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Autovista Group revolutionises vehicle lifecycle management for fleets

Autovista Group revolutionises vehicle lifecycle management for fleets

Autovista Group, which claims to be the leader in pan-European automotive pricing, is revolutionising strategic vehicle lifecycle management and fleet planning with the launch of Residual Value Intelligence, a new subscription service that offers customers an in-depth and “highly accurate” view of pricing and residual values across the European automotive market, including the UK.

“Residual Value Intelligence is the first service to offer aggregated analysis of the largest five European national markets in 14 segments, seven fuel types and across 38 automotive brands,” said Sarah Walkley, chief research officer at Autovista Group.

“It has the potential to transform customer workflow by allowing teams of residual value 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.

“Our experts put significant fluctuations in any of the major market indicators into context, so that customers can quickly understand the underlying reasons.”

At the touch of a button, subscribers will be able to:
  • Identify fluctuations in residual values by segment and fuel type helping them to track and anticipate commercial opportunities, as well as risks to their fleet mix or model portfolio
  • Assess how to change the model mix, as emissions regulation and increased electrification shape market demand
  • Benchmark their competitive position, tracking shifts in their own and direct competitors’ residual value performance and share of the used car market allowing them to enhance their competitive advantage 
    Compare brand performance with wider market conditions, allowing them to spot areas of over- or underperformance and take timely action to profit from the opportunity or address areas of weakness
  • Compare brand performance with wider market conditions, allowing them to spot areas of over- or underperformance and take timely action to profit from the opportunity or address areas of weakness
  • Understand the impact of government’s clean air policies and diesel driving bans on their residual values
  • Evaluate the impact of planned strategic moves and new model launches, allowing them to build more robust business cases.

The platform offers a visual experience utilising Tableau and gives users the ability to interrogate trends using data dashboards to track performance across countries as well as by segment, fuel type and brands. It allows users to see all the key data at a glance on each dashboard as well as download graphs to include in presentations or share with colleagues.

Built on Autovista Group’s pricing and specification datasets, Residual Value Intelligence is claimed to ensure that the company’s customers will benefit from trusted valuations based on transparent methodology, trend analysis using a robust segmentation structure, and reliable fully-weighted averages which facilitate useful cross-border comparisons.

Magnus Lövsund, director of valuation and insights at Autovista Group, said: “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.”