New technology launches to help OEMs optimise used vehicle sales and protect residual values.

Solera cap hpi & RWA Automotive launch new product: Ignite Network Intelligence.

Solera cap hpi and RWA Automotive have teamed up to launch a new actionable insight solution, Ignite Network Intelligence.

Ignite Network Intelligence enables OEMs to monitor and evaluate the performance of used vehicles across the market, offering insights to optimise sales channels and network efficiency, whilst also assessing out-of-network pricing impacting residual values.

The collaboration leverages Solera cap hpi's experience and automotive data, encompassing over 450,000 advertised data points and cap hpi's live valuations. RWA Automotive already has a proven track record of delivering award-winning data analytics to automotive dealerships throughout the UK. Their expertise in data visualisation has now resulted in easy-to-understand, actionable data that provides real-time insights for OEMs, too.

Features & Benefits

Ignite Network Intelligence provides a comprehensive view that integrates advertised and wholesale data, matched accurately to cap codes. The integration offers OEMs insights into used vehicle performance within franchise networks compared to external channels, facilitating informed decisions on remarketing strategies and channel optimisation.

Key benefits include:

• Analysis of in/out of network inventory – drillable reports detailing ratios across vehicle age, fuel types, geographies and models to provide a comprehensive view of brand performance relative to competitors.
• Continuous health check on residual values – tracks and measures factors impacting residual values, enabling OEMs to proactively manage negative indicators and sustain customer lifetime values.
• Remarketing stock management- compare your network’s stock and sales history with vehicles for remarket and identify which dealers are best positioned to sell available stock at profit.
• Reclaiming lost cars – a daily, actionable list of your brand’s vehicles currently listed for sale on external advertising sites, enabling your dealerships to reclaim your stock.
• Geographical insight – identify trends per region for inventory, days to sell, pricing and stock cover.

John Hogan, CEO and co-founder of RWA Automotive, said: "We are thrilled to launch Ignite Network Intelligence, powered by cap hpi data to the OEM market. No one has combined retail and wholesale perspectives in this manner before. By aligning cap codes with extensive retail data, we've created a platform that delivers unparalleled transparency and actionable insights for OEMs."

Users of the solution can analyse brand and model performance within the network, with geographical insights to identify high-performing regions. They can access live data on the available stock in the marketplace, benchmarked against cap live values to assess competitiveness.

Industry Advancement

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."

Users will also be able to examine the market presence of specific models, including pricing information, sales history, and future valuations.

Ignite Network Intelligence is available now. To read more about Ignite Network Intelligence, or book a demonstration, visit: rwaautomotive.com/oem/solutions/ignite-network-intelligence

About Solera:

Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions, and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a “one-stop shop” solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 280,000 global customers and partners in 120+ countries.

For more information, visit solera.com.

For more information, contact Nathan Lane on 07447 921654/ nathan@campfirepr.com or Terry Gilligan on 07770 703541 / terry@campfirepr.com.

About RWA Automotive:

RWA Automotive provides business intelligence solutions to more rooftops in the UK than any other automotive BI company. Integrating with multiple data sources, RWA Automotive delivers actionable insights to their customers, removing manual work and provide a comprehensive view of their businesses, enabling them to unlock previously hidden opportunities within their data.

For more information, visit rwaautomotive.com/oem

For more information, contact Sinead Farrell at Sinead.Farrell@realworldanalytics.com