AutoGrab, a leading Australian automotive intelligence platform, has announced its new partnership with the Commonwealth Bank of Australia (CommBank), to assist consumers navigate Australia’s very competitive car buying market.
And AutoGab is adding a bit of AI to help simplify the car buying process – which typically takes customers around three months on average to navigate.
The initiative leverages AutoGrab’s dealer-grade data and AI-driven comparison tools, previously used by the automotive industry, to empower everyday buyers.
Australian motorists have greater choices than ever with more than 60 automotive brands and more than 400 models available locally consumers.
To assist, AutoGrab has joined forces with CommBank, bringing cars data and motor sales trends intelligence developed for dealers to everyday buyers via the Cars for CommBank platform.
“AutoGrab is proud to team up with CommBank, Australia’s largest bank,” chief commercial officer of AutoGrab, Saxon Odger, said.
“Australians want clarity and trusted information when making one of life’s biggest financial decisions. By bringing dealer-grade data and AI-assisted comparison tools to consumers, we’re helping them navigate an increasingly complex market with confidence.
“AutoGrab is also excited to embed our market leading AI tool into the CommBank digital ecosystem. Our technology marks a leap forward by equipping CommBank customers with intelligent, conversational tools that turn data into informed action for automotive decision making.”
The move also significantly expands the inventory of new and used cars customers can research and buy with more than 20,000 dealer vehicles available on the platform.
Customers can now access side-by-side comparisons, pricing trends, trade-in estimates, and insights into factors such as mileage, fuel efficiency, and resale value – all via the CommBank website.
CommBank customers can access the car buying service via the CommBank app or NetBank. It will allow them to search for their next vehicle with the option to gain conditional approval for personal and business finance, and filter by options in their budget with loan repayment amounts displayed during the search.
“Buying a car is one of the biggest costs people face, and many find the process overwhelming. Cars for CommBank brings together data, AI, and finance options in one place – giving customers choice and confidence in a simple, easy to use experience,” executive general manager of consumer finance at CommBank, Joel Larsen, said.
Axel, the virtual car assistant, can be accessed to make car buying decisions faster, easier and more informed.
To visit the platform click here.