Las Vegas, NV—Ravin AI, has launched Inspect Trade, an inspection app that helps car dealers generate consistent condition reports, as well as grade and price cars instantly. The solution is an extension of Ravin’s product offering, Ravin Inspect, which inspects rental and off-lease vehicles to create a full remarketing condition report, and is used by global clients such as Toyota and KAR Global.
The inspection process for used cars at dealerships today is still mostly a manual one, which is costly and time-consuming, keeping cars from being sold as quickly as they could be. Additionally, dealers often produce incorrect estimates of a vehicle’s value because of a lack of transparency in the damage assessment process, which ultimately leads to cars being sold at inaccurate prices.
Ravin’s Inspect Trade tool uses computer vision and deep learning AI, as well as dozens of exterior and interior images of a car and other unique VIN data, to get a 360 degree view of cars that helps dealers estimate the impact of damage on a vehicle’s value and communicate that accurately to customers. Dealers can easily inspect vehicles for damage using a mobile device and no prior training.
“Ravin is continuing to build out digital vehicle inspection tools at a rapid pace, and we’re happy to now offer a solution that specifically addresses some of the pain points that car dealerships have when it comes to inspecting and assessing used cars,” said Eliron Ekstein, Co-Founder and CEO of Ravin. “Enabling dealers to leverage AI technology from their mobile phones to get an accurate picture of the condition and value of their assets, not only saves them significant time and money, but also allows them to convey the realistic pricing on cars to customers, which ultimately builds trust.”
