INDICATA will deliver insights into the used vehicle business of Kia in Europe
Hamburg – October 17, 2017
INDICATA, the global leader in business intelligence and analytics solutions for used car operations to the automotive industry and part of the Autorola Group, announces today that it has been selected by Kia Motors Europe to provide INDICATA’s business intelligence and advanced analytics solutions to Kia on a European level.
INDICATA is a web-based platform that monitors all used cars currently for sale in a market by collecting and analysing live used car market data in real-time from online sources such as classified websites, OEM websites, dealer websites and used car retailer websites. Engineered for high-performance used vehicle management, INDICATA enables car makers and dealers to turn data-driven insights into a competitive advantage and provides them strategic guidance to improve operational efficiencies in their used vehicle operations.
“We are thrilled to have won this new business and to be working with the teams of a world-class organisation like Kia Motors Europe. Kia is among the fastest-growing brands in Europe and around the world and we are delighted to support their own growth plans in their European used vehicle operations.“ said Peter Grøftehauge, Chief Executive Officer of Autorola Group.
“Our new customer win with Kia Motors Europe further demonstrates our position as the market leader in providing operational analytics, performance management and business intelligence solutions to the used vehicle business. We set the standard for ease and speed of deployment, ease of use, functional depth, end user adoption, cost effectiveness in both initial acquisition and ownership over time, along with overall ROI. INDICATA delivers on the promise of business intelligence,” Peter Grøftehauge added.
The selection of the INDICATA cloud-based solution is the result of an exhaustive study of business intelligence solutions providers by Kia’s management team. Kia Motors Europe has implemented INDICATA in its corporate management and operations and sees INDICATA as a highly valuable tool for Kia’s European network.
"We compared a range of solutions providers," said Michael Cole, Chief Operating Officer of Kia Motors Europe. "INDICATA stood out for the detailed business intelligence and analytics it provides. Their solution allows us to receive excellent operational analysis and reports, which can help the efficiency of our used car operations."
INDICATA brings a unique solution to the market, improving profitability in used vehicle operations and protecting residual values in the automotive industry and in aligned sectors. The real-time business intelligence solution collects, processes and analyses live used car market data to provide insights on market dynamics including demand, supply, pricing, inventories, etc. INDICATA is a web based platform that monitors all used cars currently for sale in a market by automatically gathering data in real-time from online sources such as classified websites, OEM websites, dealer websites and used car retailer websites.
INDICATA’s web based dashboards provide real-time KPIs, reports and analysis. These insights enable customers such as car manufacturers, importers, dealers, fleet owners, rental companies, banks and insurance companies to instantly measure their market position and to effortlessly monitor the performance of their networks. Additionally, users of INDICATA can easily manage supply and demand for their stock as well as plan strategies and tactics to protect residual value and improve sales. Against a backdrop of ever changing market conditions, INDICATA delivers the insights to optimise used vehicle prices and to proactively manage risks.
About Autorola Group
Autorola Group is a global leader in online remarketing and automotive IT solutions for used vehicles and professional fleet management headquartered in Denmark. The company has currently approximately 360 employees and subsidiaries in 19 countries across Europe, North America, Latin America and Asia-Pacific.