Improvements to Valuations for vans

We’re excited to introduce additional valuations for Vans in Portal and Autotrader Connect. Trade and part exchange valuations are now available and from w/c 4th August we will be adding valuations for vans with “No VAT” status, empowering you with all the information you need to maximise margins when buying and selling vans.

These updates come as part of our continuous work to enhance Autotrader Valuations and improve the experience for all Partners. The addition of trade, part exchange and “No VAT” valuations enables you to take advantage of Autotrader’s Valuations data to make informed decisions when purchasing and pricing vans for your forecourt or when handling part exchanges from customers.

*NEW* “No VAT” Valuations

From w/c 4th August we will be adding more accurate valuations for vans with “no VAT” status. Until now van valuations where not adjusted for VAT status which sometimes meant that Vans with no VAT would typically be more expensive than similar vehicles, this update will mean that “no VAT” will be more accurately valued and the price position will be in line with what you would expect to see.

Trade Valuations

Trade valuations consider the make, model, derivative, year, plate and mileage, and a good condition based on the age of the van. They are calculated from the prices achieved in trade transactions and the margins seen for vans at retail. Helping you to determine the price you should pay at trade.

The trade valuation will be shown when you look up a vehicle, and will be exclusive of any VAT, the same as retail valuations.

Here is an example of how this looks in Portal:

Part exchange valuations

Part exchange valuations provide a guide of what you might expect to offer a consumer to trade-in their vehicle. These are calculated to track below trade valuations for vans to ensure you can retain margin when bringing in a vehicle and choosing to remarket or dispose to wholesale. These valuations consider the same factors as retail & trade valuations to ensure an accurate valuation is provided.

Part exchange valuations can also be trended over time with Trended Valuations, helping you to get a view of historical pricing volatility and potential future values whether buying at wholesale or handling a part exchange.

See an example of how this looks in Portal:

Top tip:

Did you know you can access a “Customer view” when you Retail Check an out-of-stock vehicle. The customer view shows the part exchange valuation for the vehicle, with the option to show a historic and/or future trend and doesn’t include any sensitive details. This can be shown directly to a customer when negotiating a deal or offered as a printable version that you can give to the customer.

Here’s an example of how this looks in Portal:

Condition-adjusted valuations

If you’re using van trade and part exchange valuations via Autotrader Connect, you have the additional capability to adjust these valuations for condition, using Auto Trader Valuations condition ratings ranging from Excellent to Poor. By adjusting for condition, you can get more precise valuations that reflect the conditions of each van you’re looking to buy and sell, further helping you to source, price and dispose of vans profitably.

Please note, once these changes are live, you may notice a shift in trade valuations for vans due to them becoming condition adjusted. This shift can be up or down depending on the age of the van and is an expected result of the valuation being more precise than before condition adjustment was available.

For more information about accessing these valuations via Autotrader Connect please speak to your 3rd party technology partner.