Fleet News

Marketwatch: BVRLA defends new residual value database

THE British Vehicle Rental and Leasing Association has denied that its recently launched residual value database has been set up as competition to the price guides.

Called Fleet Disposal Values (FDV), the BVRLA’s new database allows users to access details, prices and trends of thousands of defleeted vehicles submitted by BVRLA members.

The data is concerned with actual disposal values rather than forecast residuals and director general John Lewis claims this is what sets it apart from the guides.

He said: ‘FDV is not intended as competition to either of the existing guides. The data will currently only be available to contributing members, for whom it will form a constantly updated and aggregated listing of actual values without any interpretation. It’s real data from real disposals.

‘Not only can you look at the obvious choices of make, model and derivative by year and by mileage but you can also examine by disposal channel and a raft of other detail such as colour and extras. In the interests of total transparency and accuracy, if you hover the cursor over any number in the tables, a window opens to show the number of vehicles that lie behind that figure.

‘This is a project that was demanded by the industry. It was originally a concept at our Leasing Forum in December 2003 and we have delivered it on time, on budget and to specification.’

FDV is powered by Deltapoint Associates, the same organisation responsible for supporting the BVRLA’s Industry Residual Value Survey (IRVS).

Fleet Disposal Values is available to members now. Contact Nora Leggett on 01494 545713 or email nora@bvrla.co.uk

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