Month after month, roughly 13% of the total-loss vehicles sold through remarketing auctions in the United States show no odometer reading. With no odometer reading, these vehicles’ titles are branded “Not Actual Miles.” As a result, fewer people bid on these vehicles and the overall winning bids are lower, because buyers feel more at risk.
VeriMiles has unique, patent-pending technology that quickly and safely lights up the odometer on any "total-loss" vehicle (including theft, flood, salvage, and rebuilt vehicles—any model car, truck or motorcycle). Combined with a background check on every vehicle, this technology determines title-certifiable mileage. This is how VeriMiles increases vehicle resale potential and decreases buyer investment risk, thus leading to increased returns.
In the present economy, every vehicle needs to return the best price possible. VeriMiles's value-enhancement solution improves buyers' ability to assess vehicle value. Increased buyer security leads to more bids, higher bids, and increased sales.