The inspection technology closely combs a car’s exterior during the check-in and check-out process and generates a complete damage report within seconds.
The leading consignors trade group and the producer of the annual Conference of Automotive Remarketing (CAR) align to bolster event offerings and better serve the remarketing industry.
Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.
Wholesale supply ended November at 30 days, up one day from the end of October and flat year over year.
While the used vehicle market is not fully back to normal, it shows signs of more stability and balance.