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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 average price of a used vehicle for model years 2011-15 increased in value by 0.4 percent in April, according to Black Book.
    Cars overall saw an increase in value by 0.7 percent versus trucks, which saw a 0.3 percent increase. All vehicles are averaging a 12-month depreciation change of 16.9 percent.
    In April, sporty cars performed the strongest, increasing their value by 1.8 percent. Vehicles in this segment finished April with an average price of $13,355.
    Only six vehicle segments depreciated in value in April: premium sporty cars, compact vans, full-size luxury CUV/SUV, full-size vans, subcompact crossovers and subcompact luxury CUVs. Of those vehicle categories, the full-size luxury CUV/SUV segment saw the most depreciation declining in value by 0.5 percent.

  • Black Book Sees Cars Grow Stronger

    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.

    Particularly among car segments, the month of April saw stronger-than-average vehicle value retention compared to the last few years.

    Conversely, on the truck side, compact crossovers are beginning to see accelerated depreciation over the last several weeks.


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    NsightLive also offers a Hispanic certification program, available to dealers looking to increase engagement levels with Hispanic-speaking shoppers by creating content experiences specific to their local market, offerings include credit, trade, dealer reviews, and community events and dealer involvement within the local Hispanic community.
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