Rapid Recon and Velocity Automotive, driven by Vehlo, recently announced an integrated system for closing the trade appraisal gap at the National Automobile Dealers Association convention on Feb. 1, Rapid Recon announced in a release.
This appraisal-assist system delivers deep internal vehicle diagnostics and incorporates accurate, not estimated, reconditioning costs for predictable profit per vehicle. The appraisal gap system costs dealerships hundreds to thousands of dollars per trade due to the variance between appraiser-estimated and actual recon costs, the release stated.
Called ASPIRE, this integration consists of three solutions in internal vehicle systems diagnostics and inspection reports, accurate repair costs extracted from the Rapid Recon workflow system, digital vehicle portfolios that educate sales staff and customers about in-depth vehicle VIN, OEM window sticker and service, vehicle accident condition and reconditioning reports.
ASPIRE’s diagnostic tool, VINSight, powered by VinTel and from Velocity Automotive, is an OBD-2 scan device that provides appraisers VIN-specific, mechanical, and electrical system appraisal “X-ray” diagnostics and accurate reconditioning costs for the make, model, and year of the vehicle.
“All managers across the United States of America share a big fear – we don’t want to make a mistake. This profit per vehicle strategy couldn’t have come at a better time,” Jared Ricart, president of the Ricart Automotive Group, said in the release.
“Profit per vehicle is about accuracy and saving that one vehicle – we appraised it for this number, and we estimated this profit, and can we execute that promptly,” Matt Hubiak, the director of preowned operations for the Swickard Auto Group, said.