In the dealership environment, sales executives are always prepared to receive inquiries about new vehicles. One of the ways they become aware of potential vehicles to add to the auction is when customers request a valuation for their vehicles.
When to use it
When a vehicle is to be pushed back into the market
To do this, the seller must understand the value their vehicle has in order to put a price on it for potential buyers. With the auction offering, the vehicle is inspected and valuated by sales executives to list the vehicle at an appropriate market related value.
When the seller enquires about the value of their vehicle for a future sale
There are often cases where a client is two-minded about whether or not it is a good time to sell a vehicle. To assist them in this decision, the client may opt to request a valuation so that they have an idea regarding the potential sale value of their vehicle.
Where to find it
- Navigate to the dashboard.
- Select the option labeled 'New Valuation'.
- From the dropdown menu, select 'Full Valuation'.
- Complete the ‘Request Valuation’ form.
How to use it
Access Full Valuation
From the Live Auction dashboard, select ‘New Valuation’ and then click on ‘Full’ from the drop-down menu.
Capture Valuation Details
On the current screen, locate and click on the "Request Valuation" form. Fill out all necessary fields within the form to provide details for the inspection request. Once the form is complete, submit it to initiate the inspection request to the valuator.
Await Valuation Confirmation
Once the Valuation Request is created the sales manager or dealer principal will assign the valuation to a sales executive to conduct the inspection.
Initiate Valuation Inspection
The inspector will conduct the inspection using the mobile app.
View Completed Valuation
Once the inspection is completed, the valuation can be seen in the 'Valuation Grid’ from the desktop platform. Here, the valuation can be edited, the vehicle can be viewed, or the vehicle can be transferred to auction.
