Setting the right price for a used car can be the difference between profit and loss, whether you are buying, selling or assessing a car. This is particularly key at a time when traditional revenue sources, new car sales and after sales are shrinking both in terms of volumes and margins.
Our used car valuation products and new car price guides are well-respected across the market. You can also integrate our valuations as raw data into your internal systems and products or offer them to your customers via a web or iPhone app.
We are launching a comprehensive suite of innovative products, powered by our new and innovative valuation system, which will change the way valuations are done; putting more information and insight into your hands. These new products will give you the most up-to-date and accurate retail asking prices for your region, letting you gain competitive advantage by setting the best asking price vs. other vehicles in your local area.
The first of these new products, GlassNet Radar, is already being recognised by the industry as Motor Trader Magazine's Innovation of the Year.
Tracey Hatton, Mrs Mini
“Radar is making a significant positive revenue impact in the few months since we have embraced it within our business. It saves us time trawling through websites by providing us with up to the minute local & national competitor pricing with the added advantage of being able to see the length of time stock is taking to sell as well as adjustments to pricing. Radar is now a firm component of the way we do business.”
BEHIND THE SCENES
At the core of our entire range of business tools is our statistical data systems and teams of analysts, who each month, glean business critical insights based on what real market data is telling us.
Our data covers the entire automotive lifecycle meaning we can provide customers with class leading Identification, Specification, Valuation and Technical data. We are also able to provide cross reference files so that our data model codes can be mapped to alternative codes you might currently use with relative ease.
Our valuation data is based on up to 1.2 million trade observations and up to 4 million retail observations each year. These are fed through a statistical model to provide highly accurate trade and retail values that are independent of each other.
Click here for more information about how our data is compiled and it's accuracy.
In 2012 we were recognised by Motor Trader Magazine as developers of the automotive industries Innovation of the Year award for GlassNet Radar. The product has revolutionised the way dealers price their stock using the Glass’s Spot Price that Radar provides on a daily basis for each vehicle valued by a user. The product has been such a success that in just its first year over dealers adopted Spot Pricing through the GlassNet Radar tool.
Also in 2012 we won Best Used Car Valuations Service at the Car Dealer annual Power Awards ceremony. The award was voted for by Dealers and further demonstrates our commitment to supporting our customers really does pay off.