Our research shows that fluctuations in used vehicle values have a direct effect on the velocity of new vehicle sales, rental vehicle depreciation and the profit margin of used vehicle sales. However, this effect only applies to a very specific group of used vehicles and most others have little to no effect on the metrics just mentioned. This realization created a challenge early on because most trusted sources for used vehicle values contain too much noise in their data. For this reason, we decided to create an index which includes a proprietary mix of years, makes, models and trim levels in order to extract the investment quality data needed for accurate projections. This indicator is updated on a weekly basis and is available in various formats.
Product sample from April 2019:
For a more detailed explanation of our product and it's potential applications, please watch the video below.