Another consignor is enhancing its remarketing efforts by leveraging technology and high-level mathematics.
On Thursday, Sagent Lending Technologies announced the integration of Manheim Market Report (MMR) into its suite of business process outsourcing (BPO) solutions for its remarketing operations. With this integration, Sagent now can leverage MMR as a key input into its proprietary pricing algorithms, enabling it to more accurately and competitively price vehicles.
Sagent remarketing specialists using MMR can search with a full VIN number or just the first 10 digits of a VIN number. They can also search using qualifiers such as the year, make, model and style of a vehicle.
“While our resale values were already above industry averages, this integration to MMR allows us to further improve our performance — ensuring that lenders are getting increasingly greater resale results from their inventory,” says Stephen Bissett, vice president of client services at Sagent Lending Technologies.
“Continual and meaningful data integrations are something that our clients have come to expect from Sagent over the years, and those integrations are something that we’re more than happy to deliver upon,” Bissett continued.
Manheim director Sarah Bannister added, “Manheim and Sagent have been long-time partners, and this integration is indicative of our common goals. Greater pricing accuracy leads to stronger performance and results, something that we both aim to deliver for our clients.”