Enhanced Vehicle Matching and CBB Retail Market Insights debut at NADA.
Canadian Black Book (CBB) announced the launch of two Canadian auto industry data services at this year’s NADA Show in Las Vegas: Enhanced Vehicle Matching (EVM)—a VIN decoding technology, and CBB Retail Market Insights—a live in-depth view of active and sold vehicle listing from across Canada.
“For nearly 60 years we’ve been known as Canada’s trusted source for accurate vehicle values and data, which is a designation that we have earned,” says Yolanda Biswah, Vice President of Sales, Data Licensing, Canadian Black Book. “But we can’t just say that, we have to continually innovate, respond to needs, seek opportunities, and push technology to prove that our data services are the most accurate and effective.”
EVM uses artificial intelligence and big data to analyze hundreds of thousands of records daily, from numerous data sources, to match 17 digit VINs to a single trim level. This improves valuation precision, compared to current VIN decoding techniques
CBB Retail Market Insights allows financial service agencies to instantly view data on both active and sold listings at the trim or model level, to a specific geographic area. The technology provides market intelligence on top vehicles sold, days-to-turn, market days’ supply; minimum, maximum, mean and median price and mileage, among many other outputs.