Black Book Expands Residual Value Info

By Staff Writer April 22, 2021

Black Book’s VIN-specific History-Adjusted Valuations are now available for residual values in the company’s self-service batch processing platform, ValuEngine, as well as their API. 

History Adjusted Valuations have already been available in wholesale, retail, trade-in, current, and historical values. The incorporation of History Adjusted Valuations into Black Book’s residual values provides customers with the ability to get VIN-specific at a residual level, which is an industry first. 

“One- to 72-month projections with History Adjustments are immediately available in our ValuEngine product, and Web API,” said Kyle Luck, vice president of product management & software development. 

Black Book residual values are based on wholesale values and go through an editorial process as well as statistical modelling. The incorporation of History Adjusted Valuations into the process gives a never-before-seen level of precision. 

“Residual forecasts are used in lease portfolio valuations to estimate depreciation expenses or assess reserve levels, forecast gains or losses, benchmark and trend analyses, and most importantly, to help our clients manage credit and residual risk,” said Jared Kalfus, EVP of Revenue. “This level of precision will give our customers a significant advantage over their competition.” 

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Last modified on Friday, 23 April 2021 13:42