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LotLinx Weekly News Vol. 64: Red, White, and AI

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  • LotLinx Weekly News Vol. 64: Red,...

LotLinx Weekly News Vol. 64: Red, White, and AI

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Happy birthday, America! To celebrate, we’ve rounded up the top U.S. industry articles you should read before the holiday weekend.

 

FROM U.S. NEWS: 4th of July Car Sales for 2019

The upcoming holiday weekend has automakers offering cash back, attractive interest rates, and affordable lease terms. As one of the highest traffic days for your lot, here’s what consumers have got their eyes on this Independence Day.

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FROM WARDS AUTO: Auto Industry Fleet Sales Get New-Found Respect

Once seen as a last-ditch effort to increase sales and eliminate bloated inventory, the industry is singing a different tune about fleet sales – which are reportedly up 6.9%, compared to last year.

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FROM CBT NEWS: Will EV Production Match Consumer Demand?

The adoption of stricter emission restrictions has automakers such as GM, Nissan, and Hyundai increasing their EV production. In 2018 alone, U.S. unit sales of both electric battery and plug-in hybrid models grew by 81%.

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FROM AUTOMOTIVE NEWS: Average Age of Vehicles on U.S. Roads Hits 11.8 Years

As major technology and quality advancements enable consumers to hold onto their cars and light trucks longer, the opportunity arises for dealers to leverage additional income from in-house repair services.

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