{"id":11521,"date":"2023-02-01T11:05:33","date_gmt":"2023-02-01T10:05:33","guid":{"rendered":"https:\/\/info.openlane.eu\/?post_type=media-centre&#038;p=11521"},"modified":"2024-12-02T08:58:31","modified_gmt":"2024-12-02T07:58:31","slug":"simplifying-car-remarketing-through-ai","status":"publish","type":"media-centre","link":"https:\/\/info.openlane.eu\/en\/company-information\/media-centre\/press-release\/simplifying-car-remarketing-through-ai\/","title":{"rendered":"Simplifying car remarketing through AI"},"content":{"rendered":"<section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h1>Simplifying car remarketing through AI<\/h1>\n<\/div><\/div><div class=\"w-separator size_custom\" style=\"height:1rem\"><\/div><time class=\"w-post-elm post_date us_custom_d8432ea1 has_text_color entry-date published\" datetime=\"2023-02-01T11:05:33+01:00\" itemprop=\"datePublished\"><i class=\"far fa-clock\"><\/i>01 Feb 2023<\/time><\/div><\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p><strong>ADESA Europe is one of the leading online car auction companies in Europe, with over 74,000 vehicles sold annually. That\u2019s more than 200 cars sold every day, each with detailed descriptions and data. Every auction generates more data, such as who purchased what when, every bid made, and the sales price that spelled success for both the buyer and seller. Why is this interesting? Because data is not just information\u2014it\u2019s opportunities.<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>In an interview for Fleet Europe\u2019s quarterly e-book, ADESA Europe\u2019s CEO Johan Meyssen let the world in on ADESA\u2019s essential tool for revolutionising and simplifying the car remarketing process: artificial intelligence (AI).<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"g-cols wpb_row us_custom_60a0df3f via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><blockquote>\n<p>Our AI technology, developed in-house, has meant the power of our data can be unlocked and harnessed. We can use all the information we have on cars, the current market and our customers to better serve our clients, allowing them to focus their time and energy elsewhere.<\/p>\n<\/blockquote>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column us_custom_f2cb0b08\"><div class=\"wpb_wrapper\"><p>Johan Meyssen<\/p>\n<\/div><\/div><div class=\"wpb_text_column us_custom_249301a9 has_text_color\"><div class=\"wpb_wrapper\"><p>CEO, ADESA Europe<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>ADESA\u2019s advanced algorithms provide targeted recommendations that help buyers find the vehicles they need. They also offer price guidance, aiding buyers as they navigate the bidding process and letting sellers know the prices they can expect for particular vehicles. Image recognition algorithms are used to sort car pictures and select those that best attract and inform buyers. And AI plays a role in ADESA\u2019s standardised and automated inspection and listing processes, minimising human error and speeding up sales for all parties.<\/p>\n<p>Through increased automation and efficiency, ADESA\u2019s AI solutions help enable smoother and simpler online auctions. Whether buying or selling, our clients only deal with us\u2014no superfluous middlemen or avoidable headaches. And with more AI advantages in the works, such as damage recognition solutions, ADESA is building an even more satisfying online auction platform for car traders.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2>About ADESA Europe<\/h2>\n<p>ADESA Europe NV, based in Belgium, is a business unit of global vehicle remarketing and technology solutions provider KAR Global (NYSE: KAR). With sales operations in Belgium, France, Germany, Italy, the Netherlands and Spain, ADESA Europe seamlessly connects OEMs, fleet owners, wholesalers and dealers with buyers in more than 50 countries across Europe through its robust online wholesale vehicle auction marketplace, <span><a href=\"https:\/\/www.adesa.eu\/en\/home\">www.adesa.eu<\/a><\/span><span>.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"g-cols wpb_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2>About KAR Global<\/h2>\n<p>KAR Auction Services, Inc. d\/b\/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global\u2019s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, Uruguay, Europe and the Philippines. For more information and the latest KAR Global news, go to <a href=\"http:\/\/www.karglobal.com\">http:\/\/www.karglobal.com<\/a> and follow us on Twitter <a href=\"https:\/\/twitter.com\/karspeaks\">@KARspeaks<\/a>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>ADESA Europe is one of the leading online car auction companies in Europe, with over 74,000 vehicles sold annually. That\u2019s more than 200 cars sold every day, each with detailed descriptions and data. Every auction generates more data, such as who purchased what when, every bid made, and the sales price that spelled success for both the buyer and seller. Why is this interesting? Because data is not just information\u2014it\u2019s opportunities.<\/p>\n","protected":false},"author":1,"featured_media":39509,"template":"","meta":{"_acf_changed":false,"footnotes":""},"media-centre-category":[188],"class_list":["post-11521","media-centre","type-media-centre","status-publish","has-post-thumbnail","hentry","media-centre-category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Simplifying car remarketing through AI | OPENLANE<\/title>\n<meta name=\"description\" content=\"ADESA Europe is one of the leading online car auction companies. Every auction generates more data. 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