Black Book has entered a collaborative partnership with DRIVIN to deliver real value to their extensive network of over 10,000 active dealerships, according to the firm.
Black Book will be the exclusive vehicle valuation service provider to DRIVIN’s proprietary, inventory trading platform that analyzes over two million VINs every day to source, acquire and deliver the right used vehicles to their dealer partners. Additionally, Black Book will power the vehicle valuation service of DRIVIN Insights, a first-of-its-kind dealer tool that turns 100M data points into actionable stories for a dealer’s lot and local market, based on consumer shopping trends, local market supply/demand, optimal inventory levels, and unique dealer behavior. DRIVIN Insights is currently in pilot and available to DRIVIN dealer partners without a subscription fee.
As part of the collective agreement, Black Book will integrate DRIVIN’s Buy Confidence and negotiated inventory widgets into their Black Book Digital mobile application, giving their network of 10,000+ active dealers access to retail-ready inventory nationwide. Finally, Black Book and DRIVIN will partner to produce data-driven learnings and used-car trend reports available to dealer partners.
Black Book’s vehicle values are an industry standard by dealers and consumers alike when pricing used cars. The company is respected not only for the accuracy of its values, but also the time-tested methodology around how data is collected and reported. Creating actionable stories through data is a key part of DRIVIN’s value proposition, and DRIVIN’s data science team will leverage Black Book’s trusted information to create regular used-car trends and analysis to educate and help dealers make smarter buying decisions and optimize their lot when requested.
“We are proud to join forces with Black Book, a leader in the automotive industry. Using their data and standardizing vehicle valuations across our suite of products, including Insights and Marketplace, will help us better serve the needs of our current and future dealer partners,” said Kayne Grau, CEO of DRIVIN. “Additionally, we are excited to integrate our Buy Confidence and negotiated inventory widgets into the Black Book mobile app, expanding our reach and delivering real value to their dealer network with expanded nationwide access and efficient sourcing.”