Cincinnati, OH - Dealer Specialties, a division of Dominion Enterprises and the nation’s leading provider of data and photo collection, inventory management and data distribution services, announced that Black Book’s vehicle valuations and descriptions, a key part of its dealership management software, now will be updated on a daily basis.
“Black Book DailyTM provides a tremendous advantage for auto dealers subscribing to our Inventory Manager,” said Glen Garvin, Dealer Specialties general manager. “In today’s highly competitive environment, knowing the exact value of a vehicle each and every day can mean the difference between making a sale and making a sale for a profit.”
Tom Cross, president of Black Book, explains: “Let’s look at a concrete example: a particular vehicle, say a full sized SUV, might be worth $20,000 on Monday, but a spike in gasoline prices on Tuesday might make it worth only $19,300 by Wednesday morning. Now that Black Book updates its values daily, our editors can adjust the value of this vehicle by Wednesday afternoon, and electronically provide dealers with this fresh information almost immediately, so they don’t go into an auction Thursday relying on data that could be off by as much as $700. If an uninformed dealer buys four of these vehicles at what he mistakenly thinks is ‘book value,’ he’s looking at a $2,800 loss before he even gets back to his dealership.”
Inventory Manager 2.5, Dealer Specialties’ flagship inventory management solution, helps dealerships across the country manage and market their online vehicle inventory. Among its many features, the software allows dealers to compare vehicles within their market area, view an historical snapshot of data changes at the vehicle level, distribute inventory across the industry’s largest inventory data distribution network, and create, preview and print standard or custom window labels and FTC Buyer Guides.
About Dealer Specialties
Dealer Specialties, a division of Dominion Enterprises, is the nation’s leading provider of vehicle data collection, image generation, window labeling services and inventory management and marketing. Providing both on-the-lot services and in-house solutions, Dealer Specialties’ has the industry’s largest Internet distribution channel with more than 1,600 partners including GetAuto.com, Cars.com, eBay Motors, Overstock.com, Google Base, AutoTrader.com, The Cobalt Group, Manheim and more.
Nearly 10,000 dealerships rely on Dealer Specialties to help manage and market their vehicle inventory. Dealer Specialties is a designated supplier of certified window stickers for General Motors, Acura, Honda, Toyota and Lexus; is a Value Added Reseller for the National Automotive Dealers Association; and has built a network of more than 800 of the most knowledgeable and responsive service representatives in the USA. Dealer Specialties partners with sister companies Autobase, @utoRevenue, DataCube, DataOne Software, Dealerskins, Interactive Financial Marketing Group, SelectQu and XIGroup to provide dealerships with a more comprehensive and complete solution. For more information on Dealer Specialties, visit www.dealerspecialties.com.
For information on Dealer Specialties online vehicle research and shopping resource, GetAuto.com, go to www.getauto.com. GetAuto.com is the most frequently updated free leads online consumer resource in the industry with access to high quality photos, videos and accurate vehicle information provided by one resource.
About Dominion Enterprises
Dominion Enterprises, a division of Landmark Communications, is a leading marketing services company serving the automotive, real estate, apartment, recruitment and marine markets. The company operates a variety of businesses that offer Internet marketing, Web site design and hosting, lead generation, CRM, and data capture and distribution services. The company has more than 40 market-leading Web sites reaching more than 12.5 million unique monthly visitors, and more than 500 magazines with a weekly circulation of over 5 million. Headquartered in Norfolk, Va., the company has nearly 6,000 employees nationwide and annualized revenue of more than $946 million. For more information, visit http://www.DominionEnterprises.com.
About Black Book
Best known in the Automotive Industry for providing timely, independent, and accurate vehicle pricing data, the Black Book® family of vehicle appraisal guides (www.BlackBookUSA.com) is published by National Auto Research, a division of Hearst Business Media. New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have relied on Black Book since 1955. Black Book provides values for both new and used vehicles, including cars and light trucks produced since 1946, motorcycles, ATVs, snowmobiles, personal watercraft, and heavy duty commercial trucks and trailers. Black Book data is published daily in multiple electronic formats including data feeds, Internet-based applications, hand held PDAs, web enabled cell phones, Pocket PCs, BlackBerry and Palm devices, SmartPhones, Micro Browsers, online trade appraisal services, and in a variety of other custom products. Printed versions are also available on a weekly basis. Whether you’re buying, selling, or lending, Black Book’s mission is to provide the Automotive Industry with timely, independent, and accurate information to help make the right decisions.