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BLACK BOOK DELIVERS PRECISE VALUATION DATA TO AUTOALERT SOFTWARE

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today it has signed a partnership agreement with AutoAlert, the industry’s top data-mining and communication solution.

Under the agreement, Black Book will populate AutoAlert’s algorithms with the industry’s most accurate vehicle values, giving dealers precise pull-ahead and sales opportunities.

AutoAlert has long been a leader in dealer solutions for identifying high-quality sales opportunities, increasing gross margins, and improving customer retention. With Black Book as its valuation partner, dealers will be able to maximize sales opportunities and profit potential in a variety of environments, such as trade valuations as well as during service and repair visits.

“Today’s dealership environment requires resources and partners that are trusted by automotive professionals, particularly in an effort to grow their business and maximize sales potential,” said Meg Stapleton, General Manager and Executive Vice President of AutoAlert. “With the addition of Black Book, our dealer customers will have access to the industry’s most accurate vehicle valuation data, which can make a significant difference in elevating profit potential.”

“Data and equity mining are practices that are not necessarily new to the automotive world, but recently have become even more critical as dealers continue to find ways to maximize profits in light of a sales environment that has begun to plateau,” said Jared Kalfus, Senior Vice President of Black Book. “As such, dealers need the most accurate vehicle valuation data in order to effectively leverage all data practices, and we’re proud to know they can rely on Black Book to put them in the best possible position.”

About AutoAlert

AutoAlert was founded in 2002 and is the creator of the automotive industry's leading data-mining and trade-cycle management platform and other revolutionary software solutions. Its patented technology bridges the communication gap between a dealership’s management, employees, and customers, creating an improved sales experience while increasing sales and gross margin. For more information, contact Kyle Warner, Vice President of Business Development, at kyle.warner@autoalert.com or 949-398-7020, or visit www.autoalert.com.

About Black Book

Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland as well as the Canadian Black Book in Toronto. For more information, please visitBlackBook.com or call 800.554.1026.

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