Solera cap hpi and RWA Automotive have launched a new actionable insight solution, dubbed Ignite Network Intelligence.
The solution enables OEMs to monitor and evaluate the performance of used vehicles. It offers insights to optimise sales channels and network efficiency, whilst also assessing out-of-network pricing impacting residual values.
Mark Turnbull, director of OEM and Consulting at cap hpi, said: “The collaboration between Solera cap hpi and RWA Automotive marks a significant advancement in the automotive industry, providing OEMs with the tools necessary to enhance their used vehicle operations and maximise profitability within their networks.
“OEMs will be empowered to evaluate profit opportunities within the network by using metrics such as initial advertised prices versus cap live values, current pricing trends, depreciation patterns, advertised margins, and average days in stock.
“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 Network Intelligence provides a comprehensive view that integrates advertised and wholesale data, matched accurately to cap codes. The integration offers manufacturers insights into used vehicle performance within franchise networks compared to external channels which helps inform decisions on remarketing strategies and channel optimisation.
Key benefits include analysis of in/out of network inventory, continuous health check on residual values, remarketing stock management, reclaiming lost cars, and geographical insight.
John Hogan, CEO and co-founder of RWA Automotive, said: “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.”
Users can analyse brand and model performance within the network and access live data on the available stock in the marketplace, benchmarked against cap live values to assess competitiveness.