Simplifying Buying for Dealers: Code Boost IQ
2 mins
For vehicle buyers, navigating the world of On-Board Diagnostics (OBD2) codes can be like deciphering a secret language. Misunderstanding these codes could cause uncertainty, frustration and unexpected issues post-sale. Enter OPENLANE’S Code Boost IQ, the innovative solution designed to help dealers make more confident and transparent vehicle transactions.
What is Code Boost IQ?
Code Boost IQ transforms complicated OBD2 codes into simple insights. No more sifting through confusing codes; instead, Code Boost IQ provides clear, color-coded banner messages and warnings, making it easy to identify which codes indicate the highest probability of issues or repairs, or which may lead to an arbitration.
How Does it Work?
Code Boost IQ uses the power of data and leverages artificial intelligence. It analyzes thousands of OBD2 scans through OPENLANE’S service network, tracking these codes through pre and post sale transactions. This data, along with leaveraging AI, allows Code Boost IQ to predict which codes indicate the highest possibility of an issue, which may lead to arbitration. The results are then simplified into plain language alert banners and displayed at the top of any dealer consigned vehicle condition report, stating whether or not any issues were found.
The Benefits of Code Boost IQ
Code Boost IQ offers many advantages for car dealers, transforming and clarifying the buying experience. Turning complicated codes into simple, easy-to-understand banners helps eliminate confusion and saves valuable time. With this extra layer of transparency, dealers are able to quickly tell which codes may be a cause for concern, allowing them to adjust their pricing and purchasing strategies accordingly, and ultimately reduce the risk of post-purchase arbitration.
OPENLANE is committed to making wholesale easy for every customer. Code Boost IQ is just another OPENLANE innovation that’s making our marketplace the smartest, most transparent and most efficient platform for dealers to transact.
Ready to Boost your Buying Confidence?
Unlock the power of clear, actionable vehicle insights with Code Boost IQ. If you’re interested in learning more about OPENLANE and how Code Boost IQ can help revolutionize your wholesale process, sign up here today!