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May 27, 2021

Orange Book Value – Crossed A New Milestone of Success

It is a proud moment for all of us! Shout out to all of you who have ever used Orange Book Value (OBV) Pricing Engine. We have a huge announcement that OBV has crossed 500 Million pricing queries.


500 Milestone OBV

It is overwhelming that people across the world are so inclined and interested to use pricing engine for used vehicle. Now the pricing engine is no longer restricted to used vehicles, it is available for used mobiles, real estates, jewellery and jobs. So, different people with different motives are using OBV pricing engine and each sec the number is increasing.

If you are learning about OBV for the first time. Then let me give you a little understanding it first. Who knows, you can be the part of next milestone!

What is OBV and Why to Trust It?

Orange Book Value is a tool that determines the used car valuation, also the fair market price of mobiles, real estates, jewellery, and jobs. It is an algorithmic pricing engine that uses 21st century data science to find the accurate valuation of used products like cars, bikes, scooters, mobiles, jewelleries, real estate properties or even job salaries.

You can easily trust OBV as it is the most reliable source and it is:

  • Independent
  • Objective
  • Unbiased

What Benefits You Can Enjoy with OBV?

It is not a good idea to go by the guesswork or rely on any pricing engine. You must be aware what benefits you can enjoy with AI driven pricing engine:

  • You can get fair market price of any used products under 10 seconds for free
  • The tool should be Independent, Objective and Unbiased
  • It should be based on 21st century Data Science and Machine Learning Methodology
  • It has been trusted and used by over 500 Mn+ users
  • It has been used by over 350K+ auto dealers across India
  • It is verified by leading Banks, Insurance Companies, NBFCs and OEMs and they are using it
  • It is applicable for used vehicle, mobile, real estate, jewellery, job valuation

How OBV is Essential for Buyer and Seller Both?

OBV is the Benchmark Pricing Engine offers several benefits to buyers as well as to sellers.

For Buyer

  • Before buying it will be great if you can check the fair market price of the second hand product.
  • As per the year of purchase, usage, and brand value, you will be able to calculate the valuation of used vehicles, mobiles, real estates, jewellery and jobs.
  • No need of any guess work or relying on sellers quote blindly.
  • You can be satisfied with the price you are paying for the product.

For Seller

  • Before selling the product, you can check the fair market price of your product.
  • You can use the OBV tool for used vehicle, mobiles, real estate, jewellery and jobs.
  • You will be able to share a transparent process, so more buyers will be interested to buy your product.
  • It can help you to sell you product quickly.

How to use OBV tool?

You can use OBV tool and get the fair market price within seconds in 4 simple steps:

  • Select the Purpose - Eg: Buy or Sell
  • Select the Category - Eg: Car, bike, scooter, bicycle and Plane
  • Select the Parameters - Eg: Make, model, year, trim, Kms driven, condition.
  • Get OBV fair market price

In this process, you can get the accurate pricing of cars, bikes, scooters, planes, trucks, mobiles, real estates, jewelleries, and jobs.

Conclusion

All over the world from Asia, Europe, Middle-East to Australia, in 38 countries, people are continuously choosing OBV over any other pricing engine. This is because they are using in their vernacular language. No transaction in these countries is happening without verifying the accurate price with OBV. That is the main reason we have able to achieve this milestone in such short period of time. OBV was also just an idea, but it developed, accepted, and appreciated across the globe to make it world famous. Choose OBV today and start evaluating used products at your home!

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Privacy Policy | Terms of Use
What Is OBV?

Orange Book Value is a platform that helps in determining the fair market price of used vehicles. It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off. However, we do not get to understand the proper valuation of our vehicles.

In order to come up with a proper used car valuation or used bike valuation, Orange Book Value uses real time data science to value depreciation of automobiles. It helps the sellers put a fair price in front of the buyer, and for the buyers, it helps them get a product that serves great value for their money. This is a service by droom, which was founded by Sandeep Aggarwal.

Why OBV?

Orange Book Value works as an independent value calculator for cars, bikes and scooters that determines second-hand vehicle prices. It uses Droom's proprietary technology and data science to come up with fair market price of used cars, bikes and scooters, and utilises scientific data to get the exact value for the vehicle. The primary objective of this used-vehicle price guide is to get the fair market price for second-hand vehicles.

Another reason for using Orange Book Value is its unbiased results that help in obtaining reliable data on used-vehicle pricing. Also, it is the kind of valuation tool for used scooters, bikes and cars that calculates the data on real-time basis with a scientific method of suggesting their current market value.

How Does It Work?

To get the fair market price of your used vehicle, you need to follow just four simple steps. At first, you need to select the purpose, that means whether you want to buy or sell the vehicle. After that you need to select the category of used vehicle, which is whether you have a used car, bike or scooter. The next step is selecting the parameters such as make, model, year, trim, etc., of the product for which you need to get the correct market valuation. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. After that, you will get the exact valuation of your vehicle through Orange Book Value.

Benefits Of OBV

Orange Book Value helps buyers to understand the fair value of a used car, bike or scooter. This way, the buyer will not have to guess the price of a used car or bike and can be satisfied with price that he/she is paying for the product. For sellers, it helps in determining the best market value for their used vehicle. This valuation tool for used cars and bikes creates a transparency in the overall process. This is a pricing guide for used cars, used bikes and used scooters that helps in quick selling of second-hand vehicles. For banks and NBFCs, it helps in getting the fair pricing of used vehicles that further enhances the process of loan approvals. For insurance companies as well, the real-time data obtained through scientific calculation helps in obtaining the current valuation of the second-hand cars, bikes and scooters.

OBV Methodology

Being the most advanced algorithmic and data science-based value calculator, Orange Book Value is the most accurate valuation tool for used cars, bike and scooters in India. Unlike other pricing engines, Orange Book Value utilises Droom's proprietary data science methodologies and latest technologies to get the correct pricing of used cars, bikes and scooters depending upon various factors that lead to value depreciation such as make, model, trim, data for kms driven that is obtained through odometer reading, current condition of the vehicle that includes wear and tear, dents, major repair works, etc. A vehicle that is well-maintained and kept in good shape gets to score more in the OBV methodology and gets a better market value.

Appropriate Condition

Orange Book Value calculates the valuation of a used car, bike or scooter according to different parameters that cause value depreciation of second-hand vehicles. When pricing engine comes up with a particular result based on the make, year of manufacture, trim of the vehicle, odometer reading that decides the total number of kms driven and the physical and mechanical condition of the vehicle, the used cars and bikes are rated on its basis. These ratings include Excellent, Very Good, Good and Fair. While Excellent and Very Good signify a healthy used car, Good and Fair indicate that it has problem with some of the parts and needs special attention and repairing.

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