Lotlinx Weekly News Vol. 254: The inventory we’ve all been waiting for…

FROM AUTOMOTIVE NEWS: Public groups see solid supply gains

Major auto groups are seeing significant improvements in domestic new-car inventory levels, but luxury and import models are still slow to rebound. At the end of 2022, all public groups had at least an 18-day supply of inventory, but the journey to get there varied by automaker.

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FROM CAR AND DRIVER: The end of Presidents Day car shopping specials?

Presidents Day incentives used to be an opportunity for dealers to get shoppers in the showroom during the shortest and coldest month of the year. Now that cash incentives are hard to come by, the holiday might just be another long weekend until inventory levels return.

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FROM CBT NEWS: Tesla wins top spot in U.S. luxury market, first American winner in 25 years

The EV maker bested BMW after selling 491,000 vehicles in 2022. The growing sales numbers are a win for American manufacturers and the electric movement, but they also reinforce the idea that the most sought after EVs still sit at a luxury price point. 

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FROM CNBC: Ford warned some F-150 Lightning owners about separate EV battery issue before this month’s fire

Following a recent battery fire, Ford joins a comprehensive list of OEMs that have struggled with recalls specific to their EV models. Are manufacturers rushing toward electric at an unsafe speed, or are recalls just in the nature of innovation?

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