Indicata UK has expanded its used vehicle data product range into the fleet and OEM sector with its new Portfolio Valuation and Car-to-Market services.

Neil Frost, Autorola UK’s managing director

The Portfolio Valuation solution supports large leasing/rental fleets and banks with current used values as well as calculating what their vehicles will be worth at the end of their individual contracts.

With used value trends changing on a regular basis, particularly EVs, it’s designed to provide large fleets with reliable used data to value their assets on a weekly, monthly or quarterly basis.

And the firm claims its ‘retail back’ valuation approach delivers more current and market-aligned values, offering greater transparency and accuracy than the traditional ‘trade-up’ method commonly used by UK suppliers.

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.”

Meanwhile, Indicata’s Car-To-Market service is designed to support new OEMs when they introduce new models into a country to help them predict future used vehicle valuations when compared with key established competitors.

But it can also help more established OEMs to shape future residual values when replacing an established existing model with a new one and launching a range of new electric models.

Powered by Indicata retail pricing data platform and supported by Autorola’s MarketPlace wholesale auction prices, it’s already said to have been deployed among the many Chinese manufacturers who are entering the UK market.

Indicata identifies characteristics that are beneficial and detrimental to residual values and then makes recommendations on how to optimise residual values.

A detailed study of current local used car markets, recent developments, STEEP (Social, Technological, Economic, Environmental, Political) factors and trends are utilised to better understand the future residual value curve creation.

OEMs can then share the data with leasing companies and banks to use when underwriting their own residual values – and the aim is to help make the monthly leasing rates of new models as competitive as possible.

“A realistic assessment of the RV performance of new models and facelifts is essential for a successful market launch and lifecycle. Users value that Indicata, as a dedicated business unit within Autorola Group, collects and analyses vast amounts of retail pricing data on a daily basis,” said Frost.

“At the same time, Autorola’s Marketplace platform provides access to a substantial bank of wholesale data from selling used vehicles via its wholesale auction platform. 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,” he added.