Autorola Group has launched its Indicata business intelligence and insight software platform for used vehicle management in the UK.

Initially developed for dealers and OEMs, Indicata collates, analyses and processes real-time data on used vehicles offered in the UK market giving dealers market insights to help increase stock turn and profitability.

It tracks the price development and number of stocking days of the dealer’s stock and competing vehicles. Parameters such as price, mileage and age of vehicles are factored into comparisons.

It also compares a dealers’ vehicle inventory and prices with competing vehicles in the market.

Price positioning, market days’ supply and trends are presented in dashboards as KPIs as well as giving the user the ability to download reports in excel.

Indicata’s national business development manager Neil Gilligan (pictured) said: “Used vehicles are an important source of revenue and profit for all OEMs and their dealers and Indicata has been developed to give them the tools to help further increase the efficiency and profitability of their businesses.

“Indicata has been providing a valuable series of insights to dealers across the globe for the past two years. After a successful pilot in the UK it is now fully operational.”