Understanding Residuals and Future Vehicle Values are fundamental to all members who lease or rent vehicles themselves. Achieving a better understanding of RVs is crucial to understanding fleet procurement decisions for our major customers. Topics include how used vehicles are valued today, how forecast residual values are calculated, the relationship and difference between used values and residual values and what impacts them and why they are important.
Who should attend?
This course is aimed at anyone who:
- Wants to understand how used vehicles are valued today and how forecast residual values are calculated
- Wants clarity on the relationship and difference between used values and residual values
- Needs to understand the key factors which impact RVs and used vehicle values
- Wants an understanding of fleet decisions impact P&L in our sector
- Is looking for details about why used values and residual values are important
Course Content
The course covers the following:
- The essential aspects of the valuation process
- How the various components of vehicle valuations are impacted by market dynamics
- Consider the alternative sources for getting the information needed to create RVs and used vehicle values
- It will seek to open your minds to the factors that must be considered to successfully manage vehicle valuations
Learning Outcomes
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The course will include:
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Trainer
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"Andy is a trainer and consultant who has worked across the industry for twenty-five years. His deep engagement with vehicle data and valuations began when he was the managing director of Glass's, back when they still published a monthly guide. He has also spent 15 years working for vehicle manufacturers in the UK, France, Switzerland, Germany and Russia before crossing over to be the COO of a major dealer group. Andy lives in London with his wife, his Tesla, and a varying number of his three grown-up children." |
Duration
9.30am - 2pm
Dates and Locations
Please use the drop down menu on the right hand side of this page to see the dates that are currently available.
All courses are now held via an interactive online tool. Details of which will be sent when booking has been confirmed.
Cost
*Book your spaces 2 weeks or more in advance of the course date and receive a £100 discount on the course fee*
Contact [email protected] to book using this Early Booker Discount
Instructor-led Online Price
Member Fee £299 + VAT (Full Price £399 + VAT less than 2 weeks before the course date)
Non-Member Fee £399 + VAT (Full Price £499 + VAT less than 2 weeks before the course date)
Hear what our delegates have to say...
'Andy was great and thoroughly explained everything to do with RVs, this was a very helpful course and will better my communication with customers' – Ryan Young, Octopus EV
'Really engaging course led by Andy Carroll - made it very interesting to listen and learn, whilst also creating an environment to ask questions' – Maddie Lythgoe, Octopus EV
Have you thought about this course 'Driven by You'?
This course, alongside our whole course portfolio, can be 'Driven by You' exclusively for your business. Visit our BVRLA Driven by You page find out more.
Cancellation Policy
Requests for cancellation of a training course booking must be received in writing via email to [email protected] for the attention of the Learning and Development Professional. Requests for cancellation received more than 30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 25% of the course fee. Requests for cancellation received more 15-30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 50% of the course fee. There is no refund on cancellations made 14 days or less prior to the course start date as there is an impact on other delegates who have booked to attend and could result in the course being cancelled overall.
Postponements
Postponement of attendance from one course to a later course can be requested in writing as per the cancellations policy above to training @bvrla.co.uk. Requests to postpone more than 30 days prior to the course start date will incur an administration charge of £35 + VAT. Requests to postpone more 15-30 days prior to the course will incur an administration charge of £70 + VAT. Requests to postpone 14 days or less prior to the course will be treated as a cancellation, with no refund payable.
Substitutions
You can request the substitution of a delegate for another in writing as per the cancellations policy above to [email protected]. There is no charge for this. Requests for substitution must be made no later than one business day prior to the scheduled course start date.
Please note that photographs and/or footage will be taken throughout this training course. These will be used by the BVRLA for marketing and publicity in our publications, on our website and social media platforms.
If you would not like to be included in any photographs or footage please let us know by emailing [email protected].