Penton’s new EquipmentWatch verification app offers immediate serial number/VIN verification
Penton’s EquipmentWatch has launched the new EquipmentWatch Verification mobile app that provides immediate serial number and VIN verification for heavy equipment and on-road trucks in the auction and resale markets. Available for both Android and iOS devices, the new app gives dealers, appraisers and inspectors a trusted resource for verifying the year of manufacture of an asset.
“Much of an asset’s value is predicated on the fact that the information being presented in the sales process is accurate,” says Garrett Schemmel, vice president & market leader, EquipmentWatch. “A slight discrepancy can change the value of an asset by thousands of dollars. The new EquipmentWatch Verification app puts that verification in the hands of the field appraiser and saves hours in paperwork and administrative time on the back-end of the acquisition process.”The app is free for download, but is subscription-activated through the new Asset Inspection Plan which also includes access to the web-based interface that allows for more comprehensive asset data, including marketplace activity, location-on-asset and manufacturer notes, and detailed specs.