Developed with the pan-European
data capability offered by EurotaxGlass's, the
residual value forecasting methodology within
Glass's Forecast comprises a wide range of inputs
including:
- Patterns of depreciation over time of individual
models and market sectors
- Patterns of depreciation in relation to
a model's specific lifecycle
- Patterns of used car price inflation
- Levels of marketplace competition
- Exposure to rental business
- Trade sentiment
A comprehensive economic overview developed by LMC, and Glass's own industry
forecasts, are then applied to these variables.
Factors considered comprise:
- New car price movement
- Volume of new cars sold and predicted to
be sold in coming years
- Effect of new car volumes on used car values
- Likely movements of interest rates
- Expected level of economic activity