InsurTech Tractable will collaborate with Black Widow, a vehicle imaging capture platform, to transform automotive sales with more transparent insights into a vehicle’s condition.
Black Widow uses an eight-camera, drive-through system that captures high-definition vehicle images within seconds and can be automatically edited and published online.
InsurTech Tractable launched its AI tool last year, the solution can assess a vehicle’s external condition and possible damage within minutes.
The partnership will see Tractable’s AI use the images captured by Black Widow’s proprietary system to detect external damage and generate a vehicle condition report, which outlines estimated repair costs.
Tractable said the combination of the companies technologies will mean auctions, dealerships and repair facilities will receive a more accurate and consistent assessment of vehicles, allowing them to make faster and better informed sales decisions.
Jimmy Spears, head of automotive at Tractable said, “Purchasing a car is one of the biggest investments a consumer makes, and today’s digital world demands this experience is informative and frictionless. Layering Tractable’s AI into Black Widow’s imaging system will slice the time it takes to bring a used car to market, while offering consumers a more transparent picture of their purchase.”
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