In order to see the Retail Rating for your stock, you can check key areas of Portal such as:
- Retail Check
- Vehicle Insight
Here you will see a section scoring your vehicle out of 100 for the Retail Rating.
How do I run a Retail Check in Portal?
- It is a predicted measure of the retail potential of a vehicle if sold at market value (100% price position) from your location.
- If you price your vehicle higher or lower than it's market value, then this will likely impact how fast the vehicle will sell, but this won't change the Retail Rating
- This is worked out by analysing national speed of sale performance, plus market conditions including supply and demand. This is then adjusted for the location of your forecourt.
- You can use the Retail Rating metric to compare different vehicles, even if they are worth different amounts