For further
information contact:
Eric Lawrence
(770) 533-5332
ELawrence@BlackBookUSA.com
October 12, 2009
DealerTrack Upgrades “BookOut for
Lenders” with
Weekly Updated Values Provided by Black
Book
Gainesville, GA - Black Book,
best known in the Automotive and Finance Industries for providing timely,
independent, and accurate vehicle pricing data, is pleased to announce that its
used vehicle values will be available to users of DealerTrack’s recently
introduced “BookOut for Lenders” software application. The values, available as weekly or monthly
updates, will be automatically integrated
within the credit application system, helping streamline the used vehicle
buying, selling, and financing process.
Tom Cross, president of Black
Book, commented: “We are very excited
about expanding our relationship with DealerTrack, and the timing is perfect,
as more and more lenders are now using Black Book values in their loan
origination process. We have been providing
timely, accurate, and independently derived used vehicle values to dealers and
financial institutions since 1955, and we are committed to staying on the
cutting edge of new and innovative technology.
It is crucial in today’s economic environment that lenders have instant
access to accurate, real world collateral values to ensure that their
origination, risk, and remarketing strategies remain aligned.”
Robert Granados, vice
president and general manager of DealerTrack, added: “Integrating Black Book
values into “BookOut for Lenders” gives our customers unprecedented access
to accurate and up-to-date used vehicle values. We are committed to providing them with the tools and information
they need to capture, control, and convert every sales opportunity, and using
the correct value is vital to their success.
The used vehicle market is very volatile, and can change dramatically in
a matter of days. The weekly updates
provided by Black Book will ensure that both dealers and lenders have easy
electronic access to accurate vehicle values on a timely basis.”
About Black Book
Best known in the Automotive
Industry for providing timely, independent, and accurate vehicle pricing data,
the Black Book® family of vehicle appraisal guides (www.BlackBookUSA.com)
is published by National Auto Research, a division of Hearst Business
Media. New and used car dealers,
lenders, manufacturers, fleet remarketers, and government agencies have relied
on Black Book since 1955. Black Book
provides values for both new and used vehicles, including cars and light trucks
produced since 1946, collectible and exotic vehicles, motorcycles, ATVs,
snowmobiles, personal watercraft, and heavy duty commercial trucks and
trailers. Black Book data is published daily in multiple electronic
formats including data feeds, Internet-based applications, hand held PDAs, web
enabled cell phones, Pocket PCs, BlackBerry and Palm devices, SmartPhones,
Micro Browsers, online trade appraisal services, and in a variety of other
custom products. Printed versions are
also available on a weekly basis.
Whether you’re buying, selling, or lending, Black Book’s mission is to
provide the Automotive Industry with timely,
independent, and accurate information to help make the
right decisions.