Over 250 Dealerships Join NADA for DrivenIQ’s DriveBidTM Platform, Powered by Black Book | News

DriveBid, with Black Book data, helps dealers find, bid and buy vehicles directly from consumers.

TOWSON, MD., April 19, 2022 /PRNewswire-PRWeb/ — DrivenIQ, the experts in data and data technologies to help businesses better reach their ideal customers, today announced that more than 250 dealerships have signed up for the company’s new DriveBidTM platform, powered by Black Books. The DriveBid platform integrates Black Book’s VIN-specific assessment and VIN decoding data.

DriveBid is the first consumer-focused live exchange marketplace that helps dealers sell more cars while sourcing valuable inventory directly from the consumer. Black Book is known in the automotive industry for providing fast, independent and accurate vehicle analysis and pricing.

“It was great to be back at in-person events, and we’re thrilled with the success we’ve seen in Vegas at NADA, the largest convention in our industry,” said Albert Thompson, CEO of DrivenIQ. “DriveBid connects dealers who need inventory with consumers looking for the best deal for their vehicle in an easy-to-use, real-time online platform. DriveBid allows consumers to watch live auctions and simultaneously communicate with dealers to ask and answer questions, as well as explore inventory for their next vehicle purchase. Black Book data allows us to create transparency in the trade-in and purchase process. of a vehicle which, until now, has never existed.

The DriveBid marketplace allows consumers to place their vehicle in a virtual garage and receive the trade-in valuation or Black Book valuation range for their vehicle. Dealers can then bid on the vehicle or make an offer to buy. At the same time, dealers can display their inventory so consumers can purchase their next vehicle.

“Integrating Black Book data into DrivenIQ’s DriveBid platform gives dealers the data they need to grow revenue and maximize profits,” said Jared Kalfus, chairman of Black Book. “Dealers will have accurate, up-to-date data so they can more competitively bid for new inventory, make better trade offers and sell more vehicles.”

DrivenIQ is a data-driven intelligence technology company. Late last year, Capstone Technologies Group, Inc (OTC: CATG), a company that organically acquires, operates and develops disruptive technologies, acquired an initial minority stake in DrivenIQ and invested additional capital to further accelerate the company’s growth.

To register or for more information, visit DriveBid.

About DrivenIQ

DrivenIQ is an omni-data advertising technology company specializing in first-party, first-party data to help businesses better advertise to their ideal customers. The company offers a variety of services, including website traffic analysis, geozoning technologies, SMS marketing, social media solutions and DriveBidTM, a live vehicle trade-in marketplace, to help businesses and marketers to interact with their existing and potential customers. Founded by Albert Thompson, digital advertising expert and former car dealership, DrivenIQ is best known for its data solutions for the automotive industry, although it helps small, medium and large businesses in various industries. To visit http://www.driveiq.com and http://www.drivebid.com for more information.

About the black book

Black Book® is a leading provider of automotive pricing and analytics services that are delivered to qualified industry users via mobile, online and Data as a Service applications. Since 1955, Black Book has continuously evolved to ensure it achieves its goal of providing essential information to its customers, as well as the information needed to buy, sell and lend successfully. Black Book data is released daily by National Auto Research, a Hearst company and has offices in Georgia as well as Toronto, where Canadian Black Book is based. For more information, please visit BlackBook.com or call 800.554.1026

Media Contact

Jennifer LangeDrivenIQ, 1 9494603408, [email protected]