New Brego-Broker Platform with AI

Brings Precision to Residual Value Assessments

Brego, the brand pioneering technology for vehicle valuations and automotive data, has introduced a new niche product specifically developed for car finance providers and their brokers to help minimise risks and maximise profitability. Brego-Broker is a groundbreaking new platform that utilises Brego’s award-winning technology with cutting-edge Artificial Intelligence for unprecedented levels of residual value accuracy.

The platform gives brokers access to accurate current and future vehicle valuations, market trends and depreciation analysis, producing more precise residual value insights to empower the decision-making process. With a dynamic suite of tools, Brego-Broker has been developed to help finance providers and brokers assess lending opportunities with confidence. Brego’s solution ensures every finance decision is backed by data-driven insights, flagging up any potential risks, while also helping to streamline loan approval transactions.

A significant benefit of the technology is the use of sophisticated neural networks to analyse complex patterns and extensive data. Deep learning algorithms adapt to the nuances of changing market dynamics, making accurate predictions even for niche models ensuring Brego’s valuations remain relevant and reliable.

Using advanced AI models trained on an extensive database, ranging from mass-produced to luxury vehicles and electric cars, Brego-Broker can analyse historical trends and predict future market conditions with precision. Clients can input vehicle details and instantly receive the most up-to-date residual values, to gain a full understanding of the current market position while providing a data-derived insight into future depreciation.

Brego-Broker platform's predictive analytics also consider market demand, model-specific trends, and emerging economic factors, delivering highly tailored and realistic forecasts. This enables lenders and brokers to assess risks more accurately and build stronger loan portfolios, through strategically aligned financing offers.

Additionally, through the integration of Brego API, lenders can also benefit from greater operational efficiencies through the platform’s high-speed automated data delivery capabilities accelerating the loan application process. Lenders can retrieve consistently accurate vehicle valuations and market insights without interruptions or delays, helping to minimise risks and manage their loan portfolios more efficiently and effectively. The risk assessment tools evaluate the credit worthiness of each vehicle loan application, with profiles generated to support lending decisions based on market demand, depreciation trends, and vehicle history.

While being the epitome of trailblazing technology, Brego-Broker is very user-friendly solution making it an appealing proposition. The Brego-Broker platform is offered as a cost-effective web-based subscription service, and implementation is quick and easy.

Brego was recently presented with the Credit Strategy Car Finance Innovation Award 2024. Through technological advancement, Brego is fast revolutionising the vehicle valuations space, harnessing the power of big data and machine learning. Brego’s products and services are rapidly evolving as an increasing number of clients are being rewarded with the benefits of partnering with this dynamic brand that is making significant headway in disrupting the car valuations industry.

Simon Hunt, Co-Founder and CEO of Brego, says:

"We are really proud to launch Brego-Broker. Our clients are telling us how it is helping to streamline their operations, and how it is bringing a new level of precision and confidence to their deals and the approval process. We believe it is setting a new standard in vehicle valuation accuracy for the car finance industry.”

For further information about Brego or to arrange a free trial, please visit www.brego.io

About Brego

Brego is a vehicle valuations and automotive data services business. Brego was established in 2019 by Philip and Simon Hunt, who combined their skills and experience in big data, data science and backend technologies to develop the most accurate high-tech vehicle valuations solution in the UK. These solutions include the Platform and API, while offering a vast range of data services to Finance Providers, Car Dealerships, Fleet and Leasing companies, Motor Insurers, and Automotive Manufacturers. Brego has always had the vision of moving industries forward with technology, with machine learning and artificial intelligence at the heart of the business. Brego was awarded an Innovate UK grant in December 2020 and recruits a team of data scientists and AI specialists, developing fresh approaches to age-old challenges.