Fleet News

Jato and Sofico launch WLTP data feed for leasing industry

Jato Dynamics has partnered with Sofico to provide leasing companies with accurate WLTP data that can be passed on to fleet customers.

Every version of a new car sold from January 1,  2021,  will have a unique WLTP value. Any changes, such as adding optional equipment, could influence the WLTP value making it difficult for leasing companies to provide accurate information.

To tackle these challenges JATO Dynamics has developed JATO WLTP Link, which acts as a central access point for the retrieval of fuel consumption and CO2 emissions figures while taking into account any other updates such as optional add-ons and new emissions data.

Leasing software provider Sofico has developed a real-time integration for its customers – sourcing this data from JATO and enabling leasing companies to continue with business as usual, suppressing the complexities brought about by WLTP.

Olivier Peijs, head of European sales leasing at JATO Dynamics, said: “WLTP has always been a very complex matter and it comes as no surprise that the industry has found it difficult to implement WLTP solutions.

“But the retrieval of real-time WLTP data from OEMs is now crucial for all automotive players. In particular, leasing service providers (LSPs) who face customers with tight budgets and strict fleet policies. Without the correct WLTP values, LSPs may suffer from unforeseen vehicle costs such as registration or road tax - with the damaging potential to make models non-compliant with their customers’ car policies.”

WLTP calculations are particularly difficult for LSPs as manufacturers provide WLTP data in varying formats, meaning LSPs must translate this set of data into one common format. Not only this, but if data is missing or outdated, they are forced to acquire it themselves - putting strain on resources, infrastructure, technology, and staff members.

Jordy Plaetinck, subject matter expert at Sofico, added:” Effectively implementing real time data remains a very complex matter, however, all parties involved - JATO, Sofico and OEMs alike - are making significant efforts to increase performance by consistently compiling and unifying the real time data. While future evolutions in vehicle type approval with regard to pollutants emissions may require further amendments, we now made it possible for our customers to obtain exact, up-to-date CO2 emissions and fuel efficiency data as needed.”


Click here for fleet funding best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login  /  Register

Comments

No comments have been made yet.