Press Release Aug. 26, 2019
Auto Auction Services Corp. (AutoIMS) is pleased to announce the launch of its new Sales Scorecard. The new module, now available at no additional charge to AutoIMS consignor and auction clients, was developed in partnership with the International Automotive Remarketers Alliance (IARA).
The announcement is a big step forward in a long-running project by IARA members to identify a common framework for remarketers to identify and use key metrics about their performance.
AutoIMS VP of Client Experience, Joe Miller said, “This is a fantastic example of the power of the IARA and its Voice of the Consignor mantra. The thoughtful process and input collected along the way gave us ultimate confidence that building this new module would create a rich value-add for our member auctions and consignors alike.”
The Sales Scorecard uses AutoIMS LiveReports technology to produce a new view of auction performance metrics. Conversion rates, average sale price achievement versus floor price and guide book pricing, average mileage and model year of the sold vehicles, and cycle time benchmarks like days to sell and days to CR are all included.
“AutoIMS users can now rate an individual auction’s performance or rank multiple auctions over any period of time,” said AutoIMS Chief Technical Officer, Robert Williams. “Familiar report filters like mileage, classification, frame damage, and several others allow the user to examine very specific segments of their portfolio as well.”
Having completed an insightful beta test and initial round of improvements with several clients, AutoIMS plans to enable the Scorecard for all administrator users on Monday, August 26th
About AutoIMS
AutoIMS connects more than 1,200 commercial vehicle consignors, 650 automobile auctions, and dozens of 3rd party providers, to drive efficiency and increased returns across the entire wholesale remarketing value chain.
As the trusted technology service provider to the industry, AutoIMS delivers applications and solutions that streamline data connections and wholesale remarketing inventory management. Learn more at www.autoimssolutions.com or www.autoims.com.
For more information: Joe Miller, Vice President of Client Experience