Since 2004, autobiz has provided trade-in and valuation solutions to all the players in the European automotive industry. With over 15 billion data points collected from over 50 million trade-in files in more than 35 countries, autobiz is a benchmark in vehicle valuation, consulting and purchasing process digitisation.
autobiz started developing and selling autobizMarket in Spain (known as SistemaVO) in October 2012. Almost 8 years to the day after its launch, the group's Spanish subsidiary has just passed the symbolic milestone of 1,000 subscriber points of sale.
The automotive market is facing its 5th major crisis this century after 9/11 (2001), the financial crisis (2008), the Euro crisis (2012) and last, but not least, the Dieselgate (2016). The Coronavirus crisis is however difficult to compare with previous situations, as its causes and effects are unprecedented.
In Spain transparency of online given car valuations is affected by the increase of online valuations given based on signing a financing project. As this phenomenon is gaining momentum, autobiz decided to apply its knowledge on advanced big data methods and its experience to offer real market value.
This alliance confirms the PSA Group’s ambitions in the used-car business. For autobiz, it rewards the work accomplished over the past decade in helping car manufacturers and distribution groups implement turnkey solutions for online automotive and trade-in pricing.
Car manufacturers, importers and dealers in Austria and Switzerland can now request access to all the features of autobizMarket, which offers a complete analysis of the current trade market for professionals to evaluate their own inventory and optimize decisions on the distribution of used cars online.
Brasil has a high potential for autobiz. Collection of data has been initiated on since April 2011 and autobiz car valuation is now being launched to the Brasilian used car market. In a country currently facing a crisis, the demand for automobiles is now centred on recent used cars.
As part of its European deployment, autobiz is now able to locate qualified car buyers for a network of nationwide dealers in Italy. autobiz SA launched autobiz-usato.it at the beginning of February. The company’s office in Milan has already been providing the autobizMarket platform to national automotive dealers since June 2015.