Hurricane Damage to Vehicles
It's estimated that Harvey and Irma together damaged as many as one million cars. The cost of licensed cars lost in Harvey alone ranges between $2.9 and $4.9 billion, and those costs exclude the vehicles that flooded while waiting in dealership lots.
However, just because vehicles experienced damage related to floods doesn't mean that insurance companies will cover the cost to replace them. In some cases, insurance carriers may consider personal vehicles that were only partially submerged in water to still be serviceable and therefore not replace them. In those instances though, the vehicles stink, are difficult to clean up, and have a myriad of issues.
Accounting for Water Damage in the Used Car Reconditioning Process
As you well know, a vehicle begins to depreciate in value the moment it arrives on your lot. This is why it's crucial that the used car reconditioning process moves as quickly as possible to get the car back on the lot to sell.
Considering that there will soon be an influx of vehicles being traded in that have experienced water damage, it's imperative that dealers are able to track down the problems with these vehicles, fix them, and get them back on the lot to sell. With the potential complications associated with vehicles with water damage, you need to stay on top of the used car reconditioning process.
ReconTRAC is a completely automated used car reconditioning software system that provides accurate and real-time data about workflows to dealerships and vendors. This powerful software was designed by the automotive industry with the purpose of improving the efficiency and turnaround time of the reconditioning process so that users can maximize profits. The software tracks the entire reconditioning process, so users can quickly identify any hiccups during the process and promptly address them. ReconTRAC software is known to speed up the reconditioning process by as much as 50 cycle times.
The ReconTRAC software can be customized to your workflows to enhance your existing process. This ability to customize the reconditioning process will be especially beneficial with vehicles with water damage as there will likely be additional steps that need to be taken before the vehicle can be placed on the lot to sell. The software begins tracking used car reconditioning cycle times the moment you take possession of a vehicle, which will provide you with an accurate profit.
Contact us at GreenCloud to learn more about ReconTRAC and how this software will be especially beneficial when reconditioning vehicles that have experienced water damage.