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Black Book Updates Valuation Tool

Black Book Updates Valuation Tool Featured

Black Book introduced its next generation ValuEngine platform with a new 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.
ValuEngine values 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.

Last modified on Wednesday, 17 May 2017 21:11
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    The latest Used Vehicle Retention Index from Black Book showed a slight uptick to 113.1 for April from 113 in March.

    The Black Book Used Vehicle Retention Index is calculated using Black Book’s published wholesale average value on two- to six-year-old used vehicles, as a percent of original typically equipped MSRP. The index offers an accurate, unbiased view of the strength of today’s used wholesale market values.

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