Indicate UK has launched a new tool for dealers to help them value the options and equipment fitted in cars more accurately.
It said the new equipment and options functionality on its car insights portal will help dealers improve the accuracy of their part exchange valuations and appropriately price their stock to be competitive.
“Generally, the higher value the car, the more optional equipment it is likely to have fitted on it which means if the dealer appraisal is inaccurate, they risk undervaluing the part-exchange and compromising a Best Used Car Sites to Buy and Sell.
Indicata UK has dispatched another apparatus for sellers to help them esteem the choices and gear fitted in vehicles all the more precisely. It said the new hardware and choices usefulness on its vehicle bits of knowledge entrance will assist vendors with working on the precision of their part trade valuations and suitably value their stock to be serious.
"By and large, the higher worth the vehicle, the more discretionary hardware it is probably going to have fitted on it which implies if the seller examination is mistaken, they hazard underestimating the part-trade and compromising a deal.
"On the other hand, if the seller underestimates the vehicle when selling it in the retail market it chances possibly losing a great many pounds.
“Alternatively, if the dealer undervalues the car during selling it in the retail market it risks potentially losing thousands of pounds.
“Today’s trend is for drivers to want to drive bespoke cars. Historically this trend only occurred on premium cars but now many good brands differentiate their models with infinite equipment options,” said sales director Jon Mitchell.
“This has made the valuation process even more difficult for dealers, which is where our new functionality takes used valuations to the next level. We are not working with averages but judging the value of each equipment level and option in the market in real-time,” he added