Knowing how much a vehicle is valued is important during the buying and selling process. Value data can be used to compare vehicle prices against the market when buying or selling to determine if it is over or underpriced. Fleet managers can use value data to work out future sale prices when budgeting or planning for their fleet too.
If this data is stored locally on the vehicle, or in central servers, then fleet managers, dealers and insurers can access it. Value data aids in insurance claims when a vehicle is written off. Knowing accurate value data removes any discrepancies when negotiating during this process.