KAR Global launched a new set of interactive dashboards that display retail and wholesale trends from across the remarketing ecosystem.
KAR designed the solution to help customers navigate the ongoing recovery and keep their businesses moving forward, the company said. The site is powered by DRIVIN, KAR’s data science and analytics engine.
“There’s a lot of data floating around out there—but it doesn’t have any real value if it’s not actionable,” said Peter Kelly, president of KAR. “We’ve distilled our insights down to several key state and national metrics to help customers determine where there is buyer demand, where there is seller inventory and which markets are the most vibrant and active at any given time.”
Available solutions allow users to view state- and date-specific statistics, or to animate aggregate trends over time, according to KAR Global. Retail used vehicle insights include average days of used vehicle supply, retail used vehicle listings and sales as well as a comparison of 2020 inventory to 2019 levels. Wholesale insights focus on buyer engagement, displaying both aggregate and state-level buyer activity versus 2019 levels.
“Data science and analytics are the backbone of KAR Global’s progressive technology infrastructure,” said Tom Fisher, chief digital officer of KAR. “By leveraging our exclusive upstream closed channel data representing 80% of North America’s off-lease inventory, our insights provide the most comprehensive picture of market activity possible. We hope the simplicity and power of these insights help our customers in the weeks, months and years to come.”