Canadian Black Book Selected as Data Provider Powering Carbeeza Consumer Automotive Market Place

August 24 2021
CBB

Canadian
Black Book, Canada’s authority on vehicle values and VIN decoding, has been
chosen by Carbeeza to integrate its trade-in and wholesale data for the new
platform’s loan appraisals.

Carbeeza (TSXV: AUTO), who recently went public on the TSX Venture Exchange, is currently operating the platform on a ‘first look’ phase and actively signing up Canadian auto dealers for the new consumer automotive marketplace.

Carbeeza is software that leverages AI technology to connect
dealers with consumers through inventory listings and automated, best consumer
financing predictions. For Carbeeza to work consumers will input a few
non-personal/identifiable points of information and be served with listings
that fit the finance options they qualify for.

“Carbeeza was built to make car buying easier for consumers
and more efficient for dealers,” says Sandro Torrieri, CEO at Carbeeza. “We all
know buyers dislike the auto purchase & financing process. Carbeeza’s AI allows
consumers to pre-educate themselves on their financing opportunities & be
able to understand their trade in value utilizing the industry’s most accurate data
from Canadian Black Book. Consumers utilizing Carbeeza can choose their best
vehicle, their best financing, trade in & negotiate with the dealer for the
final price. All the consumer has do is take a test drive, and take their
purchase home.” All of this is at no cost and is ad free for the consumer.

For dealers Carbeeza offers consumers that are ready to
purchase a vehicle and for dealers to participate with Carbeeza all they have
to do is provide their inventory to Carbeeza & then sit back while vetted customers
walk through their door.

“Canadian Black Book continues to attract the most innovative
partners who offer the auto industry the latest business tools to streamline
operations. Carbeeza is the latest example of that type of partner we continue
to align with,” says Yolanda Biswah, VP Sales at Canadian Black Book.  

The Carbeeza service is free to consumers. Participating
dealers receive the leads and only pay for converted sales. Initially, the
service will be available in Canada, with imminent plans to expand to service
US dealers as well.  

About Canadian Black Book

For 60 years, Canadian Black Book has been the trusted and
unbiased Canadian automotive industry source for vehicle values. Today the
company has grown into a leading data provider of vehicle valuations, residual
value forecast solutions and VIN decoding. Canadian Black Book tools and
information are considered ‘The Authority’ for vehicle values, not only by car
dealers and manufacturers, but also the leasing, finance, insurance, and
wholesale sectors. In 2021, Canadian Black Book brought to market its Enhanced
Vehicle Matching (EVM) solution, which will allow the industry to more
consistently decode 17-digit VINs down to a specific trim package, allowing a
more precise vehicle valuation.

About Carbeeza

How we buy vehicles
hasn’t changed in 30 years, until now. Enter Carbeeza, the world’s first
intelligent automotive application that harnesses the power of A.I. to
accurately predict the perfect finance scenario for you, based on your unique
credit profile. Go to www.carbeeza.com or view Carbeeza on (TSXV:AUTO).