Understanding Residuals and Future Vehicle Values Instructor-Led Course

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

The course will include:

  • The essential aspects of the valuation process
  • How the various components of vehicle valuations are impacted by market dynamics
  • Consider the alternative data sources for setting RVs and used vehicle values
  • The factors that must be considered to successfully manage vehicle valuations
  • BVRLA's Fair, Wear & Tear principles in the sales process 

Trainer

This course will be led by Dean Bowkett who has over 30 years automotive industry experience, Dean has been responsible for 31 different financial services businesses across 25 countries in 4 continents. He also launched world’s first OEM online used car sales portal and has completed pan-European remarketing projects for multiple OEMs

Since 2015 Dean has been running his own consultancy business providing strategic and planning advice on all parts of the automotive industry including areas like the impact of WLTP, legislation, remarketing, pricing optimisation, current and future automotive trends such as the move to an electric mobility solution.

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)

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.

Really well presented. Tutor was engaging and friendly

- Shelly Bright - Santander Consumer Finance

 


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.