1-problem we are solving
There is no centralized place for decoding VINs for all OEMs, which creates wasted time for people from insurance professionals to car salesmen to individual citizens.
2-size of the opportunity
Within the wholesale market of auctions that sell totaled and donated cars, insurance companies have representatives that decode VINs in order to recoup as much of the claim paid out as possible. We estimate that there are ~2000 people who do this job nationwide and roughly 45,000 independent used car dealerships that could benefit from instant results compared to the current possibility of spending 6 hours decoding a VIN.
The average cost for service that decodes the first 8 digits of a VIN is $150/month or $1800/year.

We expand on what near peer competitors offer, for a more complete report of what features a vehicle has, as opposed to the basics provided by NHSTA....
1-problem we are solving
There is no centralized place for decoding VINs for all OEMs, which creates wasted time for people from insurance professionals to car salesmen to individual citizens.
2-size of the opportunity
Within the wholesale market of auctions that sell totaled and donated cars, insurance companies have representatives that decode VINs in order to recoup as much of the claim paid out as possible. We estimate that there are ~2000 people who do this job nationwide and roughly 45,000 independent used car dealerships that could benefit from instant results compared to the current possibility of spending 6 hours decoding a VIN.
The average cost for service that decodes the first 8 digits of a VIN is $150/month or $1800/year.

We expand on what near peer competitors offer, for a more complete report of what features a vehicle has, as opposed to the basics provided by NHSTA.
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