Residual Value Consultant - NAR (contract)

Volkswagen Canada; Ajax; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Automotive Used Market Analyst to forecast market conditions and values. This role involves applying statistical modeling to develop strategies for Residual Value and conducting quantitative analyses of market trends. The ideal candidate will bring 5-7 years of automotive experience and a strong background in finance or economics. Join a forward-thinking company committed to diversity and inclusion, where your analytical skills will drive impactful decisions in the automotive sector.

Qualifications

• 5-7 years of professional automotive experience required.
• 1-3 years in Residual Value Risk Management necessary.

Responsibilities

• Forecast used market development for vehicle products.
• Calculate Residual Values for Audi and Volkswagen ranges.

Skills

Analytical thinking

Knowledge of North American automotive market

Problem solving

Statistical modeling

Communication skills (French/English/German)

Education

Bachelor's degree in Business

Master's degree in Economics

Tools

Python

SQL

Visual Basic

Job description

12 months contract

Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their D ealers, specializing in providing accessible mobility solutions for its Customers . The company’s offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition.

Role Summary:

The Automotive Used Market Analyst is responsible for assessing the current market as well as forecasting future market conditions and values. They identify the drivers and evaluate the development of these markets for Volkswagen brands the US and Canadian.

Role Responsibilities:

• Apply statistical modeling to forecast the used market development for all vehicle products, segments and the wider market. Prepare recommendations on Residual Value (RV) strategy for new and existing products that considers product specification and developing industry trends.
• Calculate RVs for all Audi and Volkswagen product ranges, including new generations and electric vehicle product. Thus supporting 250k new car lease sales annually within US and Canada.
• Conduct assessment of product specifications. Analyze all new product offerings and assess impact of new technology and pricing on future market value. Support the business in maximizing the product offering.
• Perform quantitative analysis of market trends for new and used vehicles of various ages for current and future finance products.
• Liaise with product planning and incentive managers to ensure ongoing communication and sharing of marketing strategies which could impact used market performance. Support the launch of new products and provide insight into development of current and future model years.
• Work with reporting to develop model specific proceeds, model comparisons and other ad-hoc reports related to used market performance tracking.
• Generate data for monthly bulletin communicated to dealers. Conduct bespoke analysis for individual finance deals.

Experience:

Required –

• 5 - 7 years of professional automotive experience
• 1-3 years’ experience in Residual Value Risk Management

Education:

Required –

• Bachelor’s degree in Business, Finance, Economics, Mathematics, Statistics, or related field

Desired –

• Master’s degree with a concentration in Economics, Finance or Statistics

General Skills:

• Analytical and conceptual thinking skills
• Knowledge of North American automotive and lease market
• Critical thinking skills
• Problem solving skills

Specialized Skills:

Required –

• 3 years in an Automotive position, including experience in:
  • RV, development implementation, validation and back testing, or similar
• In depth knowledge of statistical modelling and testing techniques
• Ability to explain specialist concepts to wider audience

Desired –

• Lease-end process or remarketing
• Automotive financing and new vehicle sales process
• Understanding of Python
• Understanding of SQL and Visual Basic code
• Ability to communicate both verbally and written (French / English / German)

Work Flexibility:

• Minimal travel - Some local and international

Volkswagen Financial Services is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability or any other characteristic protected by federal, or local laws. Volkswagen Financial Services is committed to accommodating applicants and employees with disabilities. Should you require an accommodation during the recruitment and selection process please advise in advance.