Cox Automotive pilots new mobile EV battery health tool at Mannheim sites nationwide

  • Cox Automotive’s leading-edge mobile EV battery health tool will enable buyer confidence, drive residual value retention and support new and used electric vehicle (EV) adoption.
  • What sets Cox Automotive’s EV Battery Health Tool apart from the rest in the industry is that it directly evaluates each car and provides VIN-specific information, which is critical in getting accurate information about a battery’s health.
  • The pilot includes the launch of the new, easy-to-use EV Battery Health mobile app and Bluetooth® dongle at 10 Mannheim locations.

atlanta, January 24, 2023 /PRNewswire/ — When it comes to buying a car both wholesale and retail, trust matters. To bring trust and transparency to the new and used electric vehicle (EV) market and help optimize EV Battery First Life, Cox Automotive today announced the next phase of its pioneering approach to EV battery health scoring and diagnostics Of. The company will set the foundation for an industry standard in EV battery inspection and evaluation with its VIN-specific battery grading system that is unlike any other solution available today. Pilot of Cox Automotive’s EV Battery Health mobile app and Bluetooth® dongle to launch at 10 Mannheim locations across the US Pennsylvania, Southern California, san francisco, river bank, Nevada, Dallas, wonder, seattle, nashville And portland,

“We are proud of our EV battery diagnostic tool and grading system, and the benefits it brings to the secondary vehicle market as an independent third-party standard for EV battery health are unmatched in the industry,” said Lee Malloy, AVP of EV Battery Solutions, Cox Automotive Mobility. “The battery pack is the costliest part of an EV, accounting for 30-40% of the total cost of the vehicle. With the anticipated influx of EVs entering the market, our Battery Health Score will help build confidence and transparency at the point of sale “

Providing transparent and accurate vehicle appraisals is nothing new to Cox Automotive. Reputable brand Kelley Blue Book has equipped owners and buyers with reliable new car pricing and used retail values ​​for nearly 100 years, and Mannheim Market reports millions of transactions each year in the world’s largest wholesale automotive marketplace. , remains the leading indicator of wholesale prices. With more than 28 million used battery electric and plug-in hybrid vehicles set to infiltrate the US car park by 2030, Cox Automotive’s leadership will power this electric marketplace.

VIN-Specific EV Battery Health Score – More Than a Number
Unlike the grading systems of other EV battery diagnostic tools, which provide a general battery estimate based on make and model, Cox Automotive’s Mobile Battery Health tool directly evaluates each car and provides VIN-specific information, which Getting accurate information about health is important. of battery. The easy-to-use tool measures current battery status, historical battery data (time, temperature and type of charge) and performance, which the company’s patented Health algorithm then uses to generate a VIN-specific battery score ranging from 1-5. That score, along with information on the battery’s current estimated range, will be included in the EV Battery Health Report.

“To meet the future development of EVs Mannheim locations, we are investing in infrastructure to meet and support our customers’ future EV battery needs.” grace huangPresident of Cox Automotive Inventory Solutions. “Creating the trusted Battery Health Score supports our efforts to create an industry standard for battery health, while delivering the type of vehicle information customers need.”

Cox Automotive’s Battery Health Score addresses three of the top five barriers to EV adoption among non-thinkers, including consumers’ low mileage range (40%), the cost of battery replacement (35%) and the inability to charge the battery. (30) There are concerns about ,1 Furthermore, the majority of EV considerates (81%) would consider a used EV at 90% (or 10% decline) capacity with a battery health certificate.

The battery pack is the costliest part of an EV, accounting for 30-40% of the total cost of the vehicle. This makes providing a VIN-specific battery health score an important component to providing an accurate assessment of a used vehicle. Current data collected from Cox Automotive’s battery health metrics sample MannheimIncluding more than 1,200 vehicle tests, confirmed the following:

  • Most, but not all, EV batteries are built to last a long time. The reported average used battery health score was high with an average score of 4.6. However, as the battery ages, the number of outliers tends to increase, highlighting the importance of evaluating each individual vehicle.
  • The higher the Battery Health Score, the higher the transaction value. Earning a higher battery health score increased the average vehicle selling price by 1–4% (or 2.4% on average).
  • Mileage is less relevant with EVs. There was an inconsistent relationship between the battery health score and the mileage on the vehicle’s odometer.

Cox Automotive EV Battery Solutions
Cox Automotive is committed to being the world’s best battery health innovator and end-to-end EV battery lifecycle service provider, offering efficient and sustainable solutions that support battery first life and end-of-life reuse and pre- Treatment enables recycling.

For more information about Cox Automotive’s EV Battery Health tool or to participate in a future pilot, visit https://www.coxautoinc.com/mobility/ev-battery/.

About Cox Automotive
Cox Automotive is the world’s largest automotive service and technology provider. Driven by the greatest breadth of first-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions to car buyers, companies, dealers, retailers, lenders and fleet owners. The company has 25,000+ employees on five continents and a family of trusted brands that includes autotrader, dealertrack®, Kelley Blue Book®, Mannheim, nextgear Capital™ and vAuto. Cox Automotive, Cox Enterprises Inc. subsidiary of, which is a privately owned, atlanta-based company with a revenue of $21 billion. visit www.coxautoinc.com or connect via@coxautomotiveon twitter,coxauto inc on facebook orcox-automotive-incon linkedin.

SOURCE Cox Automotive

,

Leave a Comment