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Used car valuation system is live

Glass’s has gone live with its new valuations system, G2, that it has developed to give greater accuracy and insight to customers.

The new system will combined more market data – more than 4m retail and 1.3m trade market observations each year – with better statistical analysis and a move to six valuations from the previous two, linked to three new condition grades.

Vik Barodia, director of product management and marketing, said: “The car market has changed beyond recognition in the last 10 years and this is precisely why we are launching G2. Our new valuations give us the means to provide customers with the tools to make more profit today and into the future.

“The process of developing G2 has involved extensive research and discussions with our customers and partners from every sector.

"They were overwhelmingly in favour of a move to condition grading based values, so now we’re giving our customers what they’ve asked for and meeting the needs of the industry.”

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