Indicata UK launches new RV data products for fleets and OEMs

Portfolio Valuation enables large fleets to value their current assets in real time
Car-To-Market builds a strategic picture for OEMs of a new model’s future residual values

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

Its Portfolio Valuation service supports large leasing and rental fleets and banks with current used values as well 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 provides large fleets with reliable used data to value their assets on a weekly, monthly or quarterly basis.

Indicata’s unique ‘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, Managing Director of Autorola UK (above), Indicata’s parent group commented:

“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,” he added.

Car-To-Market to provide data to new OEMs

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.

Powered by Indicata retail pricing data platform and supported by Autorola’s MarketPlace wholesale auction prices this service is already proving extremely valuable to the many Chinese manufacturers who are entering the UK market.

Indicata builds a very strategic picture of a new car’s future used values by identifying 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. The aim is to help make the monthly leasing rates of new models as competitive as possible. Car-To-Market has also helped 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.

“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.