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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. Electric and hybrid vehicles gain momentum In Q3 2024, the momentum for electric vehicles (EVs) continued to build, although the growth trajectory showed some shifts compared to Q2.

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Digitally-Enhanced Rivian R3 Morphs Into Everything Across EV's Imagination Land

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Last week was quite full of surprises across the American automotive market. Secondly, Rivian gave us another couple of all-new electric models aside from the confirmed R2 sport utility vehicle. First, Dodge gave us two body styles for the next-gen Charger instead of one.

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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

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auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. For the U.S.

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Brookdale Community College Receives Grant to Launch EV Program

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Brookdale Community College has secured a grant totaling $561,318 from the National Science Foundation to pioneer the Electric Vehicle Education for New Jersey (EVE-NJ) project. As the automotive industry rapidly transitions towards electric vehicles, this grant represents a pivotal investment in preparing the workforce for the future.

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

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Not surprisingly given the recent price drops among electric vehicles, the Tesla Model Y was at the top of the list of popular models with falling trade values, losing $7,771 — 21.8% In a news release, Lindland said that’s indicative of increased stability in both the used- and new-car markets for much of 2024. from August 2022.

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Cox survey finds dealer sentiment stable – at a pessimistic level

Auto Remarketing

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. The survey was conducted from April 23 to May 7, 2024.

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2025 Auto Retail Outlook: Machine Learning Meets Inventory Intelligence

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In 2024, AIs role expanded to include critical back-office functions like identity and income verifications, as well as credit application processing. Furthermore, economic pressures will continue to impact the automotive market in 2025. Used car day supply is expected to remain tight and steady.

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