- Price Indicator displays to a car buyer whether a car is priced low, great, good, fair or high
- Price Indicators are based on the price of the car advertised. They are compared with Auto Trader valuations and are made up of variable factors such as:
- Live market movements
- Similar vehicles
- Similar specification
How to get an indicator
- Price Indicators reflect how fairly priced your car is compared with the market
- If you price to the market you will see an indicator on their advert. If you don't there could be a few reasons why.
Have you only just placed the advert?
- There will be a delay of 15 minutes in Portal and on the website between updating your advert to updating the indicator
- Whilst the update is happening, the indicator will disappear from the advert. This makes sure that the advert is at no point misleading for the car buyer.
What does 'No Analysis' mean?
There are three instances where a vehicle may have a ‘No Analysis’ indicator:
- No Valuation: This is where we are unable to provide a valuation for a car, so we can't show a Price Indicator
- Not enough data: This is where we don't have enough information around specification and optional extras. These vehicles will also get a ‘No Analysis’ flag in Portal/Retail Accelerator/Retail Check. As more information is added over time, this may change. Certain cars may get a Price Indicator in the future. This is why it’s so important to add optional extras to the advert.
- Excluded cars:
- Cars under £1,500 and over £70,000
- Very new cars e.g. anything under 300 miles and 6 months old. This is because we have limited data for these, so these are likely to get no indicator.
- Cars over 15 years old
- Vehicles that have been written off (Category C, D, S or N)
- Imports and new cars
- Listings by private sellers
- Rare or classic car