https://www.exponentialmarkets.com/component---src-pages-education-indices-tsx-c42062bd423ae4f23cff.js

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Percentage changes in the index reflects percentage changes in the underlying used vehicle wholesale value price levels, given a constant level of vehicle fleet composition and quality."),categories:[k]},{question:"What is the Exponential Used Electric Vehicle Index?",answer:()=>i.createElement(i.Fragment,null,i.createElement(E.E,null,"The Exponential Used Electric Vehicle Index measures the wholesale price level of the used light duty battery electric vehicles that are in operation, and inventory awaiting sale, at wholesale and retail sale locations in the United States."),i.createElement(E.E,null,"Similar to its parent, the Exponential Used Vehicle index, percentage changes in the index reflect percentage changes in the underlying used battery electric vehicle wholesale value price levels, given a constant level of vehicle fleet composition and quality")),categories:[I]},{question:"How frequently is the Exponential Used Vehicle Index value published?",answer:()=>i.createElement(E.E,null,"Index values are provided on a weekly basis and are published on Exponential Indices LLC website"," ",i.createElement("a",{href:"/solutions/indices"},"EM automotive indices")," every Thursday by 09:00 AM Eastern Time. If Thursday falls on a holiday, the index will be published the same time on the following business day."),categories:[k]},{question:"What is the start date for the Exponential Used Vehicle Index?",answer:()=>i.createElement(E.E,null,"The index base date is January 1, 2020, with a starting index value of 100."),categories:[k]},{question:"What is the source of data for the Exponential Used Vehicle Index ?",answer:()=>i.createElement(E.E,null,"Data for the index is sourced primarily through the National Auto Auction Association (NAAA) AuctionNet data. AuctionNet provides the most comprehensive source of used vehicle wholesale data in the United States, representing approximately 80% of U.S. auction transactions."),categories:[k]},{question:"Who calculates and publishes the Exponential Used Vehicle Index?",answer:()=>i.createElement(E.E,null,"On behalf of Exponential Indices LLC, Solactive is the index agent that performs the index calculation and publishes the index. Solactive is an industry leading, Germany based, index agent that provides index development, calculation, and administration services for over six thousand indices. More information on Solactive is available at:"," ",i.createElement("a",{href:"https://solactive.com"},"https:/solactive.com"),". In addition to being accessible on Solactive’s website, the index will be published with relevant supplemental information on"," ",i.createElement(a.Link,{to:"/solutions/indices/"},"Exponential Indices LLC website"),"."),categories:[k]},{question:"What type of vehicle segments does the Exponential Used Vehicle Index include?",answer:()=>i.createElement(E.E,null,"The Exponential Used Vehicle Index is a market composite index that includes all light duty vehicle segments (Class 1 & Class 2 vehicles as defined by the US Department of transportation) that have been sold at major auction houses during a specified calculation period. 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Exponential Markets designs and lists novel derivative products for trading through its partner ecosystem."),i.createElement(E.E,null,"The Exponential Used Vehicle Index is governed by an Index Governance Committee that provides oversight and recommendations on all aspects of index management and governance. The committee is composed of independent representatives who are subject matter experts on index development, market mani

1pulation, in addition to representatives from Exponential Market's management and membership.")),categories:[k]},{question:"How is the Exponential Used Vehicle Index calculated?",answer:()=>i.createElement(E.E,null,"The index is calculated employing advanced hedonic techniques along with machine learning algorithms that allow processing vast amounts of multifaceted vehicle data. The use of hedonic techniques allows bundling differences in vehicle make, model, trim levels etc. to assess the data as a homogenous data source to arrive at current estimated pricing values. A complete index methodology is available"," ",i.createElement(a.Link,{to:"/solutions/indices/"},"here"),"."),categories:[k]},{question:"How is the Exponential Used Vehicle Index used?",answer:()=>i.createElement(i.Fragment,null,i.createElement(E.E,null,"The Exponential Used Vehicle Index is designed to provide accurate and reliable wholesale price levels for the used vehicle market on a weekly basis so fleet owners, automotive lease and loan portfolios, and other industry participants can better understand and manage their exposure resulting from used vehicle value volatility and market trends."),i.createElement(E.E,null,"In addition, since the Exponential Used Vehicle Index was created for tradeability, the index can be used for settlement