Cox Automotive has announced the rollout of a solution that will help fleets sell their used EVs to buyers with confidence. It will measure the EV battery health for each specific vehicle VIN across Manheim Auctions, as well as expanding its LotVision system of reporting for battery health.
The VIN-specific solution, developed by Cox Automotive’s EV Battery Solutions team, uses Manheim’s LotVision technology to quickly assess the battery in each unique vehicle and automatically transmit in-depth battery health information to condition reports (CRs) and vehicle detail pages (VDPs) on Manheim websites.
Created in partnership with Cox2M, the commercial IoT business line within Cox Communications, LotVision is a wireless tracking device placed in a vehicle that helps dealers, transporters and team members accurately locate vehicles on Manheim lots to within 10 feet.
Cox Automotive’s decade-long history of assessing EV battery state of health has shown that while most used EV batteries are relatively healthy, the outliers tend to be significantly degraded, highlighting the importance of measuring each individual vehicle.
“EV battery health scores that are based on make/model averages are just that…average,” said Cox Automotive President, Steve Rowley.
“That’s why we continue to invest in innovations that help our clients make important decisions affecting their businesses.”
Cox Automotive believes that VIN-specific battery state of health will set a new standard across the used vehicle market and the firm plans to position itself as a leader in EV battery health with its solutions.
“At Manheim, we have more experience than anyone in driving confidence in the wholesale marketplace—and one thing we know for sure is that nobody likes surprises,” said Cox Automotive Inventory Solutions President, Grace Huang.
“With this innovative new use of LotVision, we’re giving clients exactly what they need: the most detailed information possible on each individual EV so they can make informed buying and selling decisions.
“Ultimately, transparency drives confidence in the wholesale marketplace, and that’s why we have been—and will continue to be—committed to giving our clients VIN-specific battery health information.”
