During last week’s Auto Intel Summit+National Remarketing Conference, PAVE chief strategy officer Jameel Ghata discussed how automated inspections help fleets list their vehicles for sale whenever they need to.
Through a presentation titled, “Get Paid Faster with Automated Inspections,” Ghata discussed how automated vehicle inspections can enable wholesale disposition and guaranteed buys without the expense of condition report writers, transportation to a physical auction, and high auction fees.
Inspection technologies can be enabled by only having a mobile phone, he said.
“And essentially anybody can take the photos, anywhere, anytime, and produce a detailed and graded condition report,” he said. “That really helps in terms of remarketing and the disposal of vehicles.”
At AIS+NRC, Ghata noted that automated inspections allow companies to send a link to anyone on their fleet management team, including drivers, and receive an accurate condition report instantly.
“So essentially the value is in gathering condition data to make better decisions while reducing the time it takes to dispose of vehicles in the wholesale channel. You don’t have to store the vehicle, you don’t have to incur the expense of the skilled inspector,” he said. “And then you can really spot sell it from wherever your operations are and avoid the transportation expense to the auctions, too.”
A main point of his AIS+NRC presentation was that companies can use automated inspections to advance their remarketing processes “and streamline that process of assessing the condition of your fleet assets, regardless of where they are,” Ghata said.
Ghata cited examples of fleets who utilize automated condition reports as part of their remarketing strategies, such as Charles Rosario, a national fleet sales manager with Go Rentals.
“Having automated inspections and instant condition reports at our rental locations allows us to make better decisions on whether to send units to auction or sell them directly. Selling direct helps lower our overall cost to sell by avoiding transportation expenses and auction fees,” Rosario said.
Fleets can then provide their fleet management company a condition report, and the fleet management company can execute a guaranteed buy on the vehicle, Ghata said.
He added, “So you don’t have to take it to the auction and take your risks there, and for cleaner cars and cleaner work trucks, it’s definitely pretty applicable in that area.”
Ghata also cited Brett Federico, director of remarketing for Advantage Car Rental.
“With automated inspections I don’t have to wait for a third party CR company to get us on the schedule and then come write the car when they are available,” Federico said. “I can now get it posted for sale the same day. We sell directly from our lot, so we are able to now utilize our employees to take the photos.”
Anyone interested in learning more about how automated vehicle inspections can help produce a line-item inspection report anytime, anywhere, can learn more at pave.ai.
