Market Value App

View a Video on Using This App
AVAILABLE WITH PREMIUM AND UP SUBSCRIPTION
What is it for?
  • Pull a real-time market snapshot for any vehicle spec including Body, Year, Exterior Color, Interior Color.
  • Gain a drilled down understanding of the market.
  • Includes body and year inventory counts and average and median price and mileage for the specification.
How does it work?
  • Submit a VIN or step through the build spec selector.
  • Our unique process makes selections at each step dependent upon the selections made at previous steps.
  • See the number of vehicles in the database at each selection level in the dynamic Blue bar counter.
How To Apply This App
  • Evaluate the average and median market price and average and median mileage for the market inventory to gain a general sense of the market’s general behavior.
  • Assess the price spread pattern by comparing the market average price to the market median price.
  • If the average price is above the median price the majority of the market inventory is priced below the average price. In general this indicates a weaker market or pessimistic sellers as most cars are priced below the market consensus of average pricing.
  • If the average price is below the median price the majority of the market inventory is priced above the average price. In general this indicates a stronger market or optimistic sellers as most cars are priced above the market consensus of average pricing.
  • Evaluate the spread between the high and low price. A large spread would indicate to use the median price for valuation purposes. A tight spread would indicate to use the average price for valuation purposes.
  • Assess general market mileage.
  • If the average mileage is above the median mileage most vehicles in the market inventory are below average mileage.
  • If the average mileage is below the median mileage most vehicles in the market inventory are above average mileage.
  • To evaluate average to median price spread pattern trends use the Market Price Enhanced Timeline Chart.
  • To evaluate where a price or mileage for a vehicle fit in the market inventory use the Market Inventory Value Snapshot Chart.
  • View a video on using this app.

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

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