Black Book integrates GM’s Build Data to boost valuation ‘precision’
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LAWRENCEVILLE, Ga. –
Black Book says its move to integrate General Motors’ Build Data into the company’s VIN Decode and valuations data provides more “precision of valuations” of General Motors vehicles.
By automatically accounting for optional equipment installed in the vehicle, users gain access to the precise value of a vehicle through the use of General Motors Build Data, Black Book executive vice president, operations Anil Goyal said in a news release.
“Black Book has been working to leverage innovative solutions to provide an even higher level of precision in the valuations used by industry professionals,” Goyal said.
With the new offering, vehicle lenders, auctions, fleet management companies, consumer trade-in websites, inventory appraisal applications, dealers, rental companies and others can automatically include build data in General Motors’ vehicle valuations, according to Black Book.
Black Book says build data is “as built” content in a vehicle, including optional equipment specific to a unique 17-digit VIN. The company says that with the integration of General Motors’ build data, a 17-digit VIN now provides an additional level of precision, because the system automatically adjusts any valuation for the right adds and deducts. Black Book says the automated process saves users from having to take time to manually select adds or deducts.
The company said that through its services such as History-Adjusted Valuations and Enhanced Vehicle Matching that use machine learning and big data, its data science team has improved precision by incorporating vehicle history report data and matching 17-digit VINs to a single trim and any applicable add/deducts.
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