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During the 2008 recession, there was an overabundance of new-car inventory and little consumer demand. For the last two years, new-car inventory has sat at record lows. Many lots continue to sit empty and dealers with new inventory are selling over 50% within 10 days. Today, the demand for vehicles continues to match, if not be more than, the supply of vehicles. However, there are early signs that might be changing. Because Lotlinx works with dealerships of all sizes, we see data from both small and medium dealerships as well as national brands. We also work closely with some of the biggest advertising platforms and have proprietary tools that track millions of consumers, meaning we really see a lot of data and trends. Download the infographic for nine main trends we are seeing from our unique perspective. |
