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  Technology   In Other news  04 Aug 2019  OBV official price calculator for ‘Ford Assured’

OBV official price calculator for ‘Ford Assured’

THE ASIAN AGE
Published : Aug 4, 2019, 11:10 am IST
Updated : Aug 4, 2019, 11:10 am IST

OBV will facilitate Ford for the company’s used car vertical ‘Ford Assured.’

Droom’s OBV solution will enable the company to utilize its pricing mechanism and API integration.
 Droom’s OBV solution will enable the company to utilize its pricing mechanism and API integration.

Orange Book Value, comprehensive pricing the engine provided by Droom, India’s online automobile transactional marketplace has recently been adopted by Ford India for its use car vertical ‘Ford Assured’. Droom’s OBV solution will enable the company to utilize its pricing mechanism and API integration. Using OBV Pricing certification services will thus facilitate for better-informed decision before the sale of a pre-owned Ford car. OBV has been venturing into various segments and verticals, and this alliance with Ford, India is a part of this verticalization. Further, with Droom continually evolving OBV at its recently-established AI Lab under Droom Innovations, the pricing engine is touted as the best solution for this purpose.

Owing to the various evaluation parameters, and in the absence of a statistical or scientific perspective, that the pricing of pre-owned vehicles depends on, determining their fair value has always been a difficult and hassling experience. To address this pressing concern, Droom’s Orange Book Value has emerged as one of the most effective solutions. Equipped with a distinctive methodology, OBV is essentially an arithmetic pricing engine that provides fair market value for any used vehicle in less than 10 seconds! This innovative tool leverages technologies like AI and Data Science for advanced evaluation, covering a wide spectrum of 9 automobile categories including cars, motorcycles, scooters, bicycles, and planes. With an evaluation base spanning across 24000+ products from 100+ makes, over 1000 models and 4000 variants manufactured in the last 15-16 years, OBV has emerged as a solution for individuals as well as businesses across verticals.

OBV has been rapidly adopted by consumers, auto dealers, banks and NBFCs, insurance companies, OEMs, ride and taxi aggregators, and repo companies across India and Southeast. And with the continuous developments being made at the AI Lab under Droom Innovations, technological interventions like AI and ML are being actively leveraged to evolve OBV further to enable it to manage larger data within lesser time.

Tags: droom, ford, orange book value