LotLinx Weekly News Vol. 240: There are two sides to every sale

FROM J.D. POWER: Lack of new-vehicle inventory has notable effect on sales satisfaction

The shoppers have spoken: Consumer opinions on the new-vehicle buying process have worsened for the first time in 10 years. Opinions on price fairness and inventory availability have been trending downwards for some time.

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FROM CONSUMER REPORTS: Who makes the most reliable new cars?

Amid current strains on the car buying experience, purchasing a reliable vehicle is more important than ever. Despite fluctuating demand levels, cars beat out SUVs, minivans, and pickups as the most reliable vehicle segment.

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FROM U.S. NEWS: U.S. retail sales rose 1.3% last month, a sign of resilience

Nationwide retail spending increased in October in both automotive and non-automotive sectors. To support these spending habits, credit card balances have also increased 15% – the highest jump in over 20 years.

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FROM CNBC: Ford vs. GM: Same industry, two increasingly different companies

The nation’s largest automakers represent two different futures for the automotive industry. One continues to diversify its offerings while the other takes a leaner approach. Both intend to eventually dominate the EV market.

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