Aston Barclay launches live Vendor Calculator
12 February 2019
Author: Sean Keywood
A new live market intelligence tool has been launched by auction firm Aston Barclay.
The Vendor Calculator is said to have been designed to provide dealer and fleet vendors with live performance management on each vehicle that enters an Aston Barclay auction, as well as their overall asset portfolio.
It includes comprehensive vehicle details and sale history, with the aim of offering transparency on stock sales and current market buyer trends.
The firm says it allows vendors to take a holistic overview of their entire used vehicle portfolio during a sale, offering 'at-a-glance' profitability status and benchmarks against CAP values.
The data is meant to help vendors decide whether to accept provisional bids at their current face value. The platform will provide total sale results for CAP, conversion, SIV and reserve based on current bid values.
Aston Barclay says a future development will allow vendors to proactively request increased offers from buyers, which they can respond to with their mobile phone.
Aston Barclay CEO Neil Hodson said: "Vendor Calculator enables our customers to control and manage their auction performance, in real time, remotely from anywhere in the world.
"The real-time market intelligence presented within the system gives vendors the ability to make decisions as sales are progressing, with knowledge of where they are on conversion rates, asset profitability and performance against reserve values.
"We have tested this with a number of key vendors and so far, the response has been exceptional."
The tool is available either remotely via iPad or onscreen around the Aston Barclay auction network.