Exponential Exchange Launches First Tradeable Used Vehicle Index

The value of used vehicles can swing wildly depending on factors that include demand, supply and residual values and that fact has long been an issue for both large fleet owners and insurance companies, especially when values tank.

But fintech startup Exponential Exchange has jumped into the market to help mitigate that risk combining what it terms the first tradeable index for the used vehicle market and a slate of derivative products—similar to the way energy or agriculture futures markets operate.