“So, there are some things that we have them look at that I think are critical for the cars that are going through the remarketing chain,” Widmer said. He said AiM provides its inspectors with training and tools available to identify damages, and included in that is flood-damage. That’s where the problems can occur, Widmer said. He said that if an insurance claim is filed for flood damage on a vehicle, dealers will see that damage reported in different national databases.īut some vehicle owners only have collision insurance, and those owners probably won’t report flood damage. “We go out and create a virtual picture of a car that allows people to transact on it,” Widmer said. That’s what AiM does, he said, noting that it is an inspection company that works on behalf of captives, OEMs, banks, rental companies and dealers. “So, you have to look at every individual car to determine what condition it’s in,” Widmer said. At times, dealers acquire vehicles with substantial damage that has not been reported. What dealers don’t want: Unannounced damageĭealers do not want to sell a car with damage that that is unannounced to them. That discussion shows that dealerships should look at the same areas that members of the public must focus on in the area of flooding when purchasing a used vehicle.Īll of this is especially important in the aftermath of recent flooding in the Midwest and Great Plains and the start of the Atlantic hurricane season. In addition to discussing the consumer impacts of flood-damaged vehicles, Widmer also discussed areas of focus for dealerships when they purchase used vehicles or receive vehicles from a trade-in. “So, water that gets into certain components of cars, potentially they’re going to have issues down the line.” “Cars aren’t made to work in water,” said AiM chief executive officer Eric Widmer. “If you see rusty seat tracks, or you have a foul odor or exceptionally dirty interiors, you’re going to run away,” said Fuzy, who is also a former president of the National Independent Automobile Dealers Association.Īlliance Inspection Management, a company that conducts more than 12 million annual vehicle condition reports, shares Fuzy’s views on being educated about flooded vehicles. Fuzy says he has never bought a car that was later discovered to have flood damage because, as he says, “You’ve just got to be educated.”
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