Core Mileage Value App

View a Video on Using This App
AVAILABLE WITH PREMIUM PLUS AND UP SUBSCRIPTION
What is it for?
  • This app statistically isolates the market price for a vehicle purely based upon the actual miles.
  • Isolating the value exclusively based on miles provides a core market value which can then be modified as a function of quantitative, qualitative and other factors.
How does it work?
  • Submit a 17 digit NHTSA VIN and the actual vehicle mileage value – do not enter a theoretical mileage.
  • The app analyzes the current market inventory to isolate and extract a mileage only based price, and the impact of miles on price, for the VIN and the mileage submitted.
How To Apply This App
  • Using a vehicle’s current mileage this app estimates the vehicle’s current market value based solely on mileage. The app extracts this estimate from the current market inventory.
  • Add or subtract quantitative or qualitative value components (condition, urgency to sell, options, profit target etc.) from the core mileage value to estimate a market price.
  • Check market value estimates against comp vehicles in the current market inventory using the Market Inventory Value Snapshot Chart.
  • The app generates the theoretical percentage of the VIN’s value which can be explained solely by mileage. This measure of mileage impact on price can be used to gain a better understanding how much influence mileage has on price.
  • Mileage impact on price is an indicator as to how much mileage is affecting price in general, it is not a mathematical construct to be applied to generate a value estimate. A low mileage impact value indicates little influence on price, for example new cars. A high mileage impact value indicates significant influence on price, such as a widely price distributed market or a market with a high inventory count.
  • Click the link to the Valuation Kit App to compare the core market value to the current market.
  • View a video on using this app.
  • Not all models are available in this application. Some bodies are combined into ALL for the body parameter in order generate statstically valid results. View the covered models list.

This application or chart is only available to SC Sage subscribers with the required service level.

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