Introducing
Market Check
A powerful, market-wide vehicle insights tool for dealers.
MOTORS is thrilled to announce the BETA launch of ‘MOTORS Market Check powered by Percayso’, providing access to vehicle market and pricing information across the entire UK used car marketplace.
Leveraging data from multiple sources and using billions of data points, Market Check is a comprehensive data source for both current and historical vehicle information.
Data you can trust
and rely on
Percayso has already proven itself as a data partner to the insurance and underwriting industry and is still the go-to source of the Financial Ombudsman Service in resolving insurance claim disputes. You can rest assured the data is proven, trusted and rock-solid.
Market Check is created in partnership with the team at Percayso. The database of vehicle listings has been built over the last ten years providing powerful access to inform decision making.
Market Check benefits from AI and machine learning to refine valuations and market insights.
Simply put, you get the full picture!
Market Check in action
1.
Vehicle valuations based on whole of market are compiled daily from approx. 750,000 unique adverts.
2.
Data is augmented by 1 billion historical adverts with images, descriptions, specifications, owners and MOT history
3.
Data is interrogated and powered with machine learning and AI modelling to provide real-time insights.
4.
A dedicated team of data experts work continuously to enhance and optimise the data.
Vehicle insights at your fingertips
- View pricing data quickly and visually
- Carry out an immediate price check
- Discover the guideline Trade Price and the Retail Price, broken down by sector:
– Independent
– Supermarket
– Franchise - View days to sell and likely market demand at a glance
Access an in-depth, fully comprehensive valuation and market overview report for a specific vehicle.
How do I access Market Check?
Market Check is available inside Dealer Centre, where the majority of our advertisers access their inventory management and reporting. For our non-car dealers (those dealers specialising in motorcycles, motorbikes, commercial vehicles, campers and caravans), plus those advertisers on single MOTORS advertising packages, access is via a browser based website.
Where does Market Check data come from?
Market Check collates data daily from multiple sources across the UK automotive market to provide accurate real-time valuation, pricing, and vehicle-specific information.
Datasets, some of which are unique to Market Check, are gathered from millions of records of public domain data that has been collected, analysed, normalised, and archived for retrieval via vehicle VRM/VIN.
Market Check also has a vast archive of over 1 billion historical vehicle adverts mapped to the PRM, enabling actual advertisements of exact vehicles to be pulled upon in the majority of cases.
This significant depth of historical advert data and retail valuations is used to feed into pricing algorithms to help give live, accurate retail prices.
How many vehicles does Market Check cover?
There are currently over one billion historical individual vehicle adverts within Market Check dating back to 2012.
Approximately 750,000 new individual vehicle adverts are also added on a daily basis. All of these vehicles help train the machine learning and AI models used to provide present and future valuation data. These are actual adverts placed on multiple websites across the whole of the U.K.
Why is Market Check so valuable for dealers?
Market Check enables dealers to source and purchase the right stock for their business.
By selecting the right vehicles, dealers can reduce the time it takes to sell and boost profits. They can also track market demand and pricing trends to quickly identify underperforming stock. Acting on this information allows dealers to minimise losses and optimise operations.
In addition, having a comprehensive market overview enables dealers to compare their pricing against competitors and recently sold vehicles. This insight helps dealerships remain competitive and improve margins on every sale.
Why should dealers trust Market Check?
Market Check is the go-to data source for the insurance sector and for the Financial Ombudsman Service when settling insurance claims disputes.
Today Market Check is used and relied upon by six of the top ten UK motor insurers and serves over fifty clients.
With ten years plus of vehicle advert history, Market Check is also unique in enabling dealers to get the full picture with the ability to interrogate prior performance. It’s this level of vigour and analysis that helps dealers feel safe they are building their pricing and business strategies around powerful, meaningful data.
How up-to-date is Market Check?
Market Check is based on cloud native technology that collates millions of data points on a daily basis and serves its customers in real-time, sub-second response times.
What is so unique about the data?
Market Check provides access to an agnostic, ‘whole-of-market’ view of vehicle valuations, as well as both current and historical vehicle data and adverts.
With a constantly growing database of over 1 billion listings, Market Check provides dealers with an extensive resource for in-depth market analysis and insights.
