AUTOMOTIVE data expert Cap HPI has launched its global business at the Paris Motor Show.
The company has built a European data set to support the first phase of its growth plans and will underpin its insight and data services with a new global coding system. It plans further global expansion in the coming months.
The move follows a raft of appointments to strengthen its industry insight team led by Adrian Rushmore, pictured above at the Paris Motor Show, who moved to an international operations director role.
Rushmore said: ‘Our global operations will have technology at the centre of all data activities, from collection and processing, through to delivery and the development of new applications.
‘We have created a global hub in the UK to ensure our systems, coding, data collection processes and valuation methodologies are consistent, scalable and repeatable for every country that Cap HPI enters in the coming years.’
The company’s plans are underpinned by a globalised approach to automotive data that will have far-reaching implications for the motor industry. The new code will enable businesses to take a unified view of global trends, and see efficiencies across all operations that use new and used vehicle data.
Matt Thompson, marketing director of Cap HPI, said: ‘We believe a single global code will help the industry drive innovation and growth throughout the vehicle lifecycle. Data-led businesses will be able to scale internationally in a fraction of the time and with much less cost.’
The new code is numeric-based and will provide a future-proofed platform that enables a wide range of technology-based solutions. It will allow far greater levels of detail and accuracy when describing a model, chassis and powertrain variants.
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