Salvage recovery values your actuaries can audit.
The salvage recovery estimate sits inside every total-loss threshold decision and every reserve. Residual models realized hammer prices from hundreds of thousands of auction outcomes — and publishes its error distribution instead of asking you to take a vendor's word for it.
What makes it usable in a reserving workflow
- Measured, segment-level reliability. Error by price band, damage type, title brand, and auction house — each with sample sizes and evaluation windows, regenerated weekly on a forward-in-time holdout. The weak segments are published, not averaged away.
- Calibration as a first-class metric. When we state an 80% range, the published coverage number shows how often the realized price actually fell inside it.
- Model versioning and audit trail. Every estimate is logged with its inputs and model version; versioned endpoints mean your integration doesn't silently change under you.
Current status
The hammer-price model is in production validation, with the public accuracy page publishing once its rolling holdout spans a full two months of realized sales. If measured salvage-recovery accuracy is relevant to your total-loss or reserving workflow, we're glad to share the methodology and current holdout results directly: info@residualauto.com.