Improvements to our valuations in Market Value Assessor

Great news! We are improving our valuations in Market Value Assessor.



What’s changing?

Upcoming enhancements to our vehicle valuation methodology 

We’re excited to announce significant updates to our vehicle valuation methodology, designed to improve accuracy and better reflect current market conditions. These changes will enhance the products you rely on, providing you with the most precise and reliable valuations available. 

What’s Changing? 

1. Exact Mileage Calculations 

  • We’re moving from average mileage estimates to exact mileage-based valuations, ensuring results are tailored to a vehicle’s actual usage for greater precision.
  • Valuations based on average mileage will no longer be available, and average mileage data will no longer appear in the product.
  • New Feature: Observed Average Mileage will be accessible through the Ad Search feature within Market Value Assessor, offering insights into the average mileage of vehicles currently for sale.

2. Removal of Mileage Corrections 

  • Mileage correction factors will be eliminated, as mileage will now be fully integrated into the core valuation process. 
  • With exact mileage valuations, there will no longer be a basic value, removing the need for separate mileage adjustments or corrections. 

Below: current view with average mileage selection which will be removed:

Below: current view with mileage adjustment which will be removed:

3. Phasing Out Condition Grading & Alternative Valuation Methods 

  • Condition grading values (Lo, Hi, Av) will be discontinued. 
  • Alternative valuation methods, such as Private Sales, Disposal, and Retail Asking values, will be retired. 

Below: Alternative valuation methods retired which will be removed:

Below: Conditions grading values which will be removed:

These updates leverage advanced AI-driven market insights, dynamically integrating all relevant factors into a single, comprehensive valuation for both trade and retail transactions. 

Preparing for the Changes 


Implementation Timeline 

The new methodology will be implemented starting March 2025. We’ll provide reminders and guidance to support you during this transition. 

Next Steps 

  • Review your internal processes that rely on the affected features and update them to align with the new methodology. 

Thank you for trusting us to provide the most accurate and reliable vehicle valuations. Stay tuned for further updates as we roll out these enhancements.


FAQs

Currently, Grade Low Trade values serve as a trusted guide for pricing vehicles in poor condition, typically those requiring extensive cosmetic and Bodyshop repairs or major repairs, such as replacing a bumper or door. These values provide a dependable reference for making informed pricing decisions.
Moving forward, Grade values will no longer be provided as a separate category. Instead, standard Trade values will serve as the foundation for all valuations, offering a more flexible approach to pricing.
For vehicles in poor condition, we recommend leveraging the Repair Estimate feature, which can help calculate the cost of cosmetic and Bodyshop repairs. This allows you to incorporate repair costs more accurately when adjusting values. If you do not currently have access to Repair Estimate, please contact our Sales Team for more information.
Alternatively, you can apply a value reduction factor to the base values, tailoring adjustments to reflect the vehicle’s condition. This can be defined using your professional judgement and expertise.
By transitioning to standard Trade valuations and individually managing condition-based adjustments, you retain full control over your pricing process while aligning with real-world market conditions. This ensures your valuations remain accurate, competitive, and adaptable to a wide range of scenarios.
Currently, Grade Average values provide a reliable benchmark for vehicles requiring moderate cosmetic work and Bodyshop attention. These repairs are typically isolated to a few areas of the bodywork and align with a mid-grade vehicle condition. These values assist in assessing and pricing vehicles appropriately based on their overall state.
Moving forward, Grade values will no longer be provided as a separate category. Instead, standard Trade values will serve as the foundation for all valuations, offering a more flexible approach to pricing.
To support condition-related adjustments, our Repair Estimate feature can calculate the cost of cosmetic and Bodyshop repairs, providing a reliable basis for refining valuations. If you do not currently have access to the Repair Estimate feature, please contact your account manager for more information.
By transitioning to standard Trade valuations and individually managing condition-based adjustments, you retain full control over your pricing process while aligning with real-world market conditions. This ensures your valuations remain accurate, competitive, and adaptable to a wide range of scenarios.
Currently, Grade High Trade values provide a reliable reference for vehicles in good condition that may only require minor cosmetic attention. These repairs typically include small, removable part replacements (e.g., wiper blades, badges, number plates) or SMART (Small and Medium Area Repair Techniques) repairs for bodywork and trim. They may also involve minor panel repairs requiring some refinishing.
Moving forward, Grade Average values will no longer be provided as a separate category. Instead, standard Trade values will serve as the foundation for all valuations, offering a more flexible approach to pricing.
For vehicles currently falling under the Grade High category, we recommend adjusting the base Trade values to reflect their good condition by applying a value-increasing factor.
The specific adjustment factor can be determined using your professional judgement and expertise. For added precision, our Repair Estimate feature can help evaluate minor cosmetic repair costs, ensuring your valuations account for the vehicle’s condition while remaining aligned with market trends. If you do not currently have access to the Repair Estimate feature, please contact our Sales Team for more information.
By transitioning to standard Trade values and individually managing condition-based adjustments, you retain full control over your valuations. This approach ensures that your pricing remains accurate, flexible, and competitive, tailored to each vehicle’s specific condition.
Currently, Disposal Values provide a benchmark for Light Commercial Vehicles (LCVs) sold in an unprepared condition, often sourced from fleets. These vehicles typically require significant cosmetic work to bring them up to retail condition, while still meeting basic roadworthiness standards. For vehicles in very poor condition, adjustments to the Guide Disposal Value are often necessary to reflect their state accurately.
Moving forward, disposal values will no longer be provided as a separate category. Instead, standard Trade & Retail values will serve as the foundation for all valuations, offering a more flexible approach to pricing.
For LCVs in poor condition, we recommend adjusting the base values (Trade or Retail) using a value reduction factor, which you can define based on your professional judgement and the vehicle’s specific condition.
To assist you with this process, the Repair Estimate feature can provide detailed calculations for cosmetic and Bodyshop repair costs. By using Repair Estimate, you can better understand the financial impact of the work required and adjust valuations accordingly. This ensures greater accuracy and confidence when pricing LCVs, particularly those that require significant preparation to meet market expectations.
If you do not currently have access to the Repair Estimate feature, please contact your account manager for further information.
By transitioning to standard Trade and Retail valuations and individually managing condition-based adjustments, you retain full control over your pricing process while aligning with real-world market conditions. This ensures your valuations remain accurate, competitive, and adaptable to a wide range of scenarios.

