Automotive data company Autovista Group has launched a new subscription service that aims to better inform fleets about residual values and prices.
The new service will allow fleets to track performance by segment, fuel type and brands with the firm claiming its tool will allow fleets to track and anticipate risks to their fleet mix or commercial opportunities.
A spokeswoman for Autovista could not reveal the prices fleets will pay each month, telling Company Car Today the information is commercially sensitive.
For instance, Autovista said fleets will be able to track how emission regulation changes and an increase in electrification will shape the market in coming years, while it added fleets can benchmark its own model mix’s performance against a competitor.
“Residual Value Intelligence is the first service to offer aggregated analysis of the largest 5 European national markets in 14 segments, 7 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 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. Our experts put significant fluctuations in any of the major market indicators into context, so that customers can quickly understand the underlying reasons.”
“Residual Value Intelligence tracks all the key performance indicators to provide users with a deeper insight into the numbers,” said Magnus Lövsund, director of valuation and insights at Autovista Group. “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.”