Toronto-based PAVE, an automated vehicle inspection platform, has recently expanded into new markets in Europe, the Middle East, and Central and South America. In Ireland, TradeBid, the country’s first dealer-to-dealer marketplace, is using PAVE to allow automotive dealers to buy and sell pre-owned vehicles. PAVE uses Intelligent Damage Detection software to enable anyone with a smartphone to complete a guided vehicle inspection by simply taking photos of their vehicle.
“The pace at which PAVE has been accepted and adopted in international markets tells us there is an urgent need for our solution to facilitate and streamline vehicle inspection,” said Brian Steinhauser, co-founder and co-CEO of PAVE. “We anticipate continuing our global expansion at a rapid pace.”
PAVE enables TradeBid to establish trust with platform users and keep inventory—and dealership sales—flowing while buying trade vehicles sight unseen. “In Ireland and abroad, there is a trust gap in the trade-in process,” says Conor O’Boyle, co-founder of TradeBid. “PAVE empowers our buyers to bid with confidence and our sellers to understand the actual value of their vehicle without subjective forces at play.”
When TradeBid customers upload a vehicle to the platform for sale, PAVE leverages artificial intelligence to provide complete vehicle details, including images highlighting any damages and anticipated costs to repair. Within two minutes, it generates a vehicle grade and condition report that TradeBid in turn shares with buyers and sellers. Since launching PAVE in December, 2021, TradeBid has generated more than 5,000 PAVE reports.
