Penton’s EquipmentWatch has launched EquipmentWatch Verification, a mobile app that immediately verifies the serial number and VIN of heavy equipment and on-road trucks in the auction and resale markets.
Available both for Android and iOS devices, the new app gives dealers, appraisers, and inspectors a trusted resource for verifying the year an asset was manufactured.
"Much of an asset’s value is predicated on the fact that the information being presented in the sales process is accurate,” says Garrett Schemmel, vice president & market leader, EquipmentWatch. “A slight discrepancy can change the value of an asset by thousands of dollars. The new EquipmentWatch Verification app puts that verification in the hands of the field appraiser and saves hours in paperwork and administrative time on the back-end of the acquisition process.”
The app is free for download, but is subscription-activated through the new Asset Inspection Plan which also includes access to the web-based interface that allows for more comprehensive asset data, including marketplace activity, location-on-asset and manufacturer notes, and detailed specs.
That is all powered by the industry’s most expansive database of historical equipment information and complements a portfolio of subscription-based products and services that provide extensive equipment valuations, industry trends and market intelligence.
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