![]() The magazine is circulation controlled, restricted to dealers and financing sources. Today, Black Book is a division of Hearst Business Media Corporation. Black Book function in the auto industry Other products include vehicle identification number (VIN) decoding software, projected residual values, inventory management tools, and lead generation applications.īlack Book data is published daily in multiple electronic formats including data feeds, internet-based applications, handheld PDAs, Web-enabled cell phones, Pocket PCs, BlackBerry and Palm devices, smart phones, Micro Browsers, online trade appraisal services, and in a variety of other custom products. New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have used Black Book since 1955.īlack Book provides values for both new and used vehicles, including cars, light trucks, and collectible vehicles produced since 1946, motorcycles, ATVs, snowmobiles, personal watercraft, and heavy duty commercial trucks and trailers. The Black Book family of vehicle appraisal guides in the United States, providing vehicle pricing data, is published by National Auto Research, a division of Hearst Communications. ( March 2015) ( Learn how and when to remove this template message) Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. ![]() Mileage Adjustment : All sales prices are adjusted for deviation of actual mileage from expected mileage for a given month.This article contains content that is written like an advertisement.Condition Adjustment : Condition of the vehicle is ascertained and included in the calculations.Once the data is prepared, the following adjustments are made to any sale: In addition to a statistical outlier detection process, the data is reviewed and annotated by automotive analysts in order to apply machine learning techniques. We use a proprietary statistical expert system in which machine learning techniques are aided by our subject matter experts – analysts with a combined 250+ years of industry experience. MethodologyĪll Black Book values are data driven. This allows us to properly identify changes in buying behavior, demand, and supply in the marketplace before any data trends emerge. We cover more than 95% of all auction sales, and we account for all available sources, not just one. Īdditionally, our survey personnel attend and report on over 65 auctions each week where they: inspect sold vehicles, record weather, attendance and other local conditions, and interact with the industry’s front line. Through proprietary relationships and agreements nationwide, Black Book receives transactional sales data from most auctions, as well as a variety of upstream auction feeds from OEMs, fleet management companies, rental car companies, lenders, dealer-to-dealer auction platforms, and more. Sales Dataīlack Book’s trade-in price is based on the most comprehensive view of the automotive market. Through the use of real-time data, powered by AutoCheck, we incorporate over 1,200 VIN specific history data elements, and adjust the value accordingly, based on our proprietary algorithm, ensuring our users incorporate all potential variables into the trade-in value. Recently, Black Book introduced a VIN specific valuation (History Adjusted Value) that considers the individual history of each vehicle, including the number of owners, vehicle usage, number of accidents and corresponding severity, title issues, flood/hail/fire damage, CPO history, and other variables that are not obvious when physically inspecting a vehicle. ![]() Our goal is to report the market with precision, in the timeliest manner possible. ![]() As an independent data guide, Black Book’s mission is to agnostically report the market, therefore we do not project a vehicle’s value, nor do we imply what the value should be rather, Black Book reports the current valuation. The published values reflect daily changes in the marketplace and are adjusted for mileage, condition history, and region. For over 60 years, Black Book’s Trade-In Values have been utilized by industry experts, including buyers, sellers, and lenders, as the Gold-Standard to accurately represent the current trade-in value of a vehicle. ![]()
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