Company continues to invest in EV battery health innovations for automotive dealers and fleets.
ATLANTA – March 27, 2024 – Cox Automotive is rolling out the used car industry's only solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision’s capabilities of reporting battery health for each unique vehicle. Both enhancements give wholesale buyers and sellers the information they need to make more informed and confident decisions.
Cox Automotive’s VIN-specific solution, developed by its 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.com. 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 Steve Rowley, president of Cox Automotive. “That’s why we continue to invest in innovations that help our clients make important decisions affecting their businesses.”
Importance of VIN-Specific Battery Health Measurement for Automotive Dealers, Fleets
Cox Automotive firmly believes that VIN-specific battery state of health will be the new standard in the industry—a perspective formed by its deep knowledge and expertise in the automotive industry. With this VIN-specific solution, Cox Automotive is leading the industry in EV battery health and demonstrating its commitment to protecting clients from the inevitable outliers, ultimately fueling a more transparent and confident buying and selling experience.
“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 Grace Huang, president of Cox Automotive Inventory Solutions. “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.”
Go Deeper:
Read more about this news, including how this solution works, on the Cox Automotive Newsroom.
Media Contact:
Julie Zorn Jackson
Senior Manager, Public Relations | Cox Automotive
julie.jackson@coxautoinc.com | 404.558.7837
