Carvana, Used-Car Trading and Sustainable Businesses

November 10, 2022 11:51 PM

As Carvana’s rise and fall shows, the inspection step cannot be skipped – or profits will be sacrificed. But with virtual inspections, this previously time-consuming step can be integrated into a seamless customer experience. The industry is moving forward with online buying and selling, but it needs to make sure it leverages the right tools to make it profitable.

Read the full article by Ravin CEO, Eliron Ekstein in WardsAuto

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Carvana, Used-Car Trading and Sustainable Businesses

The book value of a used vehicle is only a starting point; to establish a potential retail price, one needs to assess the actual physical condition.

How AI and Autonomous Vehicles will Save Lives

The goal of autonomous vehicles is to reduce - and ultimately replace - the need for humans to be actively involved in the driving of vehicles on our roads. In the US, human error accounts for 94% of vehicle crashes. 94%!

The Trade-In Appraisal Process at a Dealership, Explained

When it comes time to turn in an old car for a new one, some folks prefer to do so at a dealership rather than sell their car privately. Many find the process to be a positive experience; for some, it’s a tax credit while for others, it’s credit towards a new car, or saving time on the selling process. Selling privately involves the headache of sorting through offers, talking to interested buyers, and meeting those potential buyers to show the car. By trading a vehicle into a dealership, sellers save time and can complete a transaction in one day.

Why Digital Vehicle Inspections Are the Key to Improving Road Safety

Manual vehicle inspections often leave customers feeling discouraged and suspicious that they’re being taken advantage of. This can make it less likely to be proactive about regular inspections which can further lead to unsafe cars on the road. Digital vehicle inspections are changing all of this, especially road safety.

The use of AI in fleet management can help fleets keep their vehicles longer, while saving lives, time and money.

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Back in February I gave a talk at Move 2020 in London which, given it was one of the last of the day, was surprisingly well attended.