VIN Basics Blog

A couple of years ago, we wrote an article about the extinction of internal combustion engines and the rise of electric vehicles. However, there were several roadblocks that were slowing down the speed of adoption, including high battery costs, the lack of infrