Lotlinx has launched monthly/quarterly reports to provide data and trends to the automotive industry.
The company calls the Vincensus Report “the industry's most comprehensive monthly/quarterly inventory report,” which provides “detailed real-time data on the trends shaping OEM-specific inventory and dealer inventory” on a monthly and quarterly basis. and provide insightful visibility.” Important data on new and used cars, vehicle pricing and discounts. ”
Vincensus is a syndicated report designed to show the state of automotive inventory from major OEMs and serve as a detailed comparative analysis of how each OEM is performing against industry benchmarks. This allows dealers to see where they stand among their competitors.
According to Lotlinx, this approach not only highlights relative performance metrics, but also shows where buyer demand is and how the data changes from month to month and quarter to quarter.
“In today's auto dealership industry, real-time data and insight into OEM-specific new and used inventory is paramount,” Lotlinx Executive Chairman Len Short said in a news release. “With new Vincensus quarterly and monthly reports, auto retailers can adapt quickly and make informed decisions by staying up-to-date on the trends shaping inventory, pricing, and markdowns. I can.
“This visibility allows us to respond nimbly to domestic and second-tier market changes, optimize inventory management and pricing strategies, and ultimately drive a distinct competitive advantage in a dynamic automotive market. I can.”
First Vincennes Report available for download herewhich shows that used car sales volumes in the first quarter of 2024 increased by 11% quarter-on-quarter, which is not surprising given that demand increased by 19% in that period, but inventories decreased by 9 days. The supply has been reduced to 40 days' worth.
The data also shows that 46% of used inventory is considered aged, 56% of used inventory carried over during the quarter (up 6% sequentially), 35% of used inventory sold at a discount, and It also showed that 52% of the used inventory listed was not aged. View online.
For new vehicles, sales fell by 2%, while days of supply increased by 10 days to 80 days, carryover increased by 10% to 50%, and 63% of posted new vehicle inventory was not viewed online. did.
Lotlinx said the report was created using its proprietary Lexaca data, using more than 24 billion data points and machine learning models that have been evolving over the past 10 years.