ACV Auctions Unveils Virtual Lift
August 1, 2019—ACV Auctions announced the launch of Virtual Lift, the industry's first mobile vehicle undercarriage imaging tool.
Developers at ACV Auctions have created a portable system capable of producing high-resolution undercarriage reconstructions, providing unprecedented insight into vehicle condition. The device utilizes ACV's proprietary mobile hardware and software technology to provide a full bumper-to-bumper view and image of the vehicle's undercarriage in less than one minute.
Virtual Lift elevates the level of trust and transparency in the ACV Auctions online marketplace by providing a look into a vehicle's undercarriage. The inability to access a vehicle's undercarriage is an element of buying risk the Virtual Lift can overcome.
Sophisticated technology facilitates a fast, simple process for ACV Auctions Vehicle Condition Inspectors (VCI) as they create a Condition Report for each vehicle before it is listed on the app. The Virtual Lift is a portable, drive-over solution utilizing mobile device technology that can be operated by a single inspector. Less than a minute later, the ACV app creates a detailed image of the undercarriage that can be uploaded as part of the Condition Report available to all buyers.
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. 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."
The new tool will begin rollout nationwide to ACV Auctions VCIs starting in August, with customers beginning to see in-app photos as part of condition reports in October.