Carpraze partners with Canadian Black Book, plans US expansion

In order to maximize appraisal efficiency with accurate used car data, Carpraze, a used car appraisal and wholesaling platform, has partnered with Canadian Black Book (CBB), to “strengthen its software with Canada’s best-known source for valuation and listing data.”  The Carpraze system is intended to enable OEMs, individual dealers, dealer groups, wholesale buyers, service advisors, and consumers to access appraisals backed by Canadian valuation data.

“We are a dealer-first solution,” said Robert Wissenz, Co-Founder at Carpraze. “Our goal is to provide the simplest and most accurate appraisal tool and to allow dealers to efficiently acquire the inventory they need, while cutting administrative load. Canadian Black Book valuations and retail listing data help power our tool by providing the best available data to achieve that goal.”

Carpraze has been designed to combat three growing trends the auto sector is battling: low supply, dwindling margins, and challenging customer engagement.

“CBB valuation data and analytics stand alone in the Canadian automotive marketplace. We strive to align with best-in-class technology solutions to put our insights to work, helping dealers operate more profitably,” says Yolanda Biswah, Senior Vice President, and General Manager at Canadian Black Book.

Carpraze is focusing initially on the Canadian market to refine the platform, however, they have imminent plans to shift some sales focus into the US.  With $420 Million of automotive appraisal values provided to its clients so far, the company expects to triple its dealer client base by the end of 2022.

Said Robert Wissenz, “Simply put, we arm our clients with the highest quality tools and data to win more used cars. We all know how important that is to dealers today.”

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