Make your inventory strategy your valentine this week! Read how OEM’s are more in love with SUVs than ever; how everyone’s crush on in-car technology is growing; and how dealers are working through the heartache of rocky January sales.
FROM AUTOMOTIVE NEWS: At 88 Days, Inventories Are Highest in 5 Years
January’s frigid temperatures resulted in the industry’s highest supply days since 2014 with an estimated 4,015,500 vehicles left unsold at the end of the month, putting pressure on dealers and automakers to alleviate their inventories in the months to come.
FROM FORBES: Top Automotive Trends in 2019: A Year of Wows and Woes
The love for in-car technology is flourishing, and trends like personal assistants and on-demand services are changing manufacturers’ priorities – putting cars on the lot with more tech features than ever before.
FROM WALL STREET JOURNAL: Detroit’s Latest Offering: Big Pickups at Bigger Prices
Consumers’ growing infatuation with full-sized vehicles has sparked Ford, GM and FCA to drive higher margins by increasing truck inventories and prices. The result? “The Big Three” yield 90% of total U.S. pickup sales.
FROM CAR BUZZ: Ford Preparing SUV Onslaught with Huge Investment
The automaker is taking the next step in its relationship with SUVs by investing money and manpower to ensure its 2020 Explorers, Lincoln Aviators, and new Police Interceptor Utility vehicles will receive the attention they deserve.