Lotlinx launches Vincensus Report for monthly/quarterly look at market data
Lotlinx has launched a monthly/quarterly report to deliver data and trends to the auto industry.
The company called its Vincensus Report “the most comprehensive monthly/quarterly inventory report in the industry” and said each month and quarter the 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.”
Vincensus is a syndicated report designed to demonstrate the state of automotive inventory across major OEMs and serve as a detailed comparative analysis that shows how each OEM is performing against industry benchmarks so dealers can see where they rank among their competition.
That approach, Lotlinx said, not only highlights relative performance metrics but demonstrates where buyer demand is, and shows how the data changes month over month and quarter over quarter.
“Real-time data and insights for new and used OEM-specific inventory is paramount in today’s auto dealership landscape,” Lotlinx executive chairman Len Short said in a news release. “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 and pricing strategies, and ultimately driving a distinct competitive advantage in the dynamic automotive market.”
The inaugural Vincensus Report, available for download here, shows used vehicle sales volume in the first quarter of 2024 was up 11% from the previous quarter – not surprising since demand rose 19% in that span – while inventory dropped to 40 days’ supply, down by nine days.
The data also showed 46% of used inventory was considered aged, with 56% of used carryover inventory during the quarter (a 6% QOQ increase), 35% of used inventory sold with a markdown and 52% of the used inventory listed was not viewed online.
On the new-car side, sales were down 2% while days’ supply jumped by 10 days to 80 and carryover was up 10% to 50%, with 63% of listed new inventory unviewed online.
Lotlinx said the report was developed using its proprietary Lexaca data, using than 24 billion data points and machine learning models that have been evolving for the past 10 years.