The eVA Valuations, eVA Appraisals, eVA Underwrite and eVA Insight systems all draw on Manheim’s existing valuation technology, which uses wholesale and retail data to calculate accurate vehicle values up to six months in advance.
Cox Automotive’s physical remarketing division said in a statement that the new suite of systems had been designed to offer “tailored solutions across the entire part-exchange process, from online consumer valuation through to insight-led disposal decisions”.
The new systems follow research carried out by Cox Automotive which indicated 80% of dealers expect to offer a full ecommerce experience within the next five years.
Paul Humphreys, managing director of car buying and mobility at Cox Automotive, said: “The move towards online car buying has begun and is gathering pace, but building part-exchange into the deal adds an element of complexity that other parts of the retail sector haven’t needed to overcome.
“In the world of new cars, we already offer part-exchange valuation tools that feed into the full ecommerce offering of OEMs, allowing online consumers to complete their deal, from car configuration right through to delivery.
“eVA Valuations allows dealers to offer this service to consumers looking for a new car through a white label tool that integrates with their website.”
Manheim said that its new eVA Appraisals system is a vehicle inspection tool that helps the dealer sales team to deliver accurate, consistent part-exchange appraisals.
Meanwhile, eVA Insight uses data to inform retailers’ decision-making on whether to sell a vehicle on the forecourt or remarket it the wholesale network.
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