New Inventory, Pricing Report Debuts

Lotlinx, a VIN-specific data company for dealership inventory management, released its inaugural quarterly Vincensus Report, a comprehensive monthly/quarterly inventory analysis. Each month and quarter, the Vincensus Report will offer deep real-time data and insights visibility into the trends shaping OEM-specific and dealership inventory for both new and used vehicles, as well as key data on vehicle pricing and markdowns. 

The syndicated report is crafted to demonstrate the state of automotive inventory across major manufacturers. It's a detailed comparative analysis that shows how each OEM is performing against industry benchmarks so dealers can see where they rank among their competition. The approach not only highlights relative performance metrics but also demonstrates where buyer demand is. It also shows how their data has changed each month, month-over-month, and quarter-over-quarter.

Q1 New Inventory Data Trends

Data in the inaugural report show that new-vehicle inventory reached 80 days' supply at the end of the first quarter. Forty-eight percent of new inventory was considered aged (ending over 45 days), with 50% of new carryover inventory during the quarter, 19% of new inventory sold with a markdown, and 63% of new inventory listed as unviewed online.    

Q1 Used Inventory Data Trends

Ther report show that used-vehicle inventory was just 40 days' supply at the end of the first quarter. Forty-six percent of used inventory was considered aged, with 56% of used carryover inventory during the quarter, 35% of used inventory sold with a markdown, and 52% listed as unviewed online.

The Vincensus report was developed using Lotlinx’s proprietary Lexaca data, an inventory specific data set with over 24 billion data points that leverages machine learning models that have been evolving for the past 10 years.

Lexaca offers comprehensive, market and competitive data for every vehicle on a dealer’s lot, enabling dealerships to inform strategy and decision-making for each VIN or vehicle segment, i.e., condition, body style and model. Lexaca can answer questions about dealers' inventory down to the VIN level to help them make strategic decisions and seize new opportunities. The bot’s feedback is based on more than a decade of historical data tracking more than 160 market factors impacting every VIN that has traveled every dealer lot in America.

"Real-time data and insights for new and used OEM-specific inventory is paramount in today's auto dealership landscape,” said Lotlinx Executive Chairman Len Short. “By leveraging our new Vincensus quarterly and monthly reports and staying informed on the trends shaping inventory, pricing, and markdowns, auto retailers can swiftly adapt and make informed decisions. This visibility enables agile responses to local and tier-two market changes, optimizing inventory management, pricing strategies, and ultimately, driving a distinct competitive advantage in the dynamic automotive market."

Originally posted on Auto Dealer Today