In the ever-evolving landscape of used vehicle valuations, MotorCheck stands out as a pioneering force. Our approach is rooted in the belief that the person best positioned to value a used car is the one buying it. This principle acknowledges the complexity and individuality of each valuation, influenced by a multitude of factors unique to the seller and their circumstances.
The Complexity of Used Car Valuations
Valuing a used vehicle is far from straightforward. It involves considering various elements such as the seller’s business profile—whether they are an independent garage, a used car supermarket, or a franchise dealer. Geographic location, local competition, business strategy, stock profile, and customer profile all play significant roles in determining a vehicle's value.
Each of these factors contributes to the unique environment in which a car is sold, meaning that a one-size-fits-all approach to valuation is often inadequate. This is where MotorCheck's comprehensive and nuanced approach comes into play.
The Expertise of Valuation Providers
The market is rich with valuation providers, each bringing their own expertise and methodologies to the table. Some utilise in-house depreciation curves informed by auction results and teams of experienced editors. Others focus on real-time market shifts to produce retail values based on current statistics.
At MotorCheck, we recognise the value in these varied approaches and believe in consolidating all available expertise to provide a holistic view. This philosophy allows the buying dealer to see the complete picture and make informed decisions backed by a wealth of expert opinions.
Collaborating with Market Leaders
To deliver on this vision, MotorCheck collaborates with four of the market's leading valuation providers: Auto Trader, Glass's Guide, Percayso, and Brego. Each of these providers offers distinct insights and data that, when combined, offer a comprehensive overview of the used car market.
Auto Trader: Known for its real-time market data and retail-driven values.
Glass's Guide: Renowned for its detailed depreciation curves and auction insights.
Percayso: A specialist in leveraging statistical models to capture market dynamics.
Brego: Focuses on in-depth analysis and market trends.
By integrating data and insights from these esteemed providers, MotorCheck ensures that dealers have access to a broad spectrum of valuation perspectives.
Continuous Benchmarking and Feedback
Our commitment to excellence doesn't stop at providing comprehensive data. At MotorCheck, we continually benchmark each provider against market conditions and produce reports that highlight their positions and performance.
This ongoing evaluation helps us maintain the highest standards of accuracy and reliability in our valuations.
We also value the feedback from our dealer network. Your insights and experiences with our valuation providers are crucial in helping us refine our offerings. We encourage you to share your feedback using the comments box below, ensuring that our service evolves to meet your needs better.