Whole Life Cost Data for Smarter Decisions
WLC data allows fleets and consumers to make informed decisions, and can be easily integrated in a range of solutions: Fleet Analysis Solutions Fleet managers can use WLC data to balance costs, efficiency, and operational needs. By comparing EVs and ICE vehicles on equal footing, they can identify and take advantage of opportunities for cost savings and environmental benefits. Website Comparators Online platforms leveraging WLC data provide consumers and businesses with side-by-side comparisons of vehicles, showcasing the financial and environmental advantages. OEMs can leverage website comparators to help them achieve EV sales targets by explaining the financial benefits of EV ownerships to their customers. Showroom Sales Solutions Dealerships can use WLC data to demonstrate the long-term value of vehicles to customers, helping them overcome concerns over higher capital costs.
Components of Whole Life Cost Data
Our deep experience of whole life costs enables us to build data feeds tailored to the needs of each specific client or project, using a range of data sources: Capital Cost of Acquisition OEM sourced pricing for the upfront cost of purchasing a new vehicle. Depreciation Based on Residual Value Forecasts Depreciation can be the single largest cost of vehicle ownership. Accurate residual value forecasts are crucial, especially for EVs, where resale values depend heavily on their appeal to used vehicle buyers. Servicing, Maintenance, and Repair (SMR) Costs The advancement of electrification makes SMR an increasingly important topic for WLC analysis and the need for parts and other consumables. Fuel Costs WLC data feeds can be built to enable comparison and blending of different operating scenarios. Employer’s National Insurance Contributions If a vehicle is provided as a company benefit, the tax implications tied to its benefit-in-kind (BIK) must be considered. EVs offer substantial savings in this category due to lower BIK rates compared to ICE vehicles. Road Tax Calculated based on capital cost, fuel type and emissions data. Insurance Benchmark insurance rates based on insurance group, age and fuel type. Electric Vehicle Performance Data Fleets and consumers must factor suitability for real-world use cases when making decisions, which leads to associated EV data requirements for most users of WLC data.
Bespoke Whole Life Cost Data Solutions
One Auto API leverages leading automotive data providers including Solifi, Brego, and EV Database, to provide WLC data feeds tailored to the specific needs of each implementation. If you are interested in integrating WLC data in your app or website, please book a call to discuss your requirements.
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