How AI Is changing the Salvage Industry

How AI Is changing the Salvage Industry

( 2 mins read )

When BidCall coined the phrase “Changing the way you see salvage”, one of the original co-founders, Racer Yoemans, had a vision for the future that included merging multiple elements of the auto recycling industry. He sought to bring innovative solutions and precision bidding to the industry he loves and holds 30 years of experience in.

This groundbreaking vision is currently becoming a reality in the form of fully automated integration. Instead of uploading individual vehicles and bids, integration allows for fully automated calculations through a partnership with Auto Bid Live and Claims Genius. This integration streamlines the bidding process, and utilizes demand driven data to make the entire course of auction bidding fast, accurate, and efficient. Integrated customers will have the benefit of a fully automated preview, and the invaluable source of truth advantage of a demand driven mechanism.

We are constantly seeking to absorb innovation into auto recycling. We all want to come together and continue the conversation to form a symbiotic relationship with every aspect of our industry. From manufacturers and insurance adjusters, to dismantlers, and auto recyclers, we have seen over and over how projecting accuracy can benefit us all.

After successfully implementing an algorithm that utilizes collected customer data, Bidcall has found a new and innovative way to refine the bidding process even further. The industry’s future has arrived in the form of technologically advanced vehicle assessments. The attention to refined precision bidding and the collection of analytical data has created an increasing demand for advanced technology integration. This technology is finally being developed and is on the horizon for implementation, in our industry.

Bidcall has partnered with a platform that assesses vehicles at auctions with an unparalleled precision that the auto recycling industry hasn’t witnessed. The source of truth auction list is uploaded from Auto Bid Live to this platform via the Bidcall database. At this point, individual vehicles, or a targeted demographic, like insurance vehicles, can then be selected for review. The review process is refined and executed by an artificially intelligent algorithm that assesses all damage, down to the most finite and detailed dents or scratches.

The mechanical parts are the foundation of the generated bid, with the body parts heavily scrutinized for damage and factored into the final bid. The bid is generated and sent back for manual review, with options to specify interchange and adjust prices accordingly. Bids are then uploaded into the Auto Bid live program via a web-based portal. The entire bidding process is automated, with manual override discretion at all checkpoints.

Our industry constantly strives to project accuracy. The more accurate our collected data, the more accurately the sales are projected. This benefits the entire industry, as well as optimizing the profit yields for individual buyers. The current integration of accelerated technology is seen in every industry. We, auto recyclers, strive to reduce human error and elevate bottom lines without compromising quality or cutting corners. In a digital world, it is up to us to implement reliable vehicle acquisition and assessments. Bidcall is ahead of the curve in this area.

Keeping the focus on the traditions of the past, they have continually strived to improve and individualize the bidding process for their customers, while inherently improving many aspects of the industry. This attitude and core belief system inevitably benefits us all. While keeping the practices of old, Bidcall continues the conversation with the trade to integrate innovative solutions and preserve profit margins.

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