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Earnix announces analytical solutions for improving off-lease vehicle profitability
The Lease Remarketing and Asset Disposal solution set will be unveiled at the CBA LIVE 2016 Conference
Westport, CT, March 7, 2016 – Earnix, a leading provider of integrated customer analytics solutions for financial services, today announced that at the CBA LIVE 2016 conference it will unveil its analytical solutions dedicated to off-lease vehicle remarketing and asset disposal optimization. CBA Live conference will be held this week in Phoenix, AZ.
Using highly-effective analytics solution, Earnix helps U.S. auto finance lenders determine the right timing, pricing and channel to dispose of returned leased vehicles. This solution is generating interest in light of the major surge in off-lease vehicles that is headed to the U.S. vehicle market.
This is an important component of the Earnix Auto Finance analytical solutions that were released at the end of 2015. Earnix Auto Finance analytical solutions increase car manufacturers and lenders market share and profitability by optimizing auto finance products, distribution, pricing, rebates and incentives.
“During the next few years, the off-lease vehicle inventory in the U.S. used car market is expected to increase tremendously and as a result the market will experience a reduction in used-vehicle prices,” said Mr. Aviv Cohen, VP Marketing at Earnix. “Lenders will have to work smarter to guard their profits in their leasing portfolios. Being able to optimize performance of asset remarketing and disposal strategies will be a crucial first step in maintaining a competitive edge in this environment.”
Earnix integrated customer analytics software empowers financial services companies to achieve optimal business performance through data science and predictive analytics. The Earnix analytical solutions drive superior product, pricing and marketing decisions, while ensuring alignment with changing market dynamics. Earnix combines predictive modeling and optimization with real-time connectivity to core operational systems, bringing the power of analytic-driven decisions to every customer interaction. For more information visit www.earnix.com
Aviv Cohen, VP Marketing