![]() ![]() Black Book’s data allows us to create transparency in the trade-in and vehicle purchasing process that until now, has never existed.”ĭrivenIQ is a data-driven intelligence technology firm. DriveBid empowers consumers to watch live bidding and simultaneously communicate with dealers to ask and answer questions, as well as to explore inventory for their next vehicle purchase. “DriveBid connects dealers who need inventory with consumers who are looking for the best offer for their vehicle in a real-time, easy-to-use online platform. “It was great to be back to in-person events, and we’re thrilled with the success that we saw in Las Vegas at NADA, our industry’s largest convention,” said Albert Thompson, CEO of DrivenIQ. At the same time, dealers can display their inventory and enable it to be shopped by consumers. ![]() Dealers can then bid on the vehicle or make a purchase offer. The DriveBid marketplace allows consumers to place their vehicle into a virtual garage and receive Black Book’s trade-in valuation or valuation range for their vehicle. “Dealers will have up-to-date, precise data so that they can more competitively bid for new inventory, make more desirable trade offers and sell more vehicles.” “Integrating Black Book’s data into DrivenIQ’s DriveBid platform provides dealers with the data they need to increase their revenue and maximize their profit,” said Jared Kalfus, President of Black Book. At NADA, DriveBid signed over 250 dealers onto their new platform. Kelley Blue Book receives real-world used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and private party transactions.DriveBid, with Black Book data, helps dealers find, bid and buy vehicles direct from consumers.ĬHARLOTTE, N.C., Ap(GLOBE NEWSWIRE) - Capstone Technologies Group, Inc (OTC: CATG) a company that acquires, operates and organically develops disruptive technologies, today provided an update with respect to its minority interest in data technology and media company, DrivenIQ.īlack Book has announced the integration of its VIN-specific valuation and VIN Decoding data into DrivenIQ’s new DriveBid™ platform.ĭriveBid, the first consumer-driven Live Trade-in Marketplace, helps dealers sell more cars while sourcing valuable inventory direct from the consumer. How Kelley Blue Book Determines Car Values
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