Selects RMS Automotive’s Actuos Platform, Management Tools To Improve Off-Lease Vehicle Management, Decision-Making
ATLANTA – April 6, 2015 – As a company committed to innovation, quality and improving how they manage their vehicle portfolio, Porsche Cars North America, Inc. (PCNA) has signed an agreement with Cox Automotive to utilize the Actuos Portfolio Management Solution from its RMS Automotive division. With this agreement, PCNA will use two key modules within the Actuos platform to better manage off-lease vehicle pricing, listings, grounding, facilitate multiple sales transactions via the new digital sales platform, as well as enhanced reporting and visibility to their entire vehicle portfolio. RMS Automotive was first established in the U.K. and is being marketed to customers such as PCNA who want more enhanced visibility into their vehicle portfolio for faster decision-making.
“The partnership with RMS Automotive allows us to take our upstream program to the next level,” said Jim Kuna, manager, vehicle remarketing for Porsche Cars North America, Inc. “Providing us with access to the entire lifecycle of our vehicle portfolio will enable us to make better decisions in the future. We will be better equipped to channel the right vehicles to the right dealers at the right time. This will not only help us, but will be of great benefit to our dealers.”
Under the agreement, PCNA will take advantage of two key modules within the Actuos platform:
- Actuos Vehicle Return – Actuos Vehicle Return simplifies the lease turn-in process of transferring vehicle possession from lessee to lessor through customer-centric tools including grounding tools, vehicle condition capture and customer or dealer purchase options.
- Actuos Vehicle Remarketing – Actuos Vehicle Remarketing provides single-tool direction of the wholesale vehicle disposition process in all channels with end-to-end workflow. Vehicle Remarketing includes a Listing Control Center to manage VIN-specific wholesale transactions from vehicle assignment to sale and settlement, integration with wholesale auction service providers, integrated vehicle logistics through Ready Auto Transport, pricing tool and an online dealer portal to enable sales to any defined group of users.
“Porsche and Cox Automotive enjoy a strong partnership and are committed to finding innovative solutions that drive more informed decision-making and further growth,” said Nick Peluso, RMS president. “With anticipated growth over the next two years in off-lease volumes, this solution will help Porsche better facilitate upstream units, while generating greater business efficiencies.”
About Cox Automotive
Cox Automotive is a leading provider of vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers. Cox Automotive, a subsidiary of Atlanta-based Cox Enterprises, includes Manheim, Autotrader, Kelley Blue Book, vAuto, NextGear Capital, and a host of global businesses and brands serving customers such as auto dealers, manufacturers and financial institutions. Headquartered in Atlanta, Cox Automotive employs nearly 24,000 employees in over 150 locations worldwide. The company partners with more than 40,000 dealers, as well as most major automobile manufacturers, and touches over 67 percent of all car buyers in the U.S. with the most recognized brands in the industry. Cox Automotive unites more than 20 brands in this space, providing an end-to-end solution to transform the way people buy and sell cars every day.