Solera cap hpi and RWA Automotive have launched a brand new actionable perception resolution, dubbed Ignite Community Intelligence.
The answer allows OEMs to observe and consider the efficiency of used automobiles. It gives insights to optimise gross sales channels and community effectivity, while additionally assessing out-of-network pricing impacting residual values.
Mark Turnbull, director of OEM and Consulting at cap hpi, mentioned: “The collaboration between Solera cap hpi and RWA Automotive marks a major development within the automotive business, offering OEMs with the instruments obligatory to reinforce their used car operations and maximise profitability inside their networks.
“OEMs can be empowered to guage revenue alternatives throughout the community through the use of metrics akin to preliminary marketed costs versus cap stay values, present pricing developments, depreciation patterns, marketed margins, and common days in inventory.
“This insight is crucial for making strategic decisions regarding remarketing channels, whether operating through an agency model or a dealer network and identifying the most profitable avenues throughout a vehicle’s lifecycle.”
Ignite Community Intelligence offers a complete view that integrates marketed and wholesale knowledge, matched precisely to cap codes. The mixing gives producers insights into used car efficiency inside franchise networks in comparison with exterior channels which helps inform selections on remarketing methods and channel optimisation.
Key advantages embody evaluation of in/out of community stock, steady well being verify on residual values, remarketing inventory administration, reclaiming misplaced vehicles, and geographical perception.
John Hogan, CEO and co-founder of RWA Automotive, mentioned: “It’s not often that a solution comes along that uses curated market data to create insights that than can be actioned relatively easily with great return on investment in the order of millions for most OEMs.”
Customers can analyse model and mannequin efficiency throughout the community and entry stay knowledge on the out there inventory within the market, benchmarked in opposition to cap stay values to evaluate competitiveness.
