Business Challenge
A leading fleet operator in the UK wanted to understand the price performance of used cars in the UK.
Situation
The client wanted to conduct a research study to assess the price performance of used vehicles to derive insights for enabling maximized returns and reducing life cycle cost.
Approach
We used various proprietary tools for detailed analysis of data gathered through primary and secondary sources. We developed a test model schema to determine the factors with high correlation with prices of used vehicles and relative weight of factors.
Impact
The client was able to minimize the direct and indirect cost associated with the used vehicle by detailed assessment of used vehicle life cycle cost and better manage their inventory acquisitions and future fleet purchases.
The client was able to minimize the direct and indirect cost associated with the used vehicle by detailed assessment of used vehicle life cycle cost and better manage their inventory acquisitions and future fleet purchases.
