Residual Value Intelligence service launched
06 November 2018
Author: Sean Keywood
A new management tool from Autovista Group has been designed to give an in-depth insight into vehicle pricing and residual value.
Residual Value Intelligence is a subscription service, which offers analysis of the largest five European national markets, including the UK, across 14 segments, seven fuel types and 38 carmakers.
It will allow subscribers to spot changes in value, identifying opportunities and risks to their fleet mix.
It has also been designed to help assess changes to the market prompted by emissions regulations and increased electrification.
Users can view trends with data dashboards to track performance, see key data at a glance, and download graphs to include in presentations or share with colleagues.
Autovista chief research officer Sarah Walkley said: "It has the potential to transform customer workflow by allowing teams of residual value managers, fleet managers and leasing risk managers, as well as executives at OEMs and leasing companies, to instantly evaluate historical trends and shape future strategy on the basis of market leading, accurate data and reliable analysis.
"Our experts put significant fluctuations in any of the major market indicators into context, so that customers can quickly understand the underlying reasons."
Autovista director of valuation and insights Magnus Lovsund added: "Residual Value Intelligence tracks all the key performance indicators to provide users with a deeper insight into the numbers.
"It allows them to monitor current values across trade and retail, review different scenarios to improve strategic planning and provides 16 age/distance scenarios as standard.
"The launch of Residual Value Intelligence provides our customers with a game-changing new service that enables them to monitor the industry-changing trends playing out across Europe's used car markets in real time - safe in the knowledge that they are utilising the most accurate numbers in the industry - and ensuring that they manage risk effectively while maximising their revenues and profits."