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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.

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COMMENTARY: 2025 auto retail outlook, as machine learning meets inventory intelligence

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As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Furthermore, economic pressures will continue to impact the automotive market in 2025.

Retail 59
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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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Benefits of Dealerships Attending NADA and Leveraging It for Product Discovery

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

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

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With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.6 In 2024, the used-vehicle market is expected to grow by less than 1%.

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Cox survey finds dealer sentiment stable – at a pessimistic level

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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. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.