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CBT News Market Update: Doug Eroh, Longo Toyota & Jason Knight, LotLinx

Since the outbreak of the COVID-19 pandemic in March, dealers have been closely monitoring inventory levels in relation to the fluctuating volume of demand in the market. This week, inventory levels for the new vehicle market started to move a little closer to last year’s numbers with only a 15% gap making it the closest percentage since the end of May. This week the new car inventory sat at 2.8 million whereas last year’s level was 3.4 million. On the other hand, used car inventories currently sit at 1.2 million, a slight decrease from last year’s 1.4 million.

Today, we’re pleased to welcome Jason Knight, Co-Founder and vice chairman at LotLinx and Doug Eroh, Executive Vice President at Penske Motor Group and President and General Manager of Longo Toyota, the largest Toyota dealership in the world.

Did you miss last week’s CBT News Market Update? Watch it here now and be sure to visit the CBT News MarketCenter powered by LotLinx for current data on the retail auto market.


Did you enjoy the fourth edition of the CBT News Market Update powered by LotLinx? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at jfitzpatrick@cbtnews.com.

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While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

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CBT News
CBT News
For over 10 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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