CAP Launches New Version of Instant Used Vehicle Pricing Tool Valuation Anywhere

LEEDS, UNITED KINGDOM – March 31, 2009: CAP has launched an uprated version of its instant car and van pricing tool Valuation Anywhere.

Valuation Anywhere 1.5 offers users instant mileage-adjusted vehicle values and a wealth of other key data via an SMS text message and user-friendly web application.

Valuation Anywhere offers unrivalled vehicle coverage direct from CAP’s most comprehensive ‘Platinum’ Black Book car and Red Book van databases.

Users can text a vehicle registration mark to CAP and receive a valuation, together with a comprehensive range of other vehicle information, typically within 15 seconds. Additional information is also automatically transmitted to a web application which offers comprehensive data on technical specification and vehicle history.

Additional features in the new version of Valuation Anywhere include:

Number of previous owners and date of last change of keeper, sourced from the DVLA

Notification of an imported vehicle

VIN, Engine Number and vehicle colour

Full Technical Specification including CO2 emissions, MPG, engine size

Option to remove standard equipment

Ability to set displayed valuation to CAP Clean, Average, Below or Retail, for use in customer-facing environments

Record keeping such as tracking of ‘offers’ on vehicles

The convenience of instant used valuations via SMS text messaging from any location makes Valuation Anywhere the most powerful valuation tool available to trade professionals in the field, such as in an auction environment or for the immediate pricing of part-exchanges on a car retail site.

The web application component of Valuation Anywhere is user-friendly and can be tailored to specific business requirements. For example, the displayed vehicle value can be defined from any of CAP’s four pricing points - Suggested Retail, Clean trade, Average and Below Average. This makes it useful as a customer-facing tool during negotiations for part-exchange transactions.

When the user texts a registration number and mileage to Valuation Anywhere, the system returns a precise CAP value, adjusted for condition, along with the vehicle’s model, variant, registration date. Simultaneously details can be automatically returned to the user’s email address while a full record is created in their Valuation Anywhere web account. Where the vehicle mileage is unknown a valuation for the vehicle at CAP’s standard mileage bands is returned.

Essential additional data triggered by a mobile valuation request includes VIN number, colour, standard equipment, fuel consumption and the options available when the vehicle was new. This protects users from fraud and ensures the greatest possible accuracy in identifying and pricing a vehicle for purchase and re-sale.