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The power of dealership data

Technology product integration creates efficiency for dealerships. It's also at issue in a federal lawsuit in Arizona over control of data inside a DMS.
Discounts, delays take $60M bite out of CDK

The dealership software giant said the financial impact of COVID-19 on its business came in at the "very low" end of its projections.
The power of dealership data

Technology product integration creates efficiency for dealerships. It's also at issue in a federal lawsuit in Arizona over control of data inside a DMS.
Beefing up competition in the DMS market

Auto/Mate CEO Mike Esposito retired at the end of July as the DMS company he led for 15 years continues to integrate with dealership technology company DealerSocket.
Arizona a ‘guinea pig' in case involving access to DMS data

The outcome of a lawsuit over control of data could have ramifications beyond the state, where a state law is being challenged.
CarGurus
CarGurus turns Q2 profit; revenue falls from outbreak

Subscription revenue to CarGurus' vehicle listings marketplace fell 38 percent in the second quarter. Dealership cancellations stabilized in May, the company said.
CDK avoids big financial hit from coronavirus

CDK Global reported revenue declined 8 percent in its fiscal fourth quarter, but swung to a quarterly profit with the completed sale of its digital marketing business.
Online marketplaces
As dealers restart marketing, some are returning to listings sites

We're getting a better idea of the impact of the pandemic on online shopping sites' dealership customer counts as those companies that are public start to release Q2 earnings.
Next Cox leader will need to ‘be bold' to go digital

Outgoing President Sandy Schwartz said a focus on digital initiatives and data insights for dealerships will continue under new leader Steve Rowley.
Digital retail will be key even beyond crisis

Dealerships that don't use digital retailing are at a disadvantage compared with those that do, panelists said in the latest installment of Automotive News' Retail Forum: Dealer Discussions series.
Sales join essential list, with push

Groups from NADA to Cars.com made the case that vehicles may have to be replaced, not just serviced, to keep critical services moving.
Cars.com
Pandemic takes toll on Cars.com Q2 revenue, profit

Cars.com reported that its operating expenses were 19 percent below the same quarter in 2019. The company took a series of cost-cutting steps as the pandemic spread across the U.S. this spring. Cars.com shares surged higher despite a down day on Wall Street.
Cox Automotive cuts 1,600 jobs in North America

About 1,100 of the 1,500 positions eliminated in the U.S are part of Cox's Manheim wholesale auction unit. Another 130 posts were cut in Canada.
Sandy Schwartz, left, and Steve Rowley
Schwartz to leave Cox Automotive for new role with parent company

Steve Rowley, executive vice president of the Cox Business commercial unit, will succeed Sandy Schwartz as president of the dealership services giant starting Monday. Rowley and Schwartz will work together on the leadership transition at Cox Automotive.
Online car sales
Consumer interest in digital retailing services remains

Survey results suggest that customers aren't abandoning these options now that they again can visit a showroom in person.