Use this app to verify equipment serial numbers and VINs right from your phone
Penton’s EquipmentWatch, a provider of data, software and insights for the heavy equipment industry, has launched the EquipmentWatch Verification mobile app. It enables field appraisers, dealers, fleet managers and others working in the secondary equipment markets to verify serial numbers and VINs right from their phone.
The app provides immediate serial number and VIN verification for heavy equipment and on-road trucks in the auction and resale markets. The app is available for both Android and iOS devices. It gives dealers, appraisers, inspectors, fleet operators and others a trusted resource for verifying the year of manufacture of an asset.
Incorrect “year of manufacture” information on the secondary market can lead to inaccurate equipment valuations, swinging costs by thousands of dollars. The new app provides that much-needed instant verification and cuts down on administrative paperwork.
“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. That plan 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. This is all powered by a database of historical equipment information. The offering complements a portfolio of subscription-based products and services that provide extensive equipment valuations, industry trends and market intelligence. For more information, visit this EquipmentWatch site.