BCA daily valuation intelligence to bring real-time remarketing insight
BCA has introduced daily valuation intelligence to ensure buyers and sellers are fully informed with actual market conditions.
The service uses fully automated machine learning algorithms to predict the final hammer price on vehicles sold at BCA, based on 200 distinct data points across five million real transactions.
Introduced following a significant expansion of BCA’s Decision Intelligence capability, the service is now provided daily to BCA customers using the BCA Dealer Pro system and underpins a range of pricing services BCA provides for the used vehicle sector.
It also provides future auction values, allowing dealers to make informed decisions on retail customers’ part-exchange vehicles today that might not come back into their network for several weeks.
Dene Jones, BCA’s chief marketing and data officer commented “With the used sector providing the best profit opportunities for retail dealers and the steady rise of 24/7, 365 trading in used vehicles, monthly price adjustments no longer meet the needs of our customers. BCA Valuations is the only service that reflects remarketing sale values in real-time using a range of insight, including cosmetic and mechanical condition, colour and equipment.”
He added: “BCA Valuations is game-changing for the remarketing sector and means both buyers and sellers are aligned to actual, real-time market sentiment.”