A forecast can never be 100% accurate, especially when there are so many external factors which can impact the price of a vehicle.
What we’re looking for is a high degree of confidence that the forecast is accurate enough. This means it can be relied upon and gives confidence in decision-making.
Over the last 12 months, our forecasts had the following accuracy rates when compared to the actual retail valuation:
- 1-month: 99% accurate
- 3-month: 97% accurate
- 6-month: 95% accurate