Improvements to our valuations in Compare

Great news! We are improving our valuations

We’re evolving our proven valuation methodology, bringing market-aligned insights that further support strategic planning. These changes are designed to optimise your products and ensure they continue to deliver the precision and reliability you expect.

WHAT IS CHANGING?

We’re excited to inform you about important updates to our vehicle valuation methodology for the Netherland market, specifically for Compare. These enhancements are designed to improve accuracy and better reflect current market conditions.

key enhancements include

1. Exact Mileage Calculations

We’re moving from average mileage calculations to exact mileage, ensuring valuations are directly tied to a vehicle’s actual usage, providing more precise results.

2. End of Mileage Corrections

Mileage correction factors will be withdrawn, as mileage will be fully integrated into the core valuation.

3. Improving our values

The automotive market continues to evolve, and so does the way vehicles are valued. It is more important than ever that valuation data reflects real market activity. To keep pace with this, we will improve our valuations to provide a truer picture of the market, helping you make more confident, data-driven decisions.

What is next?

You will receive reminders and guidance to help you prepare.

We recommend reviewing any internal processes that currently rely on these features and working to align them with the upcoming changes. This will help ensure a smooth transition when the new system is implemented.

FAQs

Trade valuations will continue to be based on robust market data and refined to provide accurate and reliable insights. This ensures dealers and traders have a dependable foundation for assessing vehicle values and making informed pricing decisions in today’s dynamic market.

Mileage corrections will be directly incorporated into our Trade and Retail values, making them fully data-driven. Instead of relying on fixed values for mileage corrections, adjustments will be based on real-time market observations.

As a result, there will no longer be a fixed “standard mileage,” and a value based on an average mileage will not be provided separately. Within our Live Retail data, we provide an observed average mileage powered by data-driven insights of vehicles currently on the market. Unlike static figures, this observed mileage dynamically reflects the latest market trends.

In the future, there will no longer be a fixed “standard mileage,” and it will no longer be displayed separately. Mileage corrections will be directly incorporated into our Trade and Retail values. Instead of using fixed values for mileage corrections, adjustments will be based on real-time market observations.

Within our Live Retail data, we provide an observed average mileage powered by data-driven insights of vehicles currently on the market. Unlike static figures, this observed mileage dynamically reflects the latest market trends.

We are committed to keeping you informed as we roll out these improvements. You will receive regular updates about specific product changes, ensuring you’re always up to date on key adjustments and new features. These updates will be sent to you over the course of the next several months. Rest assured, we’ll provide timely information on how these updates will impact your usage and experience with the product.

As we move forward, we’ll keep you informed with regular updates about the specific timelines for each stage of the rollout, so you can stay ahead of any changes affecting your product experience.

Help & Support

Need help? Please contact our Customer Experience team if you have any questions or require further assistance.

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