Black Book has signed a partnership deal with DRIVIN to be the exclusive vehicle valuation provider for the company’s proprietary inventory trading platform.

Also, under the partnership announced Monday, Black Book will power the vehicle valuation function of DRIVIN Insights. That tool, which is currently being piloted, allows dealers to take 100 million data points and turn them “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 dealer partners can tap into the Insights tool without paying a subscription fee.

Other pieces of the partnership include the following: Black Book is integrating the DRIVIN Buy Confidence and negotiated inventory widgets into their Black Book Digital mobile application; Black Book and DRIVIN will collaborate on creating data-based insights and used-car trend reports to share with dealer partners.

“DRIVIN is disrupting the used-car industry by offering dealers a better way to source, acquire and receive the right, quality inventory for their lot,” said Black Book’s Jared Kalfus, senior vice president of sales. “We are excited by this long-term partnership and look forward to being their exclusive partner for valuation services, while offering our dealers access to DRIVIN’s pre-negotiated inventory and premier sourcing service via our Black Book Digital mobile app. DRIVIN helps dealers rethink their sourcing strategy and stock the right used cars for their lot based on consumer demand, local market analysis and profit margins.”

DRIVIN chief executive officer Kayne Grau said:  “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

“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,” he said.