PAVE, the AI-based inspection platform that automatically inspects and appraises vehicles in real-time, is advising dealers to embrace digital vehicle inspections to encourage them to confidently buy or sell vehicles digitally.
The convenience that online shopping brings means that many are now opting to buy, sell or trade-in a vehicle from the comfort of their own home and digital inspections increase transparency and build trust in buying online.
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Digital wholesale marketplaces that integrate virtual inspections into their buying-selling process allow consumers to effectively become vehicle inspectors
Taking guided photos of their vehicle on their smartphone and uploading them to the marketplace’s platform also gives drivers greater control in the process.
It also means consumers don’t need to venture out to a dealership for vehicle appraisal; dealers can get instant condition reports that can help offer fair trade-in prices. It’s a faster, more convenient process for all parties.
Additionally, retailers can instantly see the vehicle’s condition, determine refurbishment costs and book repairs or analyse condition-adjusted wholesale value for faster listing in showrooms or on marketplaces.
Phil Deegan, UK head of PAVE said, “The success of online vehicle shopping requires a great deal of trust in the online buying process. And, by allowing the seller to take control and submit inspection reports via tools like PAVE, builds transparency and trust.
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By GlobalData“Virtual inspections, also provide retailers the opportunity to provide trade-in quotes more accurately, as well as plan vehicle sales, and so reduce days to sale.
“Online marketplaces that do not provide convenience in buying or selling a vehicle, hinder sales, as the deal may be subject to further offline vehicle inspection and haggling over price. Digital inspections offer convenience, transparency and trust to the consumer, all of which are a necessity to improve online sales.”