Our standard Retail Value is derived from the relationship between dealer-advertised and dealer-transacted prices, considering key factors like age and mileage. Powered by an AI-driven system and supported by our expert editor team, it ensures accuracy and alignment with market trends. This approach provides a reliable, comprehensive view of the market, reflecting real-world pricing trends and supporting confident decision-making.

Trade valuations will continue to be based on robust market data and refined to provide accurate and reliable insights. This ensures dealers and traders have a dependable foundation for assessing vehicle values and making informed pricing decisions in today’s dynamic market.

Mileage corrections are now directly incorporated into Glass’s Trade and Retail values, making them fully data-driven. Instead of relying on fixed values for mileage corrections, adjustments are based on real-time market observations.
As a result, there will no longer be a fixed “standard mileage,” and a value based on an average mileage will not be provided separately. Powered by an AI-driven system and supported by our expert editor team, this approach delivers a reliable, comprehensive view of the market, reflecting real-world pricing trends and supporting confident decision-making.
Mileage corrections are now directly incorporated into Glass’s Trade and Retail values, making them fully data-driven. Instead of relying on fixed values for mileage corrections, adjustments are based on real-time market observations.
As a result, there will no longer be a fixed “standard mileage,” and a value based on an average mileage will not be provided separately. Powered by an AI-driven system and supported by our expert editor team, this approach delivers a reliable, comprehensive view of the market, reflecting real-world pricing trends and supporting confident decision-making.
In the future, there will no longer be a fixed “standard mileage,” and it will no longer be displayed separately. Mileage corrections are now directly incorporated into Glass’s Trade and Retail values. Instead of using fixed values for mileage corrections, adjustments are based on real-time market observations.
If you wish to obtain a quick valuation, we recommend using an external, market-reliable source for average mileage. However, within our Live Retail data, we provide an observed average mileage powered by data-driven insights of vehicles currently on the market. Unlike static figures, this observed mileage dynamically reflects the latest market trends.
Please note that relying solely on average mileage may not provide the most accurate reflection of current market conditions, as our new approach factors in a broader range of variables to align valuations with real-world behaviour.

We are committed to keeping you informed as we roll out these improvements. You will receive regular updates about specific product changes, ensuring you’re always up to date on key adjustments and new features. These updates will be sent to you over the course of the next several months, with the goal of aligning the changes by October 2025. Rest assured, we’ll provide timely information on how these updates will impact your usage and experience with the product.

We plan to go live with these changes progressively over the coming months, with all updates fully implemented by October 2025. As we move forward, we’ll keep you informed with regular updates about the specific timelines for each stage of the rollout, so you can stay ahead of any changes affecting your product experience.