AUTOMOTIVE intelligence platform AutoGrab is partnering with the Commonwealth Bank and engaging AI to help simplify the car-buying process for customers.

AutoGrab said the partnership combines its own automotive data with AI-driven comparison tools, previously used by the automotive industry, to assist buyers.

It said Australian motorists face a myriad of choices of more than 60 automotive brands and more than 400 models, and those numbers are growing.The partnership of AutoGrab and the Commonwealth Bank of Australia (CommBank) brings car data and motor sales trends intelligence developed for dealers to buyers via the ‘Cars for CommBank’ platform.

The move also significantly expands the inventory of new and used cars that customers can research and buy with more than 20,000 dealer vehicles available on the platform.

It also introduces an AI-powered assistant to help customers “shop smarter”. The assistant can do anything from estimating trade-in values to understanding how mileage affects resale, calculating fuel efficiency or using insights to compare different car makes and models.

Through the website, customers can now access – via the app or NetBank – side-by-side comparisons, pricing trends, trade-in estimates, and insights into factors such as mileage, fuel efficiency, and resale value.

It will allow customers 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.

Saxon Odgers

AutoGrab’s chief commercial officer Saxon Odgers said car buyers wanted clarity and trusted information before selecting a vehicle.

“They want dealer-grade information, side-by-side comparisons and data they can trust,” he said.

“Dealer-grade data and AI-assisted comparison give Australians more control over a decision that’s high-stakes and high-cost, no matter their base knowledge of cars and the automotive market.”

“By giving consumers these tools, 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. 

Joel Larsen

“Our technology marks a leap forward by equipping CommBank customers with intelligent, conversational tools that turn data into informed action for automotive decision making.”

CommBank executive general manager of consumer finance, Joel Larsen, said many people find the car buying 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,” he said.“It’s one of the biggest decisions people make and one of the biggest costs, whether it’s financing the vehicle or paying ongoing expenses.

“There’s so much information out there, and it’s hard for people to work out what’s best for them and what sources are trustworthy.

“AI tools can help remove a lot of the guesswork for car buyers because it gives customers more power.

“We want to help make the process simpler, from browsing what’s available, applying for funding, if you need it, all conveniently via the CommBank website.”  

AutoGrab is an Australian-founded automotive intelligence platform that delivers data-driven solutions to a wide range of industry sectors, including dealerships, OEMs, insurers, financiers, and fleet operators. 

Since its inception, it has experienced rapid growth, expanding its footprint beyond Australia to the United Kingdom, Malaysia, and New Zealand.