Lotlinx Weekly News Vol. 251: Showing sales some love

FROM AUTOMOTIVE NEWS: Toyota slides; Hyundai, Kia, Mazda rack up more U.S. sales gains

Light-vehicle sales were expected to rise anywhere from 2.4% to 6.5% last month, and SAAR was supposed to reach 15.5 to 16 million units. As sales numbers start trickling in, reporting OEMs are seeing both increases and decreases of similar proportions.

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FROM BUSINESS INSIDER: Tech giants have cut tens of thousands of jobs. Automakers are ready to hire them.

Automakers have been rescaling their operations for years, making room for shifting technology and the impacts of the global pandemic. Now, as major companies like Google and Amazon lay off thousands of workers, auto manufacturers are primed to bring top tech talents into the fold.

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FROM AUTO REMARKETING: Lane watch: Spring signs already sprouting

The wholesale market is looking ahead toward a brighter spring season. The end of January saw stable sales rates, minimal price declines, and lower depreciation rates for used inventory.

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FROM CNBC: Carmakers face a crossroads as they work to fit auto dealers into their EV plans

The future of electric vehicles looks different for every brand, and so do the relationships between franchised dealers and the OEMs calling the shots. Balancing this delicate transition was a major topic of discussion at last week’s annual NADA show.

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