The UK’s largest provider of vehicle provenance checks has announced a significant expansion of its data. Cap hpi has teamed up with integrated vehicle recycling company SYNETIQ to receive information on salvage total loss vehicles.
The move comes as cap hpi also integrates data from Audatex, a global risk and asset management data provider. Audatex data supports over 2 million vehicle assessments annually and 85% of UK insurance claims.
The data will give users of HPI Check an enhanced vehicle search with greater transparency, including a history of incidents and total loss.
SYNETIQ, an IAA company, is a large player in the salvage market and is committed to raising standards of transparency across the industry. The data agreement with cap hpi will ensure that vehicle provenance checks give a fuller picture of a vehicle’s history. SYNETIQ will provide contextual information for vehicles passing through its facilities.
Tom Rumboll, UK managing director for IAA and CEO of SYNETIQ, said: “We continue to invest in pushing standards forward across the industry, and our new data agreement with cap hpi will help to keep consumers and the supply chain informed about the vehicles they buy. Everyone in the industry must play their part to increase transparency and raise standards.”
SYNETIQ is one of the UK’s leading vehicle salvage, dismantling and recycling companies. It works with businesses to maximise every vehicle’s environmental and financial value.
HPI pioneered the vehicle check back in 1938, and the HPI Check has developed to become a household name by providing a fully comprehensive vehicle check and report that provides drivers and businesses with all the vital information about the car they want to buy, protecting them from motoring scams and fraud.
HPI Check is available for cars, motorcycles, vans, HGVs, and motorhomes. The company’s data shows one in three cars has a hidden history or still has outstanding finance.
Commenting on the move, Jon Clay, identification director at cap hpi, said: “The data agreement with SYNETIQ and the additional integration of Audatex data, is part of our ongoing journey to enhance the HPI Check. As technology and data advance, we are able to connect parts of the industry to increase transparency across the sector. We can layer information to provide a richer picture of every vehicle.
“The team at cap hpi continues to work with stakeholders, including the police and industry bodies, to help keep motorists and businesses safe. It’s important to our customers that our data is collected ethically and is reliable, and that’s why we are pleased to team up with SYNETIQ on this important milestone.”
HPI supports buyers by investigating insurance markets to ensure they are accurate. Using the company’s well-established relationships across the industry, the investigations regularly identify cloned vehicles and other issues.
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cap hpi operates as part of Solera Holdings, Inc.
Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions, and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a “one-stop shop” solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 280,000 global customers and partners in 120+ countries. For more information, visit www.solera.com.
About SYNETIQ:
SYNETIQ Ltd, the UK-based business unit of IAA Holdings, LLC (IAA), an RB Global, Inc. company, is the leading integrated salvage, dismantling and vehicle recycling company in the UK, formed to become the most innovative and trusted business in the industry. An integrated, data-driven and innovative business, SYNETIQ has led the way in raising industry standards and continually innovates ways of working to deliver great value, ensure complete compliance and provide a positive experience. SYNETIQ is proud to have major household names in its portfolio, including insurers, accident management companies, fleets, police forces, logistics companies, vehicle repair body shops, and remanufacturers. With cutting-edge data and software solutions, multiple sites, a specialist vehicle recovery fleet and over 800 dedicated UK-based employees, customers and clients trust SYNETIQ to create bespoke solutions to deliver the maximum benefit for their business. For more information about SYNETIQ, visit SYNETIQ.co.uk.