Adding new Valuations for Vans
We’re excited to introduce additional valuations for Vans in Portal and Autotrader Connect. Trade, part exchange, condition adjusted and “no VAT” valuations will be available, empowering retailers with all the information they need to maximise margins when buying and selling vans.
These updates come as part of our continuous work to enhance Autotrader Valuations and improve the experience for all partners. The addition of trade and part exchange valuations means retailers will be able to take advantage Autotrader’s Valuations data in your systems to make more informed decisions when purchasing vans for their forecourt either through wholesale or when handling part exchanges from customers. Meanwhile condition adjusted and “no VAT” valuations make it even easier for retailers to price vans accurately and with confidence.
“No VAT” Valuations
From w/c 4th August we will be adding more accurate valuations for vans with “no VAT” status. Until now van valuations where not adjusted for VAT status which sometimes meant that vans with no VAT to pay would typically look over-priced based on an ex VAT valuation, this update will mean that “No VAT” vans will be more accurately valued and the price position will be in line with what a retailer would expect to see.
Here is an example of how we surface this information in Portal:
Trade Valuations
Trade valuations consider the make, model, derivative, year, plate and mileage, and a good condition based on the age of the van. They are calculated from the prices achieved in trade transactions and the margins seen for vans at retail. Helping retailers to determine the price they should pay at trade.
The trade valuation will be shown when a VRM lookup is performed in your system, and will be exclusive of any VAT, the same as retail valuations.
Here is an example of how we surface this in Portal:
Part exchange valuations
Part exchange valuations provide a guide of what a retailer might expect to offer a consumer to trade-in their vehicle. These are calculated to track below trade valuations for vans to ensure retailers can retain margin when bringing in a vehicle and choosing to remarket or dispose to wholesale. These valuations consider the same factors as a retail & trade valuations to ensure an accurate valuation is provided.
Both trade and part exchange valuations can be trended over time with Trended valuations, helping retailers to get a view of historical pricing volatility and potential future values whether buying at wholesale or handling a part exchange.
Here is a view of how we currently surface part exchange valuations to retailers in Portal via Retail Check, retailers can toggle between Retail & Part Ex in one view:
Top tip: You may also want to add the ability for your retailers to surface a “Customer view” for a part exchange valuation that displays less details and focuses on the valuation itself. This can be offered as a printable version that they can give to a customer with the option to show a historic and/or future trend for the vehicle.
Here’s an example of how this looks in Portal:
Condition-adjusted valuations
Retailers using van trade and part exchange valuations via Autotrader Connect, have the additional capability to adjust these valuations for condition, using Autotrader Valuations condition ratings ranging from Excellent to Poor. By adjusting for condition, retailers can get more precise valuations that reflect the conditions of each van they’re looking to buy and sell, further helping them to source, price and dispose of vans profitably.
Please note: Condition adjustment may create a step change in the valuations when viewing them trended over time.This change can be up or down depending on the age of the van and is an expected result of the valuation being more precise than before condition adjustment was available.
If you have any questions or would like support with your integration of Autotrader Valuations via Autotrader Connect, please contact us on: partner.support@autotrader.co.uk