Black Book announced Thursday it has partnered with AutoAlert to populate the data-mining and communication solution’s algorithms with its vehicle valuation data.

“With the addition of Black Book, our dealer customers will have access to the industry’s most accurate vehicle valuation data, which can make a significant difference in elevating profit potential,"  AutoAlert general manager and executive vice president Meg Stapleton said in a news release. “Today’s dealership environment requires resources and partners that are trusted by automotive professionals, particularly in an effort to grow their business and maximize sales potential.”

With Black Book as its valuation partner, dealers using AutoAlert can maximize sales opportunities and profit potential when making trade valuations as well as during service and repair visits, the company said.

“Data and equity mining are practices that are not necessarily new to the automotive world, but recently have become even more critical as dealers continue to find ways to maximize profits in light of a sales environment that has begun to plateau,” said Jared Kalfus, senior vice president of Black Book. “As such, dealers need the most accurate vehicle valuation data in order to effectively leverage all data practices, and we’re proud to know they can rely on Black Book to put them in the best possible position.”