News

CAP’s valuation tool

Time 8:23 pm, March 9, 2011

car-makers-ringfencing-used-carsA NEW valuation tool offering real time short-term used car trade price forecasts has been launched by CAP.

Called Black Book+, the valuation tool reveals short term used car pricing risk by providing a one – three month forecast to assist traders buying or selling used cars.

CAP says dealers using Black Book+ will be reducing the risk of valuing cars for part-exchange before deals can be finally completed. It will be valuable with long lead times on new cars creating the risk of additional depreciation for the part-exchange vehicle.


Pilots have shown that the most recent one-month outturn revealed an average Black Book+ under-forecast of 0.8 per cent – or £14 per unit – at the three year/70,000 benchmark.

Black Book+ forecast valuations apply to vehicles over 12 months old, at mileage points from 1,000 to 250,000 miles and up to five years old. Forecasts are produced on a constant basis in real time, providing the most up to date intelligence possible, together with a brief narrative explanation of each forecast rationale.

CAP product development director, Anthony Doherty, said: ‘With Black Book+ we are answering our customers’ demand for more comprehensive used car valuation tools.


‘By introducing short term forecasts, published in real time instead of once a month, Black Book+ will help operators in car retail and fleet disposals to be more nimble and effective in maximising profit and residual values.’

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large from 2014 and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.



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