Helping Dealers Make Data-Backed Selling Decisions
FOR IMMEDIATE RELEASE
CARMEL, Ind. – Oct. 5, 2021 – autoniq®, a business unit of global technology solutions provider and a leading operator of digital marketplaces for wholesale used vehicles KAR Auction Services Inc. d/b/a KAR Global (NYSE: KAR), announces the autoniq Wholesale Index™. The new product provides direct access to auction data on vehicles sold at auction—both online and at physical locations.
The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction; users can toggle the data from as close as 50 miles to as far as 3,000 miles from their dealership. Data is comprised of ADESA sales data for the last 90 days.
“With extreme volatility in the used car market today, dealers need new vehicle valuation data more than ever to preserve and optimize their margins,” said Rick Griskie, president of digital marketplaces at KAR Global. “The autoniq Wholesale Index provides real transaction data from the dealer’s local market, allowing them to make informed, data-backed bidding and buying decisions.”
The autoniq Wholesale Index was developed based off feedback from dealers seeking more comprehensive live market data. With the new digital tool, dealers can see a quick summary showcasing the average local wholesale transaction price and average mileage of a specific vehicle’s make, model, year and trim. The autoniq Wholesale Index detail view is updated frequently to ensure customers have the right data at the right time.
“Dealers want to know what’s happening in their local marketplace—they’re looking for access to actual transaction data,” said Joe Oliveri, vice president of product management and data services at KAR Global. “This powerful new tool gives our dealers a competitive edge so they can quickly and conveniently budget, bid, price and ultimately maximize returns.”
Existing users can add autoniq Wholesale Index to their account by contacting support@autoniq.com. New users can sign up at autoniq.com/signup or by calling (866) 482-8421.
autoniq powers the leading source for vehicle pricing and evaluation information, giving automotive dealers the confidence they need to make buying decisions for their business—all in one application. Dealers can scan VINs with a fast and accurate VIN scanner, browse available auction inventory for nearly 400 auctions and search for vehicles from mobile or desktop.
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About KAR
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services, including the sale of nearly 3.1 million units valued at approximately $30 billion through our auctions in 2020. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, Uruguay, United Kingdom and Europe. For more information and the latest KAR Global news, go to www.karglobal.com and follow us on Twitter @KARspeaks.
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