Auto Auction Services Corp. (AutoIMS) launched its new Sales Scorecard. The module, now available at no additional charge to AutoIMS consignor and auction clients, was developed in partnership with the International Automotive Remarketers Alliance (IARA).

The move is part of  a long-running project by IARA members to identify a common framework for remarketers to identify and use key metrics about their performance.

“This is a fantastic example of the power of the IARA and its Voice of the Consignor mantra,” said Joe Miller, AutoIMS vice president of client experience.

“The thoughtful process and input collected along the way gave us ultimate confidence that building this new module would create a rich value-add for our member auctions and consignors alike.”

The Sales Scorecard uses AutoIMS LiveReports technology to produce a new view of auction performance metrics. It includes conversion rates, average sale price achievement versus floor price and guidebook pricing, average mileage and model year of the sold vehicles, and cycle time benchmarks like days to sell and days to CR.

“AutoIMS users can now rate an individual auction’s performance or rank multiple auctions over any period of time,” said Robert Williams, AutoIMS chief technical officer “Familiar report filters like mileage, classification, frame damage, and several others allow the user to examine very specific segments of their portfolio as well.”