Vehicle valuations company CAP Automotive has launched an enhanced Market Value Manager, to add functionality and increase the accuracy of its offerings.
The new version features a transacted valuation, which sits alongside the current retail advertised valuation, to provide further support for settlement and total loss processes.
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CAP said it referenced 4.8m pieces of data when building the model, which uses artificial intelligence technology to respond to changes on a daily basis.
Scott Chandler, Key Account Manager, CAP Automotive said: "CAP’s new Market Value Manager will make it faster and easier to use, while offering unrivalled accuracy.
"As we move into 2016 there are a number of additional projects underway and we will continue to work with this data to further analyse, refine and enhance this valuation process."
CAP recently revealed plans to more closely integrate with HPI, with both companies being a part of Solera Holdings
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