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Orange Book Value is an algorithmic pricing engine by Droom that suggests Fair Market Value for any used vehicle. Orange Book Value is built on Droom's proprietary technologies and data science. It takes into account the category, make, model, year and trim of the vehicle along with the condition of the vehicle and the kilometers it has run to suggest the fair market value. Orange Book Value is a category agnostic pricing engine and suggests unbiased fair market value for cars, motorcycles, scooters, bicycles and planes. Unlike other sources that just report historical transaction data that is flawed, Orange Book Value uses data science and empirical evidence in terms of depreciation curves, margins and spreads with intermediaries based on a number of factors that have an impact on the valuation.
