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LotLinx Weekly News Vol. 87: Walking in an AI Wonderland

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  • LotLinx Weekly News Vol. 87: Walking In...

LotLinx Weekly News Vol. 87: Walking in an AI Wonderland

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This week’s automotive advancements are anything but frightful! Take a deep dive into November’s sales numbers, and check out the latest end-of-year predictions. Plus, see who’s partnering up this time on tech innovation.

FROM AUTOMOTIVE NEWS: Light Trucks Drive Toyota, Honda, Hyundai to Gains 

End-of-year sales are warming up, with holiday promotions and incentive spending pushing light-vehicle demand to rise 1.4% in November. The month rounded out with a SAAR of 17.05 million units – putting the industry on track to exceed 17 million for the fifth straight year.

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FROM CBT NEWS: What November Sales Numbers Indicate for the Close of 2019

While November resulted in a flurry of monthly gains for a number of OEMs, analysts predict clear roads ahead for overall industry sales as long as political and economic factors remain steady throughout the coming weeks.

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FROM AUTO REMARKETING: Buying a Used Car? 69% Will Consider It

No two buyers are alike, however a survey of more than 2,000 US adults showed that over half of consumers feel most comfortable buying used vehicles from franchised dealerships. And, 61% of respondents choose to buy used for pricing reasons.

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FROM CNBC: Automakers Investing Billions in Partnerships as Industry Races Toward Autonomous and Electric Vehicles

OEMs continue to turn toward non-automotive allies to collaborate on technological advancements. A recent report forecasts that annual autonomous vehicle spending will reach $85 billion by 2025 and annual electric spending will snowball to $225 billion by 2023.

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