Black Book's Blog – January 2019 Archive (7)

BLACK BOOK LAUNCHES PRECISION-BASED VIN-LEVEL VALUATION TOOL USING BIG DATA AND MACHINE LEARNING

ValuEngine Now Includes Enhanced Vehicle Matching Technology

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today its ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.

Approximately 30% of VINs do not decode to a single trim…

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Added by Black Book on January 23, 2019 at 1:43pm — No Comments

Car Segments Drop More

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by Black Book on January 23, 2019 at 10:23am — 1 Comment

BLACK BOOK AND THE APPRAISAL LANE TEAM UP TO GIVE CONSUMERS THE TRADE-IN EXPERIENCE THEY REALLY WANT

New mobile platform combines market-reflective valuations with cash offers from live experts to improve the trade-in process for consumers and dealers.

According to a recent survey conducted by Black Book, consumers believe a vehicle trade-in quote that’s far from expectations remains the second-most likely reason to kill a deal. The trade-in process remains largely inefficient, which is why Black Book and The Appraisal…

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Added by Black Book on January 17, 2019 at 11:04am — No Comments

NEW BLACK BOOK WHITE PAPER HELPS LENDERS UNDERSTAND NEW CECL REQUIREMENTS

Paper Offers Actionable Steps To Leverage CECL as a Competitive Advantage

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today a new educational white paper: “Analytic-Driven Data Helps Auto Finance Lenders Mitigate Risk & Become CECL Compliant”. Click…

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Added by Black Book on January 16, 2019 at 10:20am — No Comments

Broad Declines in the Market

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Added by Black Book on January 15, 2019 at 12:15pm — No Comments

Used Vehicle Values Continue to Decline at a Faster Clip

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Added by Black Book on January 8, 2019 at 11:41am — No Comments

Black Book Used Vehicle Retention Index Shows First Decline Since May

End-Of-Year Seasonality Causes Index To Decline Ahead of Spring Selling Season

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for December (116.3), dipping slightly from the previous month (116.5). December showed the first decline in the Index dating back to May.…

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Added by Black Book on January 7, 2019 at 9:12am — No Comments