Service Activity Increases While Revenue Sees Modest Decline in October, according to Xtime Metrics
Friday November 18, 2022
Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index increased modestly, while the Repair Order Revenue Index slipped slightly to just below the record high set in September.
The monthly Xtime volume and revenue metrics are designed to showcase average service department performance over time, with the information indexed to January 2019. The two top-line measures provide a glimpse into service department performance at franchised dealerships in the U.S. Xtime, a Cox Automotive brand, provides software that helps auto dealers facilitate more than 10 million service appointments monthly.
The October Repair Order Volume Index increased to 87.5, up 1.2% month over month from September’s downwardly revised number and was down 2.9% compared to October 2021.
Xtime Repair Order Volume Index
At 128.8, the Repair Order Revenue Index for October was down 0.5% from September’s upwardly revised reading and is up 9.6% year over year. The average revenue generated per repair order decreased by $3, after reaching a record high for the index in September.
Xtime Repair Order Revenue Index
Note: Historical data are seeing revisions, but the previously reported pattern remains intact.
Cox Automotive Industry Insights, with help from the Xtime data team, report the Repair Order Volume Index and Repair Order Revenue Index around the 20th of each month. For more information, reach out to the Cox Automotive Public Relations team.
Xtime is the leading end-to-end software solution that drives customer loyalty and revenue for automotive dealers in each stage of the service process. With easy-to-use technology and industry experts, Xtime helps dealers meet changing customer expectations. As an advanced, connected solution that provides exceptional support, Xtime is committed to helping dealers deliver the ultimate service experience. Through transparency, convenience, and trust, Xtime Spectrum — comprised of Schedule, Engage, Inspect, and Invite — facilitates more than ten million service appointments monthly. Xtime is a Cox Automotive™ brand.