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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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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. 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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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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That trend has also driven down retail prices, which have dropped 4.9% 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% year-over-year to an average of $28,871. years old, rose 16.8%. from August 2022.

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Lotlinx Q3 Report Reveals High Day Supply, Largely Aging Vehicle Inventory

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Lotlinx ’s Q3 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, is now available. Click here to access the full Q3 Quarterly Vincensus Report.

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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%. million sales.