Online platform disrupts upstream vehicle remarketing

With more than 40 currencies and nearly 30 languages currently supported, the RMS Automotive platform integrates with client technology and enables commercial consignors to manage the complete vehicle lifecycle — from new car build to used car sale — and enhance the value of their remarketing inventory.

Since entering the market three years ago, the company has disrupted the way large commercial clients manage their vehicle portfolios, says RMS Automotive president Nick Peluso.

“We’re driving an OEM migration and causing others to play catch up,” says Peluso. “This trend is reinforced by our recent wins and milestones with BMW, Honda, Mercedes-Benz, Nissan, Porsche,Toyota, Volvo and others.”

RMS provides VIN-specific recommendations for accurate vehicle pricing as well as optimal reconditioning and inventory distribution across physical wholesale auctions. The services deliver real-time integration with a client’s platform, faster remarketing time, reduced depreciation/cost of capital, improved residuals and reduction in wholesale losses, say the company.

“We’ve stimulated a paradigm shift in the automotive industry, guiding OEMs to rely more on data analytics to drive their decision making instead of only trusting their gut,” says Peluso. “Our scientific approach to vehicle remarketing — backed by RMS’s unique team of data scientists and analysts, as well as access to Cox Automotive’s proprietary wholesale and retail data — is a real game changer.”

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