Droom is one of the India's online used automobile marketplace has announced the launch of Orange Book Value (OBV). Orange Book Value is India's first algorithmic benchmark pricing engine to check the fair value of any used vehicles in the market.
OBV is a complete pricing search engine, which is not limited to cars alone, but also covers a wide spectrum of vehicles in the market, covering 24,000 plus products.
Orange Book Value users can calculate the true market value of a second-hand vehicle in less than 10 seconds for free. They can also download or share pricing report in no time. OBV is designed to keep users convenience as a top priority. The US patent-certified OBV pricing engine is built on the Droom website and the real-time data science which analyses the final price value of any used vehicle.
Sandeep Aggarwal, Founder, and CEO, Droom stated that "Today is a historical day for the entire auto industry in India that we are launching Orange Book Value (OBV), India's first algorithmic pricing engine to measure the true market value for any used vehicles. For the last two years, we are developing the new search engine. We have already managed to create almost 72 million queries in the last seven months. spending millions of dollars on this innovation, the app is so convenient for the users to check the price of any used vehicle within ten seconds and can avail the pricing report free of cost."