Product Overview
CAP offers a powerful suite of risk management and business decision aids for the Contract Hire sector, many of which have become recognised as the industry standard.
Data and applications are available which enable benchmarking of vehicle disposal values, forecasting residual values, analysing residual value performance and populating quotation systems with essential pricing and technical information.
CAP also offers an innovative application automating the quotation process and reducing the risk of errors and mitigating the costs associated with staff intervention
CAPcalc Reforecaster
Monitor
Current Valuation Guides
SMR - Service Maintenance and Repair
New Vehicle Data
Trend Analyser v2
Environmental Fleet Manager
CAP Quote
CAPcalc Reforecaster
The task of fleet revaluation was revolutionised with the launch of CAPcalc Reforecaster. Performing full revaluation in minutes CAPcalc Reforecaster offers the reassurance of using industry benchmark data for forecast residual values from CAP Monitor and current and historical disposal prices from Black Book but with the flexibility of allowing for user-definable adjustments and assumptions to suit individual users.
Current and historic valuations for cars and light commercials going back to year 2000 enable historic performance comparisons while future values are provided for cars and vans up to seven years old between five and 200,000 miles. While the core value of CAPcalc Reforecaster lies in the proven integrity of its industry-standard Monitor and Black Book data, numerous features add value to fleet operators. For example, even average remarketing costs can be defined and applied, clarifying the true picture for a genuinely usable reval solution.
Monitor
The Monitor range of vehicle forecast tools covers cars, light and heavy commercial vehicles and motorcycles. CAP Monitor is the industry benchmark residual values forecasting tool of choice used by most of the top 50 UK contract hire and leasing businesses. Covering more than 6,000 car models available new, Monitor achieves industry-leading accuracy through a combination of expert personnel, robust processes and rigorous quality control. Linked closely with CAP Black Book, the industry standard guide to current used car values, and CAP New Vehicle Data, Monitor’s forecasts are used wherever clarity is needed to understand future residual value risk on cars, light and heavy commercial vehicles.
The Monitor process involves physical inspection and testing of newly-launched vehicles, analysis of historical brand and, where applicable, outgoing model performance. Close consultation with manufacturers and top flight operators in the contract hire and leasing sector ensures the clearest possible understanding of a vehicle’s positioning in the marketplace, including the planned model mix and expected supply levels. Ongoing quality control is ensured by close liaison between the forecast and current used values teams at CAP, together with ongoing professional feedback from a wide range of external sources. Monitor forecasts are constantly reviewed to take account of changes in market circumstances or conditions to ensure ongoing consistency and reliability throughout a vehicle’s lifecycle.
Current Valuation Guides
Black Book for cars and Red Book for commercial vehicles are the industry standard current valuation tools, used as a benchmark for used vehicle pricing in fleet disposal operations. They feature the most comprehensive vehicle model coverage, with Black Book alone featuring almost five million core valuations backed by a robust research process that includes sampling more than a million actual used vehicle transactions a year.
SMR - Service, Maintenance and Repair
As the setting of lease rates becomes increasingly challenging it is essential to understand not only depreciation but other ownership costs. Designed for use in conjunction with the Monitor forecasting tool, SMR reveals the service, maintenance and repair costs for the bulk of new cars and light commercial vehicles on the road today. SMR offers the key components of day to day running costs such as servicing, tyres, brakes and other elements, based on researched average discount rates and variations in franchise. When combined with Monitor, SMR offers the most comprehensive view currently available of future running costs.
New Vehicle Data
Accurate, reliable and timely vehicle information is essential for winning business fast in the contract hire sector. CAP New Vehicle Data is the unrivalled source of technical and specification information for leasing specialists. Updated daily, CAP NVD brings customers around 30,000 new items of information on cars, plus a further 7,000 pieces of new van data every week. The live database continually reflects changes in new vehicle pricing, new model introductions, discontinued models and changes to options, option combinations, standard equipment, colour and trim. CAP NVD is also proven to be the most up to date information source of its kind, with industry-leading low error rates.
Trend Analyser v2
Ideal for fleets which need to understand the historic performance or future direction of their residual values. Trend Analyser v2 is a powerful tool for identifying the dynamics behind residual value movements and assisting in the choice of more economically effective vehicles. Powered by CAP’s market-leading Black and Red Book current values and Monitor future residual values data sets, Trend Analyser 2 is the most data-rich and configurable tool available for analysing used values, future residual values and new pricing trends. As well as processing vast quantities of data, quickly and easily, the system delivers graphical representations of market movements in a few seconds that would previously have taken analysts hours or days to produce. Residual value performance of individual or groups of vehicles can be tracked against the market and the impact of specific factors can be analysed, such as the impact of new models, facelifts, price increases or altering the diesel/petrol model mix within a range or a fleet.
Trend Analyser v2 enables users to feed in any additional numeric data they choose - such as economic statistics - to bring unprecedented clarity to residual values performance.
Environmental Fleet Manager
Fleets face growing financial penalties for their carbon emissions. Key to future success, therefore, is the ability to understand your existing carbon output and know which cars to choose for greatest carbon efficiency. As the UK government and the European Commission moves to penalise high carbon emissions, choosing more efficient vehicles will deliver competitive advantage over rivals which fail to address the issue.
Environmental Fleet Manager is a uniqueapplication revealing the carbon efficiency of fleets and offering more efficient vehicle choices to reduce financial risk. The vehicle comparison functionality enables operators to create ‘what if’ scenarios by comparing vehicle choices and identifying the most carbon-efficient cars and car-derived vans. Alternatively, the tool can also be used to assist in determining carbon offset costs.
CAP Quote
A UNIQUE web-based system designed to completely automate the vehicle quotation to order process for contract hire and leasing operators. ‘CAP Quote’ delivers a range of benefits ranging from greater cost efficiency to reduction of vehicle configuration errors thanks to CAP’s unique New Vehicle Data option relationships format, preventing the selection of incompatible features. CAP Quote is the result of CAP’s partnership with top flight systems developer Bynx. As a web application it removes the need for time-consuming and costly systems re-design and can be implemented in just a few days.
In the background ‘CAP Quote’ provides superior management/import tools for vehicle future values, service and maintenance budgets, manufacturer volume related bonus and dealer discounts and all associated costs and profit margins built into monthly rentals. All Customer specific terms are simply and quickly applied to CAPQuote. This means that the Contract Hire company’s New Customer contracts can go live immediately with quotations that fully reflect the customer’s bespoke agreements.
