LAWRENCEVILLE, Ga. — Used-vehicle valuation and residual value forecast solutions provider Black Book (div. Hearst Business Media) introduced its next-generation ValuEngine platform, touting a new, easy-to-navigate web interface.
ValuEngine is a real-time collateral valuation tool that was designed to allow 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, improving loss forecasting while identifying delinquencies for a more precise collections strategy, aiding in risk analysis, according to Jared Kalfus, Black Book’s senior vice president of sales.
“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,” Kalfus said. “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.”