AutoTrader Used Car Valuations Powered By CAP
AutoTrader/CAP provide motorists with used car valuations. The interested party starts by entering the vehicle's registration number and mileage into the system. If this is unavailable he/she selects the manufacturer, model, and trim level from a list then confirms the mileage and approximate date of registration, e.g. March 2009.
The motorist then selects any optional extras that were fitted to the car when new such as (say) parking sensors and/or a television tuner. These, of course, can influence the valuation. The motorist then pays the service provider by credit or debit card. The price is £3.95 for a single second-hand car valuation or £8.95 for three. If the motorist selects the latter he/she receives one instant valuation plus two credits which must be redeemed within sixty days. The valuation includes the: dealer retail price and the private sale price, plus values for a clean, average, and below average trade-in. These figures are typically presented within a range, e.g. dealer retail price £4,300 to £4,600. The valuation is complemented by a brief technical outline that confirms the vehicle's engine power, performance and standard equipment plus - if the motorist searched the database by registration rather than via the list - the Vehicle Identification Number (VIN).
CAP's Trade-Only Black Book
Clearly, CAP's valuations are an invaluable resource for motorists but the company's main focus is the trade. Thousands of professionals therefore rely on its Black Book which is comparable to The Glass's Car Guide. CAP's prices are compiled from a vast amount of raw data that is collected from between one and two-million transactions per-year from all sectors of the industry. This resource – which relates to the vast majority of modern cars in the United Kingdom - is simple to use as the prices are indexed by manufacture, model, and derivative, e.g. Ford Focus 1.6 LX Hatchback Automatic. Furthermore, trade prices for each vehicle are categorised as clean, average, and below average which complement suggested retail figures. CAP's Black Book also helps traders adjust the valuations for high/low mileage and for non-standard factory fittings, e.g. sat-nav. It covers special editions too. Professionals also benefit from the editorial content and market commentary. And there is more. CAP's Black Book – which is available monthly via subscription – coexists with the Red Book (light/heavy commercial vehicles), the Green Book (motorbikes), and the Grey Book (foreign imports).
History Of CAP
CAP launched in the late seventies and is now one of the most respected companies in the motor industry. There have been various milestones in its lifetime, such as being the first to include prices for cars in varying conditions and of varying mileage (1983). The following year the company launched a phone-based valuation service for one-off and specialist vehicles. Later, in 1988, prices were made available via computer disk which suggests the company has long been ahead of its time. Its computer-based service then expanded to the Windows Platform in 1996 and the ASCII/Palm Pilot two years later. CAP then celebrated its twenty-fifth anniversary in 2004 with a Special Edition Silver Book (rather than black) and its thirtieth was marked with a vibrant Pearl Edition in 2009.