{"id":2525,"date":"2015-09-23T14:32:03","date_gmt":"2015-09-23T14:32:03","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=2525"},"modified":"2015-09-23T14:32:03","modified_gmt":"2015-09-23T14:32:03","slug":"cap-ramps-data-increase-used-retail-pricing-accuracy","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/cap-ramps-data-increase-used-retail-pricing-accuracy\/","title":{"rendered":"CAP ramps up data to increase used retail pricing accuracy"},"content":{"rendered":"<div data-ads-body-copy=\"true\" data-ads-first=\"2\" data-ads-every=\"3\">\n<p style=\"text-align: justify;\">CAP Automotive is increasing the amount of data is uses to determine used retail pricing as part of an overhaul of its services.<\/p>\n<p style=\"text-align: justify;\">The company said it would be ramping up its data sources from 700,000 to 8 million\u00a0sources in total by the end of December this year.<\/p>\n<p style=\"text-align: justify;\">The new retail pricing data will use big data sets to provide real-time intelligence on used retail pricing.<\/p>\n<p style=\"text-align: justify;\">CAP says it referenced 4.8m pieces of data when building the model, which uses artificial intelligence technology to provide figures that respond to trends on a daily basis.<\/p>\n<p style=\"text-align: justify;\">The business said a dealer can access data in three seconds and search by VRM or make, model, trim, fuel type and transmission.<\/p>\n<p style=\"text-align: justify;\">Derren Martin, senior editor at CAP Automotive, said: \u201cConsumers arrive on the forecourt having already researched vehicle options and local pricing.<\/p>\n<p style=\"text-align: justify;\">\u201cIt is important that retail pricing data responds to market trends in real-time and is as accurate as possible.<\/p>\n<p style=\"text-align: justify;\">&#8220;We have pushed the limits of new technology to provide our new model.\u201d<\/p>\n<p style=\"text-align: justify;\">CAP Automotive says it plans to enhance the service with vehicle options, customer insights and regional price variations in 2016.<\/p>\n<p style=\"text-align: justify;\">A spokesman for CAP confirmed the company would not be increasing prices for dealers as a result of the data overhaul.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CAP Automotive is increasing the amount of data is uses <a class=\"moretag btn btn-primary\" href=\"https:\/\/dev.lnetdev.uk\/thevra2026\/cap-ramps-data-increase-used-retail-pricing-accuracy\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":79,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37,159],"tags":[30,305],"class_list":["post-2525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","category-vra-member-news","tag-cap","tag-used-retail-pricing"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/2525","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=2525"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/2525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=2525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=2525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=2525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}