Indicata expands used car data solutions for fleets and OEMs
Indicata UK has enhanced it used car data services by introducing solutions dedicated to the fleet and OEM sectors.
Its new Portfolio Valuation service, tailored to large leasing and rental fleets, provides current values of used vehicles while also calculating what they will be worth at the end of their current contracts.
With used vehicle values changing regularly, the service delivers reliable data on a weekly, monthly and quarterly basis.
Neil Frost, Autorola UK’s managing director, said: “We have already found success with our Portfolio Valuation service across Europe with large leasing, rental and finance companies who use our data to support their vehicle portfolio valuations.
“We can power vehicle valuations from both a country and pan European perspective. Banks and big leasing companies tend to value their fleet assets quarterly while some rental customers value their fleets weekly such is the fast turnover of used vehicles in this sector.”
Car-To-Meet
Meanwhile, it’s Car-To-Market service is designed to support OEMs launch into a new market by helping them predict future used vehicle valuations.
The service identifies the features that are beneficial and detrimental to residual values and also analyses trends in local used markets to predict how values will change in the future.
Frost said: “A realistic assessment of the residual value performance of new models and facelifts is essential for a successful market launch and lifecycle. At the same time, Autorola’s Marketplace platform provides access to a substantial bank of wholesale data.
“This combination of retail and wholesale insights enable us to deliver a comprehensive view of the market and gives us a very strong differentiation in the UK market.”
