EurotaxGlass's has created a new service that generates residual value forecasts for new or recently registered cars. The Forecast Bureau Service can define the most profitable time to sell 'short-cycle' vehicles, such as demonstrators, daily rental vehicles and bodyshop courtesy cars.
The service can also identify the most cost-effective vehicles to be added to an employee company car list or a dealer's demonstrator fleet.
How will this new Forecast Bureau Service help your business?
- Proven accuracy and transparent methodology
from the publishers of Glass's Guide - the
market-leading source for used vehicle valuations.
- Easy to use and cost-effective way of obtaining
short term RV forecasts - no need for software
implementation.
- Obtain a value quickly - simply email your
request and get a response within 48 hours.
- The service can help you define when the
likely retail selling price of a car will
fall below the original net purchase price.
- This information can then be used to schedule
disposals more profitably, as well as identify
the most cost-effective vehicles that can
be added to an employee/demonstrator fleet.
- The valuations cover periods up to 9 months
after the date a request is made - reflecting
anticipated depreciation trends, seasonal
influences, odometer readings and (where required)
items of optional equipment included on the
chosen vehicle.
- Data produced by the Forecast Bureau Service
can be used to support compliance with Inland
Revenue rules governing the car purchase and
loan schemes (CPLS). Some dealer groups, vehicle
manufacturers and importers use a CPLS as
a tax-efficient means of providing company
cars to employees. The Inland Revenue ask
that data from an independent third party
be used to verify future value forecasts.
- The service is also particularly relevant
to companies running a daily rental operation,
a fleet of courtesy cars or other forms of
short-cycle business.
Information
Request
Press
Release
Forecast Bureau Service
