Automotive Professionals Gain Access To Precise Vehicle Values on Cars, Trucks, Specialty Vehicles

Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, today announced that its valuation data and specialty vehicle insights are integrated with Inovatec, a provider of industry leading lending platform.

Under the agreement, Inovatec clients and partners will gain access to Black Book’s History Adjusted Valuations (HAV), as well as valuation data covering Powersports, Heavy-Duty Trucks, CPI, and RV/Camper vehicles throughout the U.S.

History-Adjusted Valuations are a VIN-specific, analytics-driven resource that delivers Black Book’s most precise vehicle valuations, helping automotive professionals determine the impact a vehicle’s history has on its value. Inovatec is leveraging Black Book’s HAV for its loan origination system, whereby clients and partners will have access to precise valuations as a way to flag undesirable deals at origination or prior to acquisition; improve advance amounts to minimize future loss severity; prevent dealer fraud; pinpoint active loans in collections and servicing; and set floors more accurately during remarketing.

Even with the use of vehicle history reports, automotive professionals are still reliant on making an unscientific, educated guess as to the impact a vehicle’s history has on its value, which often leads to mistakes in the valuation process. HAV helps automotive professionals remove the guesswork involved by providing access to a more precise value on each individual vehicle.

“We’re pleased to be able to announce this partnership with Black Book, and we know they provide precise values on cars, trucks and specialty vehicles since we have been leveraging their data in the Canadian market for some time now,” said Vladimir Kovacevic, Managing Partner and CTO at Inovatec. “For our clients, having access to the most precise valuation data possible is important in maximizing solid profit potential on each and every deal, as well as ensuring we help minimize risk against future loss severity in loan environments.”

“In today’s margin-intensive automotive market, it’s important to have access to vehicle values that go beyond the standard make, model and trim level,” said Jared Kalfus, Executive Vice President, Revenue at Black Book. “Understanding each individual vehicle’s unique valuation with exact historical performance helps Inovatec clients gain a significant competitive advantage, and can help minimize risk exposure when evaluating loan portfolios.”

About Inovatec

Inovatec offers an end-to-end lending platoform used globaly by lenders, brokers and dealers to drive a highly optimized and streamlined lending process within automotive, equipment and consumer lending verticals. Cotinuous innovation, business expertiese and customer focus have been the key differentiators for Inovatec and continue to be main areas of focus. With a complete suite of products ranging from multi lender origination platform to loan origination system and loan management system, Inovatec is able to offer solutions that meet any requirements. For more information, please visit or call 855.240.3691. 


About Black Book

Black Book® is best known in the automotive industry for providing timely, independent and precise vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. Since 1955 Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visit or call 800.554.1026.

Views: 20


You need to be a member of to add comments!


Latest Activity

Rob Gehring posted a blog post
1 hour ago
Jim Flint posted a blog post
3 hours ago
Black Book posted a blog post

Mainstream Sedans and Vans Show a Lift in Values

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car…See More
3 hours ago
Damian Boudreaux posted a blog post
4 hours ago
Sally Whitesell's blog post was featured
20 hours ago
Brett Sutherlin posted a video
Reynalda Lor posted a discussion

TriboTEX Oil Additive is right to increase engine life?

Greetings!I recently bought a few vehicles from the dealer-only car auction and flipping them to…See More
Walter McNulty posted a status
"Wow what a week we did so well in Hickory they extended our contract for additional time. We still have Charlotte starting tomorrow."
Sally Whitesell posted a blog post
Eric Damiani posted a blog post


Cargurus, I have notice that because Carvana will provide free delivery to many area, they now show…See More
Bill Wittenmyer posted a video

Freebie Friday: How Do You Stay Motivated?

Bill Wittenmyer shares tips on how dealership personnel can stay motivated in this edition of Freebie Friday.
Andy Church posted a video

Profit By Action Quick Tip: Importance of Up To Date Warranties & Recalls

Andy Church shares why keeping up with warranties and recalls can increase profitability in this Quick Tip.
Scot Eisenfelder posted a video

Razor & Razor Blade Models for Dealerships: Part 1

Affinitiv CEO & Executive Chairman Scot Eisenfelder shares why dealerships should pay attention to the razor and razor blade models for their stores.
Jim Flint posted a blog post
Yogesh Sashi posted blog posts
Asad Shoaib posted a blog post

The Importance of Vehicle Electrical System Repair

The severity of the issue with your vehicle electrical system is dependent on the root causes and…See More
Ryan Holman posted a blog post

Let’s Know The Benefit Of Window Tint Films For Cars

Global warming has become a matter of concern nowadays. It has been showing its impact on the…See More
Profile Icon via Twitter
RT @womendrivers: Wow! 76% of women nationally rated their dealership's website '3 out of 5' stars. How can your website be improved to rep…
TwitterFriday · Reply · Retweet
Walter McNulty posted a video


Big Event North Carolina
Walter McNulty posted a status
"Having a great event in North Carolina."

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service