ATLANTA, Sept. 28, 2017 /PRNewswire/ -- RMS Automotive has partnered with Carfax to enhance the digital buying experience using key vehicle history details. Dealers with a Carfax Advantage account now can use Carfax information when searching for inventory through manufacturers' digital sales platforms powered by RMS Automotive. This added transparency helps manufacturers build trust with dealers so they can make more informed, confident buying decisions.
"RMS Automotive is committed to providing innovative solutions that drive more informed decision-making and further growth," said Zach Hallowell, general manager for RMS Automotive. "Our partnership with Carfax allows us to provide dealers with a better buying experience on our client-branded marketplaces while also building dealer confidence in manufacturers' inventory."
BMW Financial Services NA, LLC is the first commercial consignor to incorporate the Carfax vehicle history search function into its digital marketplace. Dealers searching for pre-auction inventory found on BMWGroupDirect.com can filter results by four key Carfax data points – reported accidents, number of owners, vehicle use and service records – prior to purchasing. The improved acquisition experience with BMW Financial Services helps Dealers save time sourcing high-quality used vehicles and make faster, more confident decisions.
"Giving critical details about a vehicle's history to dealers up front helps streamline both the selling and acquisition process," said Joe Koenig, vice president of Carfax. "RMS Automotive and BMW Financial Services are meeting the needs of dealers by quickly matching them with vehicles that have the history they want. When everyone has access to the same trusted information the result is a more transparent, trustworthy marketplace."
RMS Automotive will offer the Carfax vehicle history search capability to additional manufacturers in 2018.
About RMS Automotive
Transacting vehicles in multiple countries and growing, RMS Automotive, a Cox Automotive Brand, delivers a global enterprise software solution that enables its commercial clients to manage their portfolios across the complete vehicle lifecycle – from new car build to used car sale. Through automation and data science, RMS Automotive provides VIN-specific recommendations for accurate vehicle pricing as well as optimal reconditioning and inventory distribution. These services deliver real-time integration with a client's platform, faster remarketing time, reduced depreciation/cost of capital, improved residuals and reduction in wholesale losses. For more information about RMS Automotive, www.rmsautomotive.com or www.rmsautomotive.eu.
About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, financial, retail and wholesale solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 34,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues exceeding $20 billion and approximately 60,000 employees. Cox Enterprises' other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.
Carfax, a unit of IHS Markit (Nasdaq: INFO), is trusted by the automotive industry to help acquire, advertise, retail and service used cars with innovative solutions powered by Carfax vehicle history information. The expert in vehicle history since 1984, Carfax provides exclusive solutions like Carfax Used Car Listings, myCarfax, Carfax History-Based Value and the flagship Carfax® Vehicle History Report™ that build consumer confidence. Carfax owns the world's largest vehicle history database and is a nationally recognized top workplace by The Washington Post and Glassdoor.com. Become a Carfax Advantage™ dealer at www.carfaxonline.com or call 888-788-7715. Based in London, IHS Markit is a world leader in critical information, analytics and solutions.
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SOURCE RMS Automotive