Press Release
Indicata launches new Market Tracker used car intelligence platform
Indicata UK has launched its Market Tracker used car intelligence platform that monitors pricing trends and supply and demand dynamics for individual vehicle brands and models.
It consolidates historic market trend data going back up to five years and real-time monthly data into a single dashboard, providing powerful used vehicle insights for OEMs, leasing and rental companies, and dealer groups.
It enables users to build a pattern of used vehicle brands and individual models based on data from all used cars sold in the UK over the past five years aged above three years and 38,000 miles.
An intuitive dashboard enables users to quickly interrogate the data by make, model, body type, fuel type, category, segment and transmission with all data updated monthly.
Individual segments will benefit from Market Tracker in different ways – OEMs can track competitive positioning, monitor market share movements, and analyse model performance across segments; while leasing and rental companies can monitor residual value pressures, assess portfolio risk and optimise fleet composition.
Dealer groups meanwhile can identify pricing opportunities, forecast demand patterns and improve stock turn efficiency.
“Market Tracker represents an evolution in how we enable customers to access our data,” explained Dean Merritt, Indicata UK’s head of sales.
“It leverages Indicata’s years of used car market data and expertise to transform it into clear, actionable insights for used car and remarketing professionals.
“Market Tracker provides access to Big Data with speed and precision which is invaluable in this current environment where used markets are changing quickly,” he added.
Four different levels of subscription are available, ranging from a highly accessible tool with simple filters to a multi-country, all-brand decision-making engine, depending on the user’s individual needs.