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Glass's launches residual value forecasting tool

Glass’s has launched a forecasting tool for future residual values for the fleets, finance companies and vehicle manufacturers.

GlassForecast provides independent future valuations, linked to trade values.

Ian Tilbrook, managing director at Glass’s, said: “GlassForecast has been welcomed by the fleet and finance sectors as a really credible alternative to products already on the market, meaning that manufacturers, funders and fleet operators now have a choice in forecast benchmarking. We are continuously striving to develop new services that will help our customers, and this is certainly one that the market has been demanding.”

Dan Parnell, who Heads up Glass’s Fleet & Finance sector, said: “Only we can offer residual value forecasting backed by 80 years of automotive expertise.

"GlassForecast has drawn on our wealth of data, detailed analysis and decades of experience to come up with a way of offering customers truly reliable benchmarking - for us it’s about using our expertise and opinion to provide really valuable insight.”

GlassForecast (www.glassbusiness.co.uk/glassforecast) is available for used and new cars, and used and new light commercial vehicles.

It is accessible in multiple formats.

Subscription options available:

Forecasts for new cars: Future residual values for current production vehicles, forecasts up to a maximum of six years and 250,000 miles.

Forecasts in the first 1-12 month period are available in monthly increments and 6 monthly thereafter.

Forecasts for used cars: Future residual values for current and non-current production vehicles with a known registration date from 0-9 years old.

Maximum parameters are a forecast length of six years with a maximum asset age of 10 years and up to 250,000 miles.

Forecasts in the first 1-12 month period are available in monthly increments and six-monthly thereafter.

Forecasts for new LCVs: Future residual values for current production vehicles, forecasts up to a maximum of six years and 350,000 miles.

Forecasts in the first 1-12 month period are available in monthly increments and 6 monthly thereafter.

Forecasts for used LCVs: Future residual values for current and non-current production vehicles with a known registration date from 0-9 years old.

Maximum parameters are a forecast length of six years with a maximum asset age of 10 years and up to 350,000 miles.

Forecasts in the first 1-12 month period are available in monthly increments and 6 monthly thereafter.



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