New Autovista solution delivers real-time insights on European used car trends
Autovista Group is launching a new subscription service to provide indepth residual value data on Europe’s used car markets – including highlighting the impact of governments’ clean air policies.
Dubbed Residual Value Intelligence, the solution will offer aggregated analysis of the largest five European national markets in 14 segments, seven fuel types and across 38 automotive brands – said to be an industry first.
According to Autovista Group chief research officer Sarah Walkley, the solution “has the potential to transform customer workflow by allowing teams of RV managers, fleet managers and leasing risk managers, as well as C-level 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”.
Expert data analysis will put significant fluctuations in any of the major market indicators into context, so that customers can quickly understand the underlying reasons.
This will enable fleet users to understand the impact of governments’ clean air policies and diesel driving bans on their RVs and to assess how to change the model mix, as emissions regulation and increased electrification shape market demand.
The solution will also bring wider automotive industry benefits, including benchmarking their competitive position, tracking shifts in their own and direct competitors’ RV performance and share of the used car market allowing them to enhance their competitive advantage.
Users will also be able to evaluate the impact of planned strategic moves and new model launches, allowing them to build more robust business cases.
The solution will also facilitate cross-border comparisons.
“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,” explained Magnus Lövsund, director of valuation and insights at Autovista Group.