Since launching the new version of the IronGuides Comparables tool nearly two years ago, we’ve continued refining it to deliver a more robust and accurate valuation experience. The updated tool offers enhanced insights into dealer-sold, auction, and advertised data, with the added ability to perform true comparisons based on machine options.
What’s Different?
- Similarity Score: Evaluates how closely each comparable matches your appraised equipment by model year and the value of selected options.
- Enhanced Filtering Capabilities:
- Date Range: Filter transactions from the past 365 days down to the last 30 days.
- Usage Hours: Set minimum and maximum usage thresholds.
- Options: Compare equipment with matching features—option descriptions are now normalized to align with those in the appraisal. (Not available in the Advertised tab)
- Region: Filter results by any of the 7 official guide regions.
- Model Year: Set a minimum and maximum year range.
- Sold Reports: If you’re a reporting dealer, you can choose to view only your sold data or compare it against all other dealer-sold data. (Not available in the Advertised tab)
- Interactive Scatter Chart Visualization:
- Displays the appraised value of your machine in relation to comparable data points.
- Hover over individual data points to view detailed information about each comparable.
- Update the data points and axis scales based on your selected filters, ensuring the chart reflects only the most relevant data for your analysis.
- Summary Tab: High/Low/Average Insights: The fourth tab in the tool provides a summary view displaying the high, low, and average values based on the comps you’ve selected across sold, auction, and advertised data. This feature offers a quick snapshot of market trends, helping you better understand where your appraised equipment stands in relation to current market activity.
- Data Summary Metrics Across All Tabs:
- Total Data Points: The overall number of comps available before filtering.
- Filtered Data Points: The number of comps that meet your applied filter criteria.
- Filtered Average: The average value of the filtered data set.
- Selected Average: The average value based on the specific comps you have manually selected.
For any questions, please contact your sales representative or send an email to [email protected].