![]() A similar process is followed for all 5 benchmark points as necessary. So if a current master vehicle was worth +8% more than the donor vehicle at 12/20, but was not available at 24/40, we would increase the 24/40 value for the donor vehicle by +8% to get the expected 24/40 value for the current vehicle. ![]() To create a Black Book value for a current vehicle where it does not already exist in Black Book, we apply a proportional difference (usually an uplift) to the value for the donor vehicle to provide an expected value for the current vehicle (what it would be worth if it was available today at the selected age/mileage). Donor vehicles are always selected as the most closely related to the master vehicle being forecast, however, in some examples it may be necessary to choose a different range, possibly even from a different manufacturer. ![]() This could require one or more donor vehicles. Otherwise, we will need to identify a string of ‘donor vehicles’ which will enable us to calculate a Black Book value at the benchmark points. Where these are already available in current Black Book they will be incorporated automatically. Our first aim is to generate current Black Book values for the benchmark points (12/20, 24/40, 36/60, 48/80 and 60/100). Step 2 – Identify Current Black Book Values Forecasts for other vehicles within the range will be set via the Walk-Up process (see later). On some occasions we may select a different benchmark vehicle to aid with competitor comparisons within the vehicle sector. This is usually the derivative which CAP believes will likely see the most volume in the market, as this will generate more Black Book data for use in reforecasting. ![]() Step 1 – Identification of Master Vehicleĭetailed analysis is based on a single vehicle to represent the model range. The following steps describe the forecasting process used to create a Gold Book forecast. ![]()
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