Lotlinx insights:
2023 Operational Control Dealer Playbook:
Learn how top dealers are doubling down on their business: Download the playbook today
Industry roundup:
FROM CBT NEWS: Inventors, designers, and C-Suite: 20 female pioneers who changed the automotive industry
The automotive industry is anything but a “man’s world.” Women have been changing the industry landscape since the 1800s, inventing in-car technology like GPS and turn signals, giving voices to automotive journalism, and now, leading major OEMs as top executives.
FROM AUTOMOTIVE NEWS: Surprisingly strong sales in Feb. means stay the course
North American factories are currently operating at around 65% capacity, and manufacturers might prefer to keep it that way. Last month’s SAAR came in around 15.19 million units, a sign that dealers are continuing to perform profitably with leaner inventories.
FROM BUSINESS INSIDER: Automakers abandoned the ‘starter car’ — and it’s raising prices for everyone
Only 17% of new vehicles in the market are priced at or below $30,000. This number has dropped by half since 2019, and it’s not just the result of inflation. OEMs began prioritizing high ticket models in order to maximize profits during the inventory shortage, but now they might be pricing certain demographics out of vehicles altogether.
FROM CNBC: Used-vehicle prices rising at an unseasonably strong rate
Wholesale used-vehicle values saw the largest February increase in over two decades with a 4.3% jump. Pre-owned vehicle prices are one tool used to gauge nation-wide inflation, and the recent value increase could mean interest rates are headed in the same direction.
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.