s leading VIN-specific platform enabling advanced dealership inventory management, announced today its new suite of innovative data technology resources leveraging a first-of-its…
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🗞️ Industry roundup: FROM WARDS AUTO: Most automakers anticipate bright 2025 U.S. light vehicle sales reached over 15.8 million units in 2024, up 2.2% year-over-year and the highest recorded year of sales since 2019. GM and Ford maintained healthy sales increases, while Stellantis took a 20% hit. Many brands saw major double digit sales gains…
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