Automotive

Experience seamless transactions, competitive bidding, and a diverse inventory with our automotive auction platforms.

NovaFori empowers the automotive industry to embrace digital change

We build highly reliable and scalable marketplace and auction software to conduct multiple and simultaneous online auctions, providing both sellers and buyers with a transparent and efficient mechanism to transact cars.

Explore Auction & Trading Technology

Challenges / Opportunities

Inventory management

Balancing inventory levels and predicting demand for various vehicle models can be challenging, leading to overstocking or shortages.

Inventory management systems

Implementing digital inventory management systems can optimise inventory levels, reduce carrying costs, and improve forecasting accuracy.

Supply chain disruptions

Disruptions in the supply chain, such as shortages of key components or delays in production, can impact manufacturing schedules and delivery timelines.

Supply chain visibility platforms

Utilising supply chain visibility platforms powered by IoT technologies can enhance transparency and enable proactive risk management in the supply chain.

Legacy infrastructure

Legacy infrastructure and manufacturing processes hinder innovation and agility in responding to market demands.

Advanced manufacturing technology

Embracing advanced manufacturing technologies like additive manufacturing enhance flexibility, efficiency, and product customisation.

Shifting consumer preferences

Adapting to shifting consumer preferences, such as increased demand for electric vehicles or shared mobility solutions, can be challenging.

Marketplace data analytics

Leveraging data analytics can provide insights into shifting consumer preferences and market trends, guiding product development and marketing strategies.

Global competition

Intense competition from global automotive manufacturers, especially those in emerging markets with lower labor costs, can pressure profit margins.

Collaborative partnerships & alliances

This can help automotive manufacturers pool resources and expertise to address common challenges and stay competitive in the global market

Building digital auction platforms to scale your business

We understand automotive auctioneers, given our proven track record of building enterprise-scale auction and trading platforms.

Our digital marketplace and auction solution has already made a positive impact in Europe's used-car market, boosting liquidity across borders and jurisdictions, such as with CarNext. On the data science side, NovaFori deployed its recommendation engine to the CarNext B2B marketplace.

Read Case Study

We know we get the best price – the highest price wins – and the process is a transparent one. In my view electronic auctions are the way to go. They represent the future.