In order to pursue our goal at ADESA to ensure that our customers have access to information that will help them buy and sell with us more efficiently, we have completely rebuilt CarValue from the ground up.
CarValue is a wholesale valuation tool that is available at no cost to all ADESA customers. CarValue was made to help research ADESA inventory and identify the fair market price for the vehicles that our customers buy and sell at ADESA auctions. CarValue is designed to predict the expected sale price for a specific VIN, at a specific ADESA auction, within the next 7 days from when the price is calculated.
How are CarValue™ Prices Different From Other Guidebooks?
Unlike other guidebooks, CarValue™ does not calculate a price as a weighted average of recent transactions for the same year/make/model/trim . Instead, CarValue uses Machine Learning to predict the sale price of a specific VIN based on the overall ADESA market. This is possible because CarValue takes all transactions at ADESA auctions into account in its predictions.
The CarValue™ model also takes all of the attributes of the specific VIN into account, including variations beyond the trim level such as packages and options. This allows for more variation in pricing within year/make/model/trims.
Additionally, CarValue™ is the only wholesale pricing model largely based on ADESA transactions, making it the most useful valuation guide for buying and selling with ADESA
How can I see the Base CarValue™ Price?
CarValue™ does not calculate a “base price” for a year/make/model/trim or apply “adjustments” to a “base price” in order to reach the final predicted price for a specific VIN. This is because the “base price” that is provided by other guidebooks is based on an average mileage and Condition Report for a given year/make/model/trim, and CarValue does not calculate average prices.
Instead, CarValue™ predicts a unique VIN-specific price which factors in not only the vehicle’s odometer, Condition Report, and sale location, but also dozens of other data points including vehicle attributes from the VIN, market depreciation, seasonality, and macroeconomic factors.
Why isn’t a CarValue™ price available for some VINs?
While we can provide a CarValue™ value for over 95% of VINs on the ADESA Marketplace, some vehicles are too uncommon or new for CarValue to be able to predict a price. In these cases, we will display nothing to avoid presenting misleading or inaccurate data.
Why did CarValue™ predict this price?
We aren’t able to provide a detailed explanation for CarValue™’s price predictions for a specific vehicle, due to the complexity of the CarValue model and the large number of variables it considers when predicting a price.
In general, the difference between CarValue™ and other guidebook pricing can be based on:
- CarValue prices account for predicted depreciation and seasonality, rather than historical averages.
- CarValue prices are predicted based on all transactions in the ADESA wholesale market, rather than just transacted vehicles with the same year/make/model/trim as the vehicle being priced.
- CarValue prices are VIN-specific.
- CarValue prices are predicted based on the specific day when the vehicle is being sold.
Where is CarValue available™?
CarValue™ price predictions are available complimentary to ADESA buyers and sellers on a number of different systems.
Simulcast (Free for ADESA customers)
You can view the CarValue™ from the current vehicle on the block in the autoniq® plugin in CarValue, even if you aren’t subscribed to autoniq®!
ADESA Seller Reports (Free for ADESA customers)
Contact your ADESA Rep to learn more about how you can use CarValue™ to enhance your ADESA sales strategy, including Block Summaries, portfolio evaluations, and flooring recommendations!
autoniq®
CarValue™ is available within the autoniq® platform as a paid subscription.
AutoIMS
CarValue™ values can be displayed in AutoIMS in the ‘Guidebook Value’ field.
More ways to access CarValue™ are on the way!
How Often is CarValue™ Updated?
CarValue™ pricing is updated every week on Sunday.