Lotlinx Weekly News Vol. 282: Tackling the automotive AI learning curve

Lotlinx insights:

Keep selling inventory no matter how the market shifts.

The comprehensive Lotlinx Guide to Inventory Strategies equips dealers with insights into evolving industry trends, 6 effective strategies to mitigate inventory risk, and an introduction to analytical tools for strategic decision making.

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Industry roundup:

FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda sales rise as market rebounds 17% in August

August sales met expectations by climbing 17% last month, with a total SAAR of 15.17 million units. Honda saw the month’s most drastic year-over-year sales increase of 56.7%, while Volvo and Mazda followed with double digit increases.

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FROM CNBC: GM, Google exploring ways to use AI across automaker’s business

Like most industries, OEMs are exploring how emerging AI technologies fit within their product offerings. Many have partnered with major software developers to expand their in-car features and enhance the shopping experience.

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FROM REUTERS: U.S. offers $12 billion to automakers, suppliers for advanced vehicles

The government is giving automakers funds to update their existing factories in order to boost electric vehicle production while maintaining workers’ jobs. This act doubles down on the administration’s dedication to EVs while encouraging a united front ahead of the looming UAW strike.

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FROM AUTO REMARKETING: Prices keep falling even as dealer talk of automaker plant strike intensifies

Used car dealers are attempting to bolster their inventories in case new car production drops in the coming months, pushing last week’s sales rate at auction to 49%.

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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. 

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