Auto Trader announced as AFC’s data and insights partner for automotive

Asset Finance Connect (AFC) is pleased to welcome Auto Trader as its Data and Insights Partner for Automotive.

“Auto Trader is at the forefront of the UK automotive marketplace, providing the latest data and intelligence to the industry,” said Edward Peck, CEO of AFC. “We are thrilled to have them as our data and insights partner for the auto industry. Their forward-thinking contributions, knowledge, and awareness of current trends in the auto market will be invaluable to the AFC community.”

Auto Trader Group plc, who have also joined the AFC corporate member community, is the UK’s largest automotive marketplace. With the largest number of car buyers and the largest choice of trusted stock, its marketplace sits at the heart of the UK car buying process.

That marketplace is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.

Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. This data is used by the Bank of England to feed the broader UK economic indicators as well as the Office for National Statistics to feed the UK’s official inflationary measures.

Rachael Jones, Automotive Finance Director, Auto Trader said, “The automotive industry is going through a significant period of change. Electric and autonomous vehicles are set to change how and what consumers drive, whilst agency models, omnichannel retailing and subscription services will change how consumers buy or use cars. Based on circa 80m visits to our platform every month, as well as our partnership with around 14,000 retailer partners, and all major manufacturers, our data offers the largest and most accurate view of the UK’s retail market.

“Given its huge reach, we have no doubt that this new partnership with Asset Finance Connect, will be the most effective way we can ensure the finance community has the market intelligence it needs to confidently adapt alongside this transformation.

For more information about Auto Trader, visit their website at https://www.autotrader.co.uk/partners/retailer/resources/auto-trader-insights or find them on LinkedIn at https://www.linkedin.com/showcase/auto-trader-insight/posts/?feedView=all

To find out more about becoming an AFC Corporate Member, contact our Business Development Director, Joe Nilsson, on tel: +44 (0) 7379 096 111 or via email at joenilsson@assetfinanceconnect.com.