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After rapidly growing its business in Australia over the past four years, automotive industry pricing platform AutoGrab has made a decisive move to expand its international footprint through a partnership with UK-based vehicle catalogue giant JATO.
While it established a presence in Malaysia earlier this year, AutoGrab is now targeting the UK as the company leverages JATO’s customer base to introduce its AI-driven platform to car buyers and sellers globally.
JATO, which operates in more than 50 countries, is a global automotive data company that provides market leading specification and options solutions for the industry. AutoGrab brings to the table a platform that offers real-time pricing and vehicle information insights.
The Melbourne-based AutoGrab, which was founded by Daniel Werzberger and Chris Gardner in 2020, provides a suite of products for the automotive industry that enable vehicle sourcing, market analysis, customer engagement and valuation services.
The AutoGrab platform captures and aggregates real-time, market-wide data on all vehicles listed online using an AI-driven machine learning model. This supports AutoGrab’s suite of tools offered to customers.
As well as providing a current value of the vehicle, the Software-as-a-Service (SaaS) business can also provide a prediction of future values and how prices might change over time.
Gardner, the AutoGrab CEO, says the partnership with JATO, a business that was established 40 years ago to provide the industry with information on competitor vehicles, their specifications and prices, is a “significant move” for the company’s continued expansion in Australia and its global aspirations.
“This collaboration expands our data capabilities, ensuring our users access more accurate and comprehensive vehicle information,” says Gardner.
“Leveraging JATO's extensive vehicle data, we are refining our valuation services for the market and deepening our insights for forecasting and analytics.
“This alliance significantly enhances our ability to provide customers with critical safety information, including details on ADAS systems, battery health, and emissions data.
“It also complements AutoGrab’s ongoing technological advancements, enabling us to offer advanced vehicle information, such as identifying specific features from a vehicle's VIN.”
Gardner says the partnership is “crucial in solidifying AutoGrab's position as a leading entity in the vehicle information sector”.
The partnership with JATO ties AutoGrab to the world’s leading supplier of automotive business intelligence.
“The combination of JATO’s specification and option solutions and AutoGrab’s pricing solutions will enhance our customer experience across several segments including OEM (original equipment manufacturer), digital and dealer,” says JATO’s global head of digital marketplaces Peadar Walsh.
“Our leasing customers will also benefit from having access to a future value platform, while our insurance customers can avail JATO’s rich ADAS specification combined with AutoGrab’s pre-accident valuation.
“We look forward to working with AutoGrab in the coming months and into the future as we continue to meet the needs of the broader global automotive industry.”
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