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COMMENTARY: The new dynamics of car retailing, navigating the post-pandemic shift

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As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.

Retail 98
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Lotlinx Q4 Vincensus Report Highlights Evolving Automotive Market Dynamics

AutoSuccess

Lotlinx announced its Q4 Quarterly Vincensus Report, which offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies. Click here to access the full Q4 Quarterly Vincensus Report.

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Benefits of Dealerships Attending NADA and Leveraging It for Product Discovery

AutoSuccess

The National Automobile Dealers Association (NADA) Show, which will be held in New Orleans in January 2025, is one of the most impactful events in the automotive retail sector. Networking Opportunities The event attracts professionals from across the automotive industry, including manufacturers, vendors and other dealerships.

IT 52
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Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report

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As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. For more information, visit www.lotlinx.com.

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COMMENTARY: Shifting gears & key takeaways from the Lotlinx Q4 report

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As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs.

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Cars Commerce’s new look at used-car market tells an old story

Auto Remarketing

over August 2023, with the vast majority of that increase coming from vehicles more than 7 years old. That trend has also driven down retail prices, which have dropped 4.9% The report found the supply of vehicles priced at less than $10,000 — with an average age of 13 years — were up 27.4% years old, rose 16.8%.

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EV World: Navigating the new path forward

Auto Service World

Battery electric vehicles specifically made up 17.8 per cent of new vehicle registrations in December alone. per cent for 2024 and Plug-in hybrid electric vehicles ended the year with 3.9 per cent market share. Government incentives are playing a critical role in driving electric vehicle adoption.