BusinessCompanyPress Release

Droom – Orange Book Valueupdates2020’s resale value across segment

By Reporter

Mumbai, January 28, 2021: Droom, India’s most-trusted marketplace to buy and sell used cars, has come up with the latest edition of its Orange Book Value (OBV) survey. The survey gives insights into the resale value of leading vehicles across multiplesegments including SUV, Sedan, and Hatchbackamong others.

According to the latest survey, MG HECTOR has commanded the highest resale value around 90% in one year)within the C-Segment SUVsfollowed by Mahindra XUV500, Jeep Compass and Tata Harrier. The frontrunner in the Sedan category was Maruti Suzuki Ciaz,followed by Honda City, Hyundai Verna and Skoda Rapid.OBV is a free-to-use international product and gives the price of used vehiclesunder 10 second using AI and data science fromaround38 countries. So far, OBV has served more than 450 million price checking queries on its platform.  

Speaking on the development, Akshay Singh, Chief Strategy Officer, Droom said to Prittle Prattle News through a press release, “At Droom, we have a strict vehicle assessment process that analyzes pre-loved cars across 1000+ parameters. It ensures that our customers receive accurate value against every rupee that they spend on vehicles. OBV’s latest trends reveal that several automobiles have stayed true to their promise of dependability and performance across segments. Some of the best offerings available today in the market include MG HECTOR and Maruti Suzuki Ciaz with compelling resale values and can be looked forward by customers.”

Droom’s OBV is an ingenious algorithmic pricing engine that accurately prices a used vehicle based on a scientific US patent pending methodology OBV covers more than 5mn+products comprising cars, bikes, scooters, bicycles, and planes. For more details on Orange Book Value, visit www.orangebookvalue.com.

About Orange Book Value

OBV is India’s first and only algorithmic pricing engine to find out the fair market value of any used vehicle under 10 seconds for free.  Orange Book Value (OBV) is a simple and data science based online tool to give users the value of a used automobile under 10 seconds. Since its launch,the OBV platform has addressed over450 Million pricing queries. OBV covers 5 mn+products for cars, bikes, scooters, bicycles, and planes.  OBV is available at Droom or as a destination Website, iOS and Android App, OBV Widget for 3rd party bloggers, Pricing as a Service (PaaS) Dashboard and a Print Edition. For More details on Orange Book Value visit www.orangebookvalue.com

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