Market Insights – Cox Automotive Inc.

Dealership Service Activity Increases in October, according to Xtime Metrics 11/19/2021 Service centers at U.S. franchised dealerships were generally busier in October than in September, according to the latest analysis of Xtime metrics. Both the Repair Order Volume Index and Repair Order Revenue Index increased in October versus September, although the repair order volume continues to be below pre-pandemic levels. Revenue per repair reached a record high. The monthly Xtime volume and revenue metrics have been created… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

Cox Automotive’s Xtime Launches New Metrics To Track Service Department Activity 10/20/2021 In recent months, U.S. auto dealership profitability has soared. In fact, according to the Q3 2021 Cox Automotive Dealership Sentiment Index, franchised dealer profitability has never been higher, driven largely by strong demand and tight inventory of both new and used vehicles. In many cases, new vehicles have been selling at or above manufacturer’s suggested retail price (MSRP). Sales incentives are low as well. Revenue from… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point