Lotlinx Q1 Report: Surging Sales, Aging Inventory
Lotlinx’s latest VIN-based Quarterly Vincensus Report finds that, despite a March sales surge for new and used vehicles, aging inventory undermined profitability over the course of the first quarter.
New vehicle carryover increased by 8% from Q4 2024 to 60%, up 14% from the prior-year quarter. Used unit carryover increased 5% from Q4 but was flat at 53% year-over-year.
Other highlights from the Q1 report include a 19-day year-over-year improvement in days’ supply of new vehicles and a decline in EV sales and prices.
“As dealers navigate economic headwinds and evolving buyer behaviors, data precision has never been more important,” writes LotLinx Executive Chairman Len Short in a release. “The Q1 Vincensus Report shows that Lotlinx dealers — empowered by AI and VIN-specific insights — are achieving faster turn, more strategic pricing, and stronger gross profit potential.”
