Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation, residual value forecast, and advanced custom data analytics solutions, today introduced its next generation ValuEngine platform with a new, easy-to-navigate web interface. ValuEngine is a real-time collateral valuation tool allowing automotive industry professionals, lenders, OEMs, and dealers the ability to value their entire portfolio through a secure, on-demand, self-service platform.
With ValuEngine, automotive industry professionals can react quickly to market changes by valuing a portfolio’s historical, current and projected residual values on any collateral, down to the specific trim level. By utilizing ValuEngine, users can improve loss forecasting while also identifying delinquencies for a more precise collections strategy, aiding in risk analysis.
Especially in today’s market, with razor-thin margins and price fluctuations occurring frequently, ValuEngine helps automotive industry professionals and lenders determine how the LTVs in a given portfolio change over time. In addition, ValuEngine has the ability to process files on-demand or through its advanced scheduling capability, allowing for greater flexibility.
“In today’s highly competitive automotive market, having an accurate view of your portfolio is essential. By utilizing ValuEngine’s batch processing, users can run millions of VINs in a single job,” said Jared Kalfus, SVP of Sales at Black Book. “Industry professionals want to know how all VIN specific data points and valuations impact their portfolio profit potential and risk levels, and ValuEngine delivers each of these in a comprehensive, easy-to-use platform.”
About Black Book
Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit BlackBook.com or call 800.554.1026.