DETROIT – General Motors and NuTech Solutions, specializing in the commercialization of advanced software for prediction and optimization, have renewed the license for NuTech Solutions' ClearVu Remarketing software, supporting used-vehicle distribution, through 2008.
General Motors will continue to utilize ClearVu Remarketing, in place since 2002, to optimize distribution of more than 500,000 used vehicles annually. NuTech Solutions' ClearVu Remarketing incorporates market intelligence, such as pricing models, holding costs, inventory constraints, floor prices, transportation costs, secondary market locations, and supply and demand curves, into its capability to determine the optimal distribution of vehicles across a multitude of auction locations. As a result, GM can make more efficient vehicle logistics decisions, which drive improved operating results.
"GM Remarketing relies on the daily distribution recommendations from ClearVu Remarketing to implement cost-effective logistics for our used vehicles," said Jeff Heichel, director, GM Used Vehicle Activities. "Our license renewal with NuTech Solutions will enable us to continue delivering vehicles in a dynamic environment quickly and effectively."