Company Provides Industry-Leading Floorplan Technology to Independent Dealers
Lawrenceville, GA (February 8, 2020) – Black Book, known in the automotive industry for providing timely, independent and precise vehicle pricing and analytics, today announced the integration of its enhanced values into the Kinetic Advantage (“Kinetic”) platform.
“Black Book’s History Adjusted Valuations allows Kinetic to add vehicles to dealers’ floorplans based on the actual VIN specific value,” said Jared Kalfus, EVP, Revenue for Black Book. “That data, combined with our Enhanced Vehicle Matching, provides dealers with the fastest, most accurate vehicle valuation information to effectively manage their floorplan.”
Kinetic, a newly-formed auto floorplan financing company, strives to provide simple, innovative solutions that dealers need to grow throughout their journey. Kinetic’s transparent, easy to understand floorplan structure utilizes flexible terms of up to 180 days, painless audits, and an eContracting process to deliver a dealer-focused innovative system to meet the industry’s needs. The process of flooring a vehicle is core to the Kinetic dealer experience.
“We are extremely pleased with the product as well as the team at Black Book. They have taken their business to a new level with Enhanced VIN Matching & History Adjusted Value,” said Garrett Jorewicz, Vice President of Partner Experience at Kinetic Advantage. “History Adjusted Value has been amazing and it allows us to confidently meet the individual needs of our dealer partner by providing highly accurate valuations on an individual vehicle level. These are the tools we need to be a smart lender, enabling us to provide better service to our dealer partners.”