The Car and Truck Fleet and Leasing Management Magazine

PHH Arval Adds Black Book Data to PHH InterActive

December 11, 2006

SPARKS, MD – PHH Arval has integrated Black Book Value Guide data within PHH InterActive, the company’s secure, clients-only information management system.Earlier this year, PHH Arval selected the Black Book Value Guide as its source for used-vehicle benchmark data because of Black Book’s “independent, consistent, and reliable methodology for assessing the value of used commercial vehicles.” Black Book does not require users to create summaries, which can expose results to manipulation or interpretation.Now, PHH has integrated Black Book data retroactive to January 2006 within PHH InterActive, providing the following user benefits:

  • Fair market value (FMV) calculations for virtually all makes and models, derived from nationwide auction data and Black Book representatives’ personal validation of vehicle quality.
  • All FMV calculations incorporate client policies where applicable.
  • PHH’s Black Book approach provides accurate and defendable FMVs to satisfy the intent of Sarbanes-Oxley compliance criteria and help clients meet financial and regulatory requirements.
  • All used-vehicle reports have been updated to reflect Black Book data.

    In addition, PHH Arval is developing a Dashboard for Black Book performance metrics, to be released in the first quarter of 2007.

  • Twitter Facebook Google+

    Comments

    Please note that comments may be moderated. 
    Leave this field empty:
     
     

    Fleet Incentives

    Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

    FleetFAQ

    Fleet Management And Leasing

    Merchants Experts will answer your questions and challenges

    View All
    Sponsored by

    The Global Auto Program manager for Microsoft. He was named International Fleet Manager of the Year in 2010.

    Read more

    Up Next

    More From The World's Largest Fleet Publisher