IHS Markit Launches New Solution for Automotive Aftermarket
Sep. 04, 2018
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sep 4, 2018--Business information provider IHS Markit (Nasdaq: INFO) today announced the launch of the Market Performance Analysis Tool, the newest part of the company’s WorldView aftermarket online solution. This addition will allow aftermarket companies to analyze unit and dollar volume by product line and compare actual transaction pricing against competition – over time and by geographic regions – utilizing the same WorldView online system currently used to analyze vehicles in operation (VIO), original equipment research and parts catalog coverage.
Nearly $2 billion in annual sales transaction data from WHI Solutions (an eBay company) is incorporated into this solution from its Nexpart e-commerce solution across the U.S. and Canada. Monthly sales data from more than 18,000 users is normalized to the auto care industry ACES & PIES standards, making it easy to link to IHS Markit data and providing the user with easily recognizable product and brand nomenclature.
Users can compare brand or product line movement for a given time period and geographic region against both the total units and dollars for that product line and/or a specific competitive set. Actual transaction prices are also included, allowing for competitive pricing analysis in order to make near real-time decisions based on what is happening in the marketplace. The database is updated monthly.
“This new offering fills a need in the marketplace to make decisions based on actual transactional sales data – specifically, a view of what is happening at the counter,” said Mark Seng, global aftermarket practice leader, IHS Markit. “It also provides the aftermarket with key performance and competitive pricing metrics to help them make more informed category management decisions for their business.”
The solution is available now. For additional details, or to schedule a demo of the solution, please visit this link.
About IHS Markit ( www.ihsmarkit.com )
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved.
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CONTACT: IHS Markit
Michelle Culver, +1 248-728-7496
KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE AUTOMOTIVE AFTERMARKET OTHER AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: IHS Markit
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