AudaVIN Vehicle Identification Technology Integrates Vehicle-Specific Information into Estimating Platform for More Accurate Collision Damage Estimates and Faster, More Efficient Claims Settlements
SAN DIEGO – Feb. 6, 2013 – Audatex North America, Inc. (Audatex), a wholly owned subsidiary of Solera Holdings, Inc., the leading global claims solutions provider serving the automotive industry, today announced it has signed new agreements to add GM, Nissan, Infiniti and Jaguar Land Rover to the growing list of global vehicle brands supported in the U.S. by its AudaVIN vehicle identification technology.
The GM makes that are being released for AudaVIN include Cadillac, GMC, Chevrolet, Saturn, Saab, Buick, Oldsmobile, Pontiac and Isuzu, giving Audatex customers access to more than 64 million GM vehicle identification numbers (VINs) to drive more accurate collision damage estimates and faster, more efficient claims settlements.
“With the addition of these industry-leading manufacturers, Audatex continues to build momentum with AudaVIN as we continue to give our insurance and collision repair partners a stronger competitive edge in the market, and all the technology tools they need to increase estimating accuracy, expedite claims settlements, and drive higher levels of customer satisfaction,” said Wolfgang Ahrens, Managing Director of Audatex North America.
AudaVIN utilizes VIN data to give insurance claim representatives, appraisers and collision repair estimators complete vehicle-specific information, as recorded by manufacturers on the production line. The AudaVIN software is the only vehicle identification technology on the market to avail and integrate this information into the estimating platform. Everything from exterior paint and interior trim data, to the vehicle’s make, model, edition, production date, standard equipment, factory-installed options, and engine and transmission details is included.
By identifying the more complex regular production options (RPOs) and packages on the vehicle, AudaVIN goes beyond existing VIN decode technologies to provide complete and accurate vehicle-specific information in seconds. The result is significant reduction in inspection time, more accurate parts identification, more precise damage estimates and total loss valuations, and improvements in first call settlement rates.
“AudaVIN addresses consumers’ top concerns regarding errors made during the claims settlement process by uncovering options and packages that, if overlooked, can reduce a vehicle’s perceived actual cash value (ACV) by hundreds or even thousands of dollars,” Ahrens added.
Featuring automatic or one-click VIN decoding, AudaVIN is fully integrated with Audatex estimating and valuation solutions and services -- including AudaNet Xpert EstimatingTM and AudaNet Xpert Autosource® – to provide claim handlers, appraisers and estimators a streamlined vehicle identification process.
AudaVIN now supports more than 28 brands globally, including Mercedes-Benz, BMW, Mini, Smart, Volkswagen, Volvo, Audi, Porsche – and now GM, Nissan, Infiniti and Jaguar Land Rover. For more information, visit http://audatex.us/product.asp?PageID=zveh_identification_insurance.
Audatex is a wholly owned subsidiary of Solera Holdings, Inc. Solera is the leading global claims solutions provider serving the automotive industry. The Audatex name is active today across six continents. Solera provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions of dollars in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the automotive-related financial services and medical claims solutions markets. As part of the Solera group of companies, the Audatex, AUTOonline, Explore, Market Scan, Sidexa, Informex, Inpart, ABZ, Hollander, HPI and IMS companies all draw on unique global experience to develop and deliver the latest technologies, market intelligence and best practices on a local level. For more information, please visit our website at www.audatex.us.
Tel: 858-946-1691; Cell: 858-432-8583
Audatex, a Solera Company