Used car grading system unveiled by CARA
A new pan-European used car grading system has been developed by the Car Remarketing Association of Europe (CARA).
It was announced at the most recent Vehicle Remarketing Association (VRA) members meeting.
Gavin Shone, head of operations at Openlane, said: “Our objective is to create a single grading language across continental Europe. The market is vast, so we need something that is plug-and-play, effective, and usable to encourage adoption as widely as possible.
“The solution we have finalised uses a transparent decision tree and algorithm to remove ambiguous inputs and ensure consistent outcomes. A rules-based approach based on facts enables full automation from standardised inspection inputs and delivers scalability across large inventories and multiple markets.
“Also, we have decided to use two separate grades for the vehicle’s interior and exterior in order to produce a comprehensive picture of the overall condition, rather than trying to arrive at a single grade that covers both.”
Fran Bleasdale, UK sales director, BCA, added: “It’s not just about having a consistent and well understood inspection and grading process, but also seeking to enrich the level of data and information we supply to our buyers. This enables them to make informed and confident buying decisions, which creates the best levels of performance for our vendors.”
