Close Button X Page Heading Polygon location marker icon phone icon Icon arrow down Icon of a Left Arrow for a Carousel Icon of a Right Arrow for a Carousel icon of Facebook logo Calculator Icon icon of Twitter logo icon of YouTube logo icon of LinkedIn logo icon of Google+ logo icon of Pintarest logo icon of Share logo Get a Quote Dollar Icon Get a Quote Dollar Icon Download a Brochure Icon Download a Brochure Icon Book a Service Spanner Icon Specials Discount Tag Icon Search our Stock Icon Book a Test Drive steering wheel Icon Book a Test Drive steering wheel Icon Search our Stock Icon Question Mark in a Circle Icon Search our Stock Icon Calculator Icon More Content Below Learner Approved Motorcycles (LAM) View Right Arrow Icon of Instagram Logo Icon of Left Arrow Icon of Double Left Arrow Icon of Right Arrow Close Button Circle X Icon of 3 Horizontal Lines Icon of a 4 square Quandrant Icon of a car Hand Offering Cash Icon Envelope Icon List Symbol of Lines and Dots Icon Calculator Icon Video Click to Start Icon Printer Icon Icon of 3.5 star rating Icon of 4 star rating Icon of a magnifying Glass Icon of a Dollar Symbol Powered by I-Motor - link to I-Motor website Icon of Arrow Pointing Left Icon of Home Used on Error Pages Icon of two cars from the front Icon of square speech bubble with dollar symbol icon of an envelope Icon of a Garage with door closed Icon of an Engine Icon of a Petrol Bowser Icon Simple Gear Diagram Boxed minus symbol Icon of a printer - line art Icon of a Dollar Symbol phone icon Icon of a clipboard with tick - line art Icon of a steering wheel - line art Icon of an envelope - line art Icon of Arrow Icon of chat bubbles Icon of extra-large clock Icon of a magnifying Glass Login Logout Account Sign Up close icon x in circle car icon confirmed/checked tick icon Icon of right Arrow Icon of left Arrow Icon of Edit Icon
RedBook Commercial中国

Latest News: Post

Back

The RedBook Insider: RedBook Launches Real-Time Used Car Valuations

When will used car prices start trending down and by how much?

This is the question on the lips of anyone and everyone that has some form of exposure to the movement in used car prices. While the answer to that question remains to be seen, what is certain is that volatility in the Australian market is here to stay and isn’t projected to be equal across all vehicle types or segments.

We all want, and maybe for some, need that most recent data to make informed decisions, and RedBook’s new Real Time Valuation (RTV) API is the perfect companion to the renowned RedBook Guide Price. The RTV API fills in that crucial detail, picking up daily market dynamics and fluctuations. Most importantly, being an API it can be integrated into internal systems, power more advanced support and decision tools.

RedBook’s RTV API utilises exclusive and authentic access to the carsales network backend data in addition to traditional wholesale channels to return a RedBook code (make/ model/ variant) level valuation. This valuation incorporates a kilometre/ margin/ condition adjusted valuation at Retail & Wholesale price types with a selection of condition parameters (from As New → Average → Poor). What also make RedBook’s RTV unique is the ability to also include/excluded factory fitted options, time to sell and confidence score rankings.

As illustrated, the dynamic nature of RTV provides the visibility and volatility, essentially a leading indicator of used value movements.

In summary, real-time valuation in the used car market enhances efficiency, fairness, and competitiveness. It allows sellers to adapt to market changes, attract potential buyers, and ensure that transactions are based on current market conditions, benefiting both buyers and sellers in the process.

To learn more about RedBook’s Real Time Valuation API please get in touch via info@redbook.com.au