Lotlinx Weekly News Vol. 257: Some OEMs have all the luck…

Lotlinx insights:

Tools Dealers Need to Manage the Shifting Marketplace:

In this episode of the Auto Remarketing Podcast, Lotlinx senior director of product management Alex Karpyza examines the shifting marketplace dealers are facing nowadays. Karpyza also highlights a series of tools — many that are free for dealers to use — so managers can ensure their using their resources wisely to market their inventory.

Listen now

Industry roundup:

FROM AUTOMOTIVE NEWS: EV credits boost Tesla, GM, Ford, VW — as Hyundai suffers

EVs captured 2.8% more of the light vehicle market in January 2023 than in 2022. The top 8 best-selling EV models this year are all North American-made, proving the $7,500 federal tax credit is making an impact on shopper decision making.

Read more

FROM CNBC: 31% of new cars sold for above sticker price last month. These 10 models have the biggest premiums

According to a new study, the average new vehicle is priced at 8.8% over MSRP. Dozens of luxury models are selling anywhere from 20% to 28% over listing price, while brands like Chevrolet have a number of models selling at – or even below – the initial MSRP.

Read more

FROM MOTOR TREND: How the Silicon Valley Bank collapse impacts the auto industry

A number of automotive startups and technology companies had funds tied up in the recently collapsed bank. However, the biggest concern for the rebounding automotive industry could be the potential panic and chain reaction caused by a lack of confidence in the banking system.

Read more

FROM COX AUTOMOTIVE: CPO sales continue to grow in February

Certified pre-owned vehicle sales are up over 50,000 units year-over-year, causing analysts to reevaluate their 2023 sales predictions. The spike could be the result of many inventory-strapped automakers expanding their CPO programs to include older models.

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