Service departments were busier in January than the month before and revenue continued to grow, according to the latest analysis of Xtime data by Cox Automotive. The Xtime Repair Order Volume Index of 82.4 for January represented a 2.7% increase from December and a 1.3% drop from January 2023. Service department revenue remained strong, with […] [Read More]

Individuals outside the automotive industry might believe owning a dealership is a way to literally print money. Knowing full well that’s not the case, Tim Blochowiak of Protective Asset Protection offered some suggestions to help principals build real wealth through their businesses during this episode of the Auto Remarketing Podcast, recorded at NADA Show 2024 […] [Read More]

Buckeye Dealership Consulting evidently ran the numbers and added one of the buy-here, pay-here industry’s leading experts in accounting to its roster. This week, the provider of reinsurable products for automobile dealers and finance companies announced that David Wiggins has joined Buckeye as a senior advisor to the executive management team. Wiggins brings more than […] [Read More]

Automakers and dealerships in Canada now have another option to make their certified pre-owned vehicles stand out on history reports. CARFAX Canada has debuted a Certified Pre-Owned badge on its vehicle history reports that is designed to help its OEM partners and their dealers “distinguish their CPO units from others in today’s competitive used-vehicle market,” […] [Read More]

Axis Auto Finance is looking to maximize shareholder value for its investors. It initiated a review of strategic alternatives to do just that, also forming a special committee of independent directors, announced last week. In response to growing interest, the special committee will analyze a range of alternatives to “determine the best path forward to […] [Read More]

Late on Wednesday afternoon, ACV announced the settlement of its antitrust litigation related to the AutoIMS technology platform as well as against the National Auto Auction Association. In the summer 2022, ACV filed suit after the company was unable to secure a license from AutoIMS, which serves the wholesale automotive remarketing industry with a tool […] [Read More]

Customer data and marketing platform PureCars has promoted chief operating officer Lauren Donalson to the role of president. Donalson joined PureCars in 2015, serving as regional manager, national director and senior vice president before moving up to COO in January 2023. She began her automotive career through her family’s dealership group, holding various fixed and […] [Read More]

The National Automobile Dealers Association has made some adjustments to its leadership structure, including the creation of a new position to bolster its government relations and advocacy. NADA has promoted senior vice president of regulatory affairs Paul Metrey to the new role. He began serving in that capacity Nov. 1, 2023. Metrey, who has worked […] [Read More]

Automotive technology provider Rodo has launched an artificial intelligence-driven vehicle search platform that the company said “sets a new standard for intuitive and seamless car shopping.” CEO Nathan Hecht said Rodo has “reimagined” how AI is used in the vehicle search process. “Conventional interfaces burden users with menus, dropdowns, toggles and an overwhelming array of […] [Read More]

The number of franchise dealerships in the U.S. remained stable in 2023, according to the latest research from Urban Science. The automotive consulting and technology firm’s 2023 year-end Automotive Franchise Activity Report found there were 18,347 dealership rooftops nationally as of Dec. 31, 90 more than at the end of 2022. Meanwhile, the number of […] [Read More]