Cox Wins Porsche’s Remarketing Business

© Can Stock Photo Inc. / shippeePorsche Cars North America, Inc. (PCNA) will now use Cox Automotive’s Actuos Portfolio Management Solution from its RMS Automotive division, Cox announced today in a press release. Under the 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,” according to the release.

Actuos Vehicle Return, the first of the two modules that will now be utilized by PCNA, “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.”

The company will also use Actuos Vehicle Remarketing, which “provides single-tool direction of the wholesale vehicle disposition process in all channels with end-to-end workflow.”  Vehicle Remarketing also 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, according to the release.

“The partnership with RMS Automotive allows us to take our upstream program to the next level,” Jim Kuna, manager, vehicle remarketing for Porsche Cars North America, Inc., said in the release.  “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.”

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