{"id":10148,"date":"2019-09-26T11:22:38","date_gmt":"2019-09-26T10:22:38","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=10148"},"modified":"2019-10-09T15:06:15","modified_gmt":"2019-10-09T14:06:15","slug":"vra-seminar-sponsors-blog","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/vra-seminar-sponsors-blog\/","title":{"rendered":"VRA Seminar sponsors’ blog"},"content":{"rendered":"

Power of using retail dynamic pricing in a wholesale market<\/strong>
\nAccredited to Rupert Pontin, Director of Insights, Cazana<\/strong><\/p>\n

What do we mean by retail dynamic pricing?<\/strong>
\nData-driven pricing is changing the way we sell, buy and value vehicles. Cazana’s award-winning
\nrealtime retail data and valuations look at the whole market to provide the most accurate vehicle
\nvaluation and forecast data in the industry. Our data enables us to see market trends and
\nchanges as they happen in realtime, using data science and transparent retail back methodology
\nas opposed to manually edited guides.<\/p>\n

What are the main benefits of using retail dynamic pricing?<\/strong>
\nRetail dynamic pricing helps you to increase your return on investment. How? Put simply, by
\nallowing you to know what the retail customer is willing to buy the car for. You can then give the
\ntrade dealer a fairer price for the vehicle as well as allowing yourself to make a little extra margin.
\nTo get the price at the wholesale market you need to understand the buyers market and retail
\ndata. This will in turn allow you to understand what the retail customer will pay for your vehicle
\nand what the trade dealer can sell it for. Knowing all of this information will allow you to get the
\nbest money for your asset and sell it on quickly.<\/p>\n

Staying up to date. It\u2019s no secret that the car market is more complex and challenging at the
\nmoment with dealers struggling to get customers through the door. To make sure you can sell
\nyour asset on as quickly as possible it\u2019s important to stay up to date with what is happening in the
\nretail market. Cazana\u2019s realtime data looks at the whole market not just individual retail
\nadvertising platforms or low volumes of wholesale data and is updated every 24 hours giving you
\na fresh and speedy view of what your assets are worth.<\/p>\n

This realtime view can also help you to highlight vehicles that are are depreciating rapidly and
\nwon\u2019t be worth what you forecasted. Allowing you to cut your losses early, offer the customer a
\nnew car and sell the vehicle on promptly.<\/p>\n

What tools do Cazana offer?<\/strong>
\nCazana Muti<\/em> – Cazana Multi is a powerful enterprise tool used to interrogate vehicle lists in bulk
\nin Excel and CSV formats. Multi allows users to upload thousands of rows of vehicles on their
\nasset list, in stock or that they are considering buying and output realtime valuation and vehicle
\ninformation against every row. Multi is heavily used by the automotive trade and lenders to
\nassess stock and portfolio values within their current workflows without the requirement to
\nintegrate APIs.<\/p>\n

This powerful tool allows remarketers and leasing companies the opportunity to revalue entire
\nfleets within minutes. When your assets leasing life comes to an end, you can simply revalue in
\nbulk and in minutes you will have a list of both trade and retail prices for all of your current assets.
\nYou could also run entire auction catalogues through Multi if you would like up to date values on
\nthe day of the auction.<\/p>\n

This handy tool will save hours of manual work and allows redeployment of pricing teams to more
\ninnovative routes to market, saving you both valuable time and money.<\/p>\n

Cazana Finance Companion<\/em> – This is used by vehicle lenders and brokers to better understand
\nthe value and provenance of used vehicles at point of quote and whilst on-risk. The combination
\nof full vehicle history data, including an Experian-powered provenance check, previous listings for
\nsale, Cazana realtime valuations and the ability to back and future-date valuations, come together
\nto provide a powerful one-stop tool to vehicle lenders.<\/p>\n

Using Cazana\u2019s days to sale will show how long it will take the dealer to sell the vehicle in
\nquestion and the tool will also show the impact of condition on pricing. This gives invaluable
\npricing insight that will highlight whether or not it is worth getting the vehicle repaired before
\nwholesale or whether or not it\u2019s worth selling the vehicle to the trade in defleet condition.<\/p>\n

If you are curious to learn more and want to trial our data for yourself to see exactly how powerful
\nit is and how it can help you sell assets more profitably, please get in touch with us on
\nsales@cazana.com<\/a> or reach out directly to Rupert Pontin on rupert@cazana.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Power of using retail dynamic pricing in a wholesale market Read More…<\/a><\/p>\n","protected":false},"author":61,"featured_media":9209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85],"tags":[493,115,35,139,84,424,494],"class_list":["post-10148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vra-news","tag-cazana","tag-remarketing","tag-smmt","tag-used-cars","tag-vra","tag-vra-annual-conference","tag-vra-seminar"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/10148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=10148"}],"version-history":[{"count":3,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/10148\/revisions"}],"predecessor-version":[{"id":10634,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/10148\/revisions\/10634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media\/9209"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=10148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=10148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=10148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}