Describing it as “the industry’s first mobile vehicle undercarriage imaging tool,” ACV Auctions developers have created a portable system that they say offers a “never-before-seen look into a vehicle’s undercarriage.”
The product, called Virtual Lift, produces high-resolution undercarriage reconstructions.
The tool provides “unprecedented insight into vehicle condition,” according to ACV Auctions, a dealer-to-dealer online wholesale automotive marketplace.
The company describes the device as lightweight and low profile. In less than one minute, using ACV’s proprietary mobile hardware and software technology, it offers a full bumper-to-bumper view and image of the vehicle’s undercarriage, ACV said.
ACV describes Virtual Lift as elevating "the level of trust and transparency in the ACV Auctions online marketplace” with its undercarriage imaging. The inability to access a vehicle’s undercarriage is one element of buying risk, and ACV says the Virtual Lift can help overcome that risk.
The company says technology helps produce a fast, simple process for ACV Auctions vehicle condition inspectors while they are creating a condition report for each vehicle before it becomes listed on the app.
ACV describes the Virtual Lift as a portable, drive-over product, and a single inspector can operate the mobile device technology that the product uses.
The ACV app produces a detailed image of the undercarriage, and as part of the condition report available to all buyers, a user can upload the image.
ACV will begin rolling out the new tool nationwide to ACV Auctions vehicle condition inspectors starting in August, with plans for customers to begin seeing in-app photos as part of condition reports in October.
“Virtual Lift is just one more way for ACV Auctions to solidify the business as the most trusted and transparent marketplace for dealers to buy and sell their wholesale inventory,” ACV Auctions chief executive officer George Chamoun said in a news release.
Chamoun continued, “Our teammates thrive on providing new technology solutions to solve challenges for buyers and sellers, and we couldn’t be more excited to share Virtual Lift with our dealer partners. We sound like a broken record with our relentless focus on being the most trusted way a dealer buys a used vehicle. AMP and Virtual Lift demonstrate our commitment, and we are just getting started.”
ACV cofounder and chief technology officer Dan Magnuszewski said, “Virtual Lift is exciting because we are solving a big problem for the auto industry with a truly unique and innovative technology solution. I’m so proud of our team; we were able to invent a scalable solution to image the undercarriage without cumbersome lifts or expensive infrastructure.”