We have long recognised the importance of timeliness as well as accuracy, breadth and depth. “Real-time access to dynamic business-critical data is not a new experience for CAP customers. Black Book Live offers genuine insight into those subtleties in a way which will enable dealers to improve their profit per unit and fleet disposers to maximise their returns. This can amount to several hundred pounds.
“Analysis of ‘real world’ trading conditions reveals that even where values change little on a month to month basis, the real time dynamic of the market can see variations in values of several percentage points at different stages in a given month. The elephant in the room for the traditional monthly guides is that they are inevitably out of date as soon as the market moves in either direction and Black Book Live solves that problem. This has been enabled by new database systems and more efficient processes introduced to create Black Book Live.ĬAP Chief Editor Chris Crow said: “We have introduced Black Book Live because today’s market demands the most accurate and timely valuation information possible. However, accuracy and relevance will be enhanced for monthly Black Book customers due to a later production deadline. The monthly version of Black Book continues in all its current formats. As soon as an editor is satisfied that sufficient evidence is available to justify a price alteration, the new value is published – together with a brief editorial commentary explaining the rationale behind the price change.
This granular focus on the market will enable CAP’s editors to maintain the greatest possible accuracy.
It will help car retailers and traders to improve profit per unit and enable fleet disposers to fine tune de-fleet activity to potentially maximise returns.īlack Book Live is researched by a team of expert editors, each specialising in their own vehicle sectors. CAP HAS LAUNCHED Black Book Live, the first fully researched independent used car valuation system to publish trade price changes as soon as they are identified.īlack Book Live solves the problem of uncertainty around changes in vehicle values between the publication dates of a ‘traditional’ monthly price guide.ĬAP believes this will enable Black Book Live users to be more confident in their trading decisions on a day to day basis and remove the ‘wait and see’ caution that can emerge several days before publication of a monthly guide.
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