Fleet News

New version of AVS residual value forecasting system

ATD Solutions has launched a new version of its vehicle RV forecasting system, AVS, adding sophisticated modelling functionality for forecasting future values of both new and used vehicles under different market scenarios.

AVS provides vehicle finance companies, hire companies, retailers and fleet operators with a quick and easy way of bulk forecasting and re-forecasting vehicle values and comparing different scenarios. Users can define multiple adjustment factors to allow for variations in key valuation influencers such as economic and seasonal factors together with market trends for make, model, sector, fuel and body impacts etc. These can then be combined together to build different market scenario models and applied to produce multiple valuation forecasts from a single valuation process.

Fleet Hire is an early adopter of the new AVS release.

Chris Joyce, chief operating officer said: “As a business we always look to use the latest technology where it can help improve our processes and ultimately deliver increased value to our customers. We were impressed with AVS right from the start and this new release is a step forward again. We use it to provide a cross check and balance against the values going into our pricing systems and to regularly monitor the position with RV’s on our current fleet. It’s also very useful when looking at Sale and Leaseback opportunities. The system is very easy to use and ATD are a very straight forward and professional company to deal with.”

ATD Solutions director Ashley Clark added: “We have invested several man years working closely with major motor finance companies on the development of AVS and the feedback we get when anyone sees it is always positive. Now as a proven product with quality references we are able to offer AVS as a fully comprehensive yet cost effective solution to companies large or small.  As well as finance companies, AVS is suitable for use by any business with significant exposure to changing vehicle values, including vehicle rental companies, vehicle retail outlets and companies running their own sizeable fleets. Also, being data independent means AVS has potential to be used anywhere in the world where vehicle valuation data is published.”

AVS can use vehicle valuation data from any data provider, giving users the freedom to specify their preferred option, such as CAP, Glass’s or CDL VIPDATA in the UK, and providing scope for AVS to be used for revaluing fleets outside the UK.

Users can track valuation trends and, for example, monitor guaranteed resale and buyback values against the latest market data to project end-of-term equity or loss positions. Data can also be further analysed by such variables as vehicle make and model, dealer, region, industry sector etc.

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