UK-based software developer ATD Solutions has launched a version of its vehicle RV forecasting system, AVS, adapted for the Australian market.
ATD has signed Volkswagen Financial Services Australia (VWFSA) as its first Australian customer for the platform.
AVS provides vehicle finance companies, hire companies, retailers and fleet operators with a way of forecasting future values of both used and new vehicles under different market scenarios.
Users can define multiple adjustment factors to allow for variations in key valuation influencers such as economic and seasonal factors together with market trends for make, model, sector, fuel, and body impacts etc, the company said in a statement.
VWFSA is an early adopter of the AVS platform. AVS has enabled VWFSA to process their monthly contract RV reforecasting efficiently and without the need to be dependent on specific industry vehicle data, ATD said.
Ashley Clark, director of ATD Solutions, added: “We have invested several man-years working closely with major motor finance companies on the development of AVS and the feedback we get when anyone sees it is always positive.
“As a proven product with quality references we are able to offer AVS as a fully hosted solution to companies large or small. As well as vehicle finance companies, AVS is suitable for use by any business with significant exposure to changing vehicle values.
“Also, being data-independent means AVS has the potential to be used anywhere in the world where vehicle valuation data is published.”
AVS accepts vehicle data in virtually any layout or format, uses a powerful matching facility to match the vehicles to standard industry codes and is able to revalue and forecast tens of thousands of vehicles in just minutes, according to a company statement.