Price Digests, the leading asset data provider to the commercial insurance and equipment finance industries, announced a new API platform to power the next generation of vehicle analytics.
The new Price Digests API enters the market as the only single source for asset valuation and benchmarking data, covering commercial truck and trailer, passenger vehicle, boat, powersport, recreational vehicle and outdoor power equipment. Developed to the highest performance and security standards, the API offers organizations an unprecedented opportunity to streamline workflows and improve operational efficiency.
The only API offering end-to-end truck valuation
"No other API allows you to value a truck from the bottom up with maximum precision," said Dan Smith, Managing Director, Price Digests. "This distinction is a large reason why thousands of insurance, finance and taxing entities currently rely on our Truck Blue Book web platform. By including this functionality into the Price Digests API, we're meeting the needs of insurance and finance companies looking to transition from traditional flat file data consumption to more modern techniques."
Pioneering new, data-driven risk factors
The new API includes all data benchmarks traditionally provided by Price Digests - VIN validation and verification, detailed specifications and market values (MSRP, retail, wholesale, finance) – plus a suite of exclusive new data points that serve as indicators of risk. These include asset utilization, popularity and market price trending.
"We've been listening to our insurance and finance customers who are looking for ways to gain a competitive edge,” explained Sam Giffin, Lead Analyst, Price Digests. "Our big data approach to asset valuation allows us to create these new risk factor attributes. Along with our traditional benchmarks, we're excited to see how forward-thinking companies will leverage these new endpoints to build solutions for the on-road vehicle industry."
A renewed commitment to innovation
The launch of the new Price Digests API marks a major milestone for a brand that has been serving the needs of finance and insurance customers for over a century. “We've spent the last 12-18 months deeply engaged with our customers building our product roadmap,” added Smith. “Cognizant of the pain-points, we’re excited to launch our next generation API taking our market leading commercial truck and vehicle data solutions to new heights. Along with the expanded taxonomies, value trends, and new benchmarks, we have a major pipeline of innovation set for release in the coming months. The new API is only the tip of the iceberg.”
To learn more about the Price Digests API or to request access, visit http://pricedigests.com/api/
For over 100 years, Price Digests has served the vehicle data needs of the insurance, finance, government, and dealer markets through its portfolio of VIN Decoding, Specs and Market Value data solutions for the commercial truck, passenger vehicle, marine, powersport, and recreational vehicle asset classes. Our data solutions are valuable tools in decisions surrounding the purchase, valuation, operation, and risk mitigation of assets.