Vincentric Announces Improved Market Price Data with Geographic Level Specificity
BINGHAM FARMS, MI – JULY 19, 2018 – Vincentric, LLC released an enhancement to its vehicle pricing data today with the addition of geographic level specificity to the Vincentric Market Price database. This enhanced product enables consumers, dealers, OEMs, and others within the auto industry to better understand pricing at a granular level for new and used vehicles across the US.
The Vincentric Market Price is calculated using a variety of factors including MSRP, invoice price, and listing price. This data is then benchmarked against geographically specific vehicle data to estimate the typical price paid per vehicle within a given geography, oftentimes at the ZIP Code level. Vehicle pricing is then segmented into Excellent, Good, Average, High, and Very High price ranges.
“Localized pricing data is most relevant for consumers and dealers at the point of sale,” said Vincentric President, David Wurster. “In addition, OEMs, finance companies, and others in the auto industry can perform more accurate analyses with this more detailed level data.”
The improved Market Price data also provides Vincentric customers who use its industry leading Total Cost of Ownership data to have more accurate, geographically sensitive results. The Vincentric Market Price data is refreshed and recalculated on a weekly basis to help ensure users always have the most up-to-date and accurate information.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Vincentric data is used by organizations including Cars.com, Mercedes-Benz, Toyota, NADA Guides, Business Fleet Magazine, Nissan, and many others as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.
248-430-4121 ext. 114
©2018 Vincentric, LLC, All Rights Reserved.