Solera Increases Vehicle Data Coverage in China to Over 95 Percent
WESTLAKE, Texas, March 9, 2017/PRNewswire/ Solera Holdings, Inc., ("Solera") a global leader in data and software for automotive, home ownership and digital identity management, today announced that it has more than doubled its import and export vehicle data coverage from 45 percent to over 95 percent of all cars on Chinese roads. Solera's comprehensive profile of more than 166 million vehicles in China marks an unprecedented milestone in the aggregation and normalization of automotive data for the largest car market in the world.
The expanded scope of Solera's database of Chinese vehicles now includes:
- Over 100 unique car manufacturers;
- Over 1,000 vehicle models and 9,000 sub-models;
- Over 150,000 vehicle option configurations;
- 1.5 million unique inventory parts; and
- 800,000 unique vehicle parts graphics.
The increased coverage also enables the accelerated proliferation of Solera's expansive products and services for automotive lifecycle management throughout China.
Solera first introduced its global data capabilities in the Chinese market when it constructed the Solera Data Development Center in Beijing in 2008. In December 2015, Solera expanded its investment by opening CESVICHINA, China's first automotive insurance research center concentrated on driving technology-focused innovation to advance the country's automotive insurance infrastructure.
"Since entering the Chinese market, we have been on a mission to facilitate mutually-beneficial partnerships among all vehicle industry participants while leveraging Solera's global expertise in innovative data and software systems," said Tony Aquila, the founder, Chairman and CEO of Solera. "This substantial increase in aggregated data allows us to create smarter, safer and more advanced practices and standards for the Chinese automotive industry by driving knowledge and transparency across all 54 transactions in a vehicle's lifecycle."
Founded and continuously led by inventor and entrepreneur Tony Aquila, Solera is a global leader in digital technologies that manage and protect life's most important assets: our cars, homes and identities. Since its inception in 2005 as a garage-based startup, Solera has grown aggressively with over 40 acquisitions across its Risk Management Solutions, Service Maintenance & Repair, and Customer Retention Management platforms. The company's current product solutions include Audatex, Autodata, AutoPoint, CAP/HPI, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as the company's flagship Digital Garage application. Today, Solera processes over 240 million transactions annually for approximately 200,000 partners and customers in 80+ countries. Unified by a strong culture that values uncommon entrepreneurial thinking and continuous "do-it-different" innovation, Solera's global workforce of 6,000+ associates comes from diverse forward-thinking industries that include automotive technology, artificial intelligence, software development, data sciences, cybersecurity, cognitive design, and digital identity protection. Solera went public on the NYSE in 2007 under the stock symbol "SLH", joined the S&P 400 in 2009, and went private in 2016 in a $6.5 billion transaction backed by leading investors that include Vista Equity Partners, Koch Industries and Goldman Sachs. For more information, please visit www.solera.com, fb.com/solerainnovation, or @soleraworks on Instagram and Twitter.