“There are many types of vehicle fraud. If a seller is selling a vehicle privately and the vehicle is not registered or titled in their name, then there are all kinds of ways they can bamboozle a buyer,” said Tred Founder and CEO Grant Feek.
With this initiative, local communities, students, entrepreneurs, companies, incubators, civil associations and the public in general are invited to know in detail the priority issues found and thus generate solutions.
The company also said that because the inspections can be applied to in-lane and digital purchases, that adds trust and transparency to the process. And that happens regardless of which channel a dealer decides to use, Manheim said.
Cofounder and Chief Technology Officer, Dan Magnuszewski commented, "Virtual Lift™ is exciting because we are solving a big problem for the auto industry with a truly unique and innovative technology solution.
The platform offers interactivity with a live person augmented by on-page retailing solutions designed to help consumers better understand their trade value while mitigating any issues before visiting the dealership.