Inside Automotive
How dealerships can more effectively manage inventory risks – Len Short | Lotlinx
Dealerships are in a critical phase as discounts are being applied to aging car inventory. Len Short, the Chairman and CEO of Lotlinx, speaks with anchor Jim Fitzpatrick on the most recent episode of Inside Automotive about strategies dealers can use to capitalize on vehicles that are frequently more difficult to sell. Watch the full segment here
Top stories
This month’s new car sales are set to rise from last January but decline from December, according to a preliminary forecast from Cox Automotive. In early 2023, the auto market was still heavily constrained by supply chain disruptions and manufacturing delays stemming from the COVID pandemic. It was not until the second quarter that conditions became more favorable, allowing the industry to make considerable gains in terms of production and meeting demand. Read More
Based on a recent investigation by a third party, regulatory oversights and allegations over cover-ups at General Motors‘ Cruise autonomous vehicle unit stem from difficulties related to culture, incompetence, and inadequate leadership that have dogged the firm since October. Read More
Toyota has recently announced that it will halt the production of several vehicles due to irregular certification tests for diesel engines developed by its affiliate Toyota Industries. During certification tests of three diesel engine models, irregularities were found in horsepower output tests, prompting a special investigative team to investigate the matter. Read More
Toyota chairman and former company CEO Akio Toyoda expects the electric vehicle segment to reach a maximum market share of just 30%, regardless of what the automotive industry does to spur growth. The chairman, grandson of company founder Kiichiro Toyoda, shared his perspective on the global EV market while answering questions during a recent presentation on the Japanese automaker’s manufacturing strategy. Read More
For Dealers
Navigating vehicle affordability challenges in 2024
The automotive industry is constantly evolving, influenced by market conditions, consumer preferences, and various economic factors. The current affordability crisis is no exception, as trends and data shaping vehicle ownership costs are heavily influenced by these factors. However, incentives, rebates, and payment analytics demonstrate unique opportunities to help make these vehicles more accessible. Read More
