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New vehicle forecast service

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.

The valuations can cover periods up to nine 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 service can be used to support compliance with Inland Revenue rules governing the car purchase and loan schemes (CPLS).

Dealer groups, vehicle manufacturers and importers use a CPLS as a tax-efficient means of providing company cars to employees. The Inland Revenue require that data from an independent third part be used to verify all future value forecasts.

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