purposes for Over-the-Counter (OTC) forward and options contracts, as an underlying for cash settled index derivative contracts and exchange-traded funds (ETFs).")),categories:[k]},{question:"Is the Exponential Used Vehicle Index available on mainstream data vendors like Bloomberg?",answer:()=>i.createElement(E.E,null,"Exponential’s Index is listed on Bloomberg (ticker: AUTO Index) in addition to other financial data and analytics platforms such as Morningstar and FactSet."),categories:[k]},{question:"Who do I contact to license the Exponential Used Vehicle Index?",answer:()=>i.createElement(E.E,null,"Inquiries regarding licensing the index should be directed to"," ",i.createElement("a",{href:"mailto:[email protected]"},"[email protected]"),"."),categories:[k]},{question:"Who do I contact for media related queries on the Exponential Used Vehicle Index?",answer:()=>i.createElement(E.E,null,"Media related queries on the index should be directed to"," ",i.createElement("a",{href:"mailto:[email protected]"},"[email protected]"),"."),categories:[k]},{question:"What is the source of data for the Exponential Used Vehicle Index ?",answer:()=>i.createElement(E.E,null,"Data for the index is sourced primarily through the National Auto Auction Association (NAAA) AuctionNet data. AuctionNet provides the most comprehensive source of used vehicle wholesale data in the United States, representing approximately 80% of U.S. auction transactions. Data specific to electric vehicles from the aggregate Auctionnet data is used to calculate the Exponential Used Electric Index."),categories:[I]},{question:"Who calculates and publishes the Exponential Used Electric Vehicle Index? ",answer:()=>i.createElement(E.E,null,"Exponential Indices serves as both the index administrator and calculation and distribution agent for the EV index. The Exponential Used Vehicle Index is governed by an Index Governance Committee that provides oversight and recommendations on all aspects of index management and governance. The committee is composed of independent representatives who are subject matter experts on index development, market manipulation, in addition to representatives from Exponential Exchange’s management and membership"),categories:[I]},{question:"What type of vehicle segments does the Exponential Used Electric Vehicle Index include?",answer:()=>i.createElement(E.E,null,"The Exponential Used Electric Vehicle Index is a market composite index that includes all light duty battery electric vehicle segments (Class 1 & Class 2 vehicles as defined by the US Department of transportation) that have been sold at major auction houses during a specified calculation period. The segments included are battery electric cars, pickup trucks, SUV, and minivans."),categories:[I]},{question:"How do I interpret the Exponential Used Electric Vehicle Index?",answer:()=>i.createElement(E.E,null,"The index is designed to be highly correlated with the value of battery electric vehicles in the wholesale auction market, such as would be found in the automotive portfolios of rental car companies, financial institutions, and corporate and government fleets, so that any percentage change in the index translates to a similar movement in the underlying value of the fleet. As an example, if the index increases 1% week over week, then the aggregate underlying value of all electric vehicles in a diversified rental company’s fleet, or diversified leasing company’s portfolio, have also increased approximately 1%, provided that the composition is kept constant in terms of age and mileage."),categories:[I]},{question:"Is there sufficient data on electric vehicles to compute the Exponential Used Electric Vehicle Index? What measures do you take to manage insufficient data?",answer:()=>i.createElement(E.E,null,"Through back tested numerical investigation based on a bootstrap technique, we have found that with current BEV volumes, the 1-week changes in the Exponential Electric Vehicle Index are sensitive to relative movements of less than half a percent and the 3-month changes are dominated by market signal rather than statistical noise. Our use of a hedonic model trained on a complete marketplace also allows us to make more efficient use of even low volume data. Our robust governance structure also provides us with the ability to respond to emergent situations that may affect volume, and any measures taken will be posted on the ",i.createElement(a.Link,{to:"/solutions/indices/"},"website"),"."),categories:[I]},{question:"How is the Exponential Used Electric Vehicle Index calculated?",answer:()=>i.createElement(E.E,null,"Just like its parent Exponential Used Vehicle Index, the EEV index is calculated employing advanced hedonic techniques along with machine learning algorithms that allow processing vast amounts of multifaceted vehicle data. The use of hedonic techniques allows bundling differences in vehicle make, model, trim levels etc. to assess the data as a homogenous data source to arrive at current estimated pricing values. 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