Product Overview
Because CAP used vehicle values are widely viewed as the industry standard, insurers are able to benchmark their risk in relation to total loss settlement costs with clarity and transparency.
An innovative application to manage the TLC process is also available, with proven positive impacts on time and costs.
Used Vehicle Valuation Data
Market Value Manager
Used Vehicle Valuation Data
CAP used valuation data for cars, vans, trucks and motorcycles is widely recognised as the most authoritative wheeled asset risk management benchmarking tool in the finance sector. From personal lenders to major fleet funders, the use of CAP valuation data ensures transparency of risk and better business decision making.
Black Book (Platinum) current used values for cars contains up to 5,429,664 valuations for 37,980 derivatives up to23 years old, with adjustments for plate, mileage and condition. Published values reflect research based on 1.1 Million pieces of annual real world transactional data, underpinned by interpretive expertise and rigorous quality assurance processes.
Red Book covers 13,624 light and 23,028 heavy commercial vehicle derivatives, including motor caravans and trailers. Research is underpinned by actual transactional data and robust analytical processes to ensure Red Book retains its integrity as the recognised industry benchmark guide to today’s used truck and van values.
Green Book is widely respected as the benchmark used values guide to motorcycle prices. Covering 3,315 motorcycles, mopeds and scooters Green Book is an essential risk management tool for any organisation exposed to risk on bike values.
Grey Book is the only current used values guide to grey imports - cars unofficially imported into the UK. Covering the 241 key models most commonly imported it is a useful companion to Black Book for those requiring benchmark values for all the key Japanese import vehicles currently traded in the UK.
Market Value Manager
A unique total loss claim management system designed to cut insurers’ costs while simultaneously enhancing their own customers’ experience. MVM is already delivering significant savings to motor insurers, along with dramatic reductions in settlement times.
MVM has revolutionised car valuations in the motor insurance industry by taking into account more factors than any other used vehicle pricing tool, such as vehicle colour, trim, optional equipment, previous usage history and original purchase point. MVM offers even more accurate used prices thanks to a ‘condition matrix’ that offers far more control over the valuation process than the standard clean, average and poor conditions. It is now possible to record assessments of bodywork, paintwork, interior trim, tyres and mechanical condition, with value adjustments made for every factor. Backed by detailed daily research, the MVM v2 condition matrix ensures car valuations are more closely representative of the vehicle in question, rather than a general guide. The facility to create bespoke valuations in this way makes MVM v2 uniquely accurate in a field which has previously had no commonly agreed benchmark values.
MVM settlement values are based on CAP used car values data - widely recognised throughout the automotive sector as the industry standard for current used values.
The power of MVM lies in its ability to improve opportunities for business retention by enhancing the customer experience, while saving on settlement and overhead costs.
