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 are likely to be much degraded, highlighting the importance of measuring each individual vehicle.
Photo: Cox Automotive
Cox Automotive is rolling out technology across all Manheim locations that may measure the EV battery health for every used vehicle based on its specific VIN.
As well as, the corporate is expanding LotVision’s capabilities of reporting battery health for every unique vehicle. Each enhancements give wholesale buyers and sellers the knowledge they should make more informed and assured 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 mechanically transmit in-depth battery health information to condition reports (CRs) and vehicle detail pages (VDPs) on Manheim.com. Created in partnership with Cox2M, the business IoT business line inside 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 inside 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 are likely to be much degraded, highlighting the importance of measuring each individual vehicle.
“EV battery health scores which can be based on make/model averages are only that…average,” said Steve Rowley, president of Cox Automotive, in a March 27 news release. “That’s why we proceed to speculate in innovations that help our clients make essential decisions affecting their businesses.”
VIN-Specific Battery Health Measurement for Automotive Dealers, Fleets
Cox Automotive firmly believes that VIN-specific battery state of health will likely be the brand new standard within the industry — a perspective formed by its deep knowledge and expertise within the automotive industry.
“At Manheim, we’ve more experience than anyone in driving confidence within the wholesale marketplace — and one thing we all know needless to say is that no person likes surprises,” said Grace Huang, president of Cox Automotive Inventory Solutions. “With this modern recent use of LotVision, we’re giving clients exactly what they need: essentially the most detailed information possible on each individual EV so that they could make informed buying and selling decisions. Ultimately, transparency drives confidence within the wholesale marketplace.”
How EV Battery Measurement Works:
To quickly measure battery health on each vehicle, Manheim is leveraging its modern LotVision devices — that are already in use across all 76 locations within the U.S. First used for geolocating vehicles on its lots, LotVision devices are installed in all vehicles with an OBD II port at check-in.
Now, with a straightforward firmware update, these devices could be used to capture EV battery health information in minutes — and so they can transmit that information mechanically to Manheim CRs and VDPs, where battery health information will likely be prominently displayed when the listing goes continue to exist Manheim.com. Information to be displayed will include a battery health rating (0-100%) that represents the remaining battery capability captured directly from the vehicle, alongside detailed vehicle-specific information that goals to empower buyers in making informed decisions like warranty information, battery chemistry, charging cable presence, and more.
As a bonus, because the LotVision devices remain installed while a vehicle is on a Manheim lot, they may even report on each vehicle’s current state of charge.
Manheim has been preparing for the influx of EVs into the wholesale marketplace. Since 2019, Manheim has invested greater than $200 million in EV infrastructure and process improvements. Manheim now offers sellers greater than 800 EV chargers, secure storage and access to 850+ trained technicians who can safely handle, service, and eliminate EV batteries. In 2023, about 48,000 EVs were sold within the Manheim Marketplace, a 58% increase year-over-year. The corporate expects that number to double in 2024 and proceed increasing in the approaching years. In April, clients will begin seeing the expanded battery health information on Manheim CRs and VDPs across most makes and models.
This Article First Appeared At www.automotive-fleet.com
