The technology will deliver market insight and analytics, and support Volvo Cars’ continued growth through better understanding of its used market position.

Indicata will provide Volvo Cars a solution to improve profitability in used vehicle operations and protect residual values. The real-time solution collects, processes and analyses live used car market data to provide insights on market dynamics including demand, supply, pricing, inventories, etc.

The web based platform monitors all used cars currently for sale in a market by gathering data automatically in real-time from classified websites, OEM websites, dealer websites, used car retailer websites, etc.

Jörg Höhner, global managing director Indicata for Autorola Group, said: "We are genuinely excited to be working with Volvo Cars to provide their corporate, NSC and dealer users with an intuitive analysis and reporting application. By offering Indicata’s web-based technology platform, Volvo Cars is able to leverage our comprehensive solution to streamline its used vehicle operations and enable a focus on market dynamics and performance improvements.”

The system will be initially rolled out across the Volvo Cars’ dealer network in key markets. During 2016, it will be launched in further European markets including Germany, UK and France and in various markets globally including Brazil Mexico, US, Russia, China, the Middle East, Australia and India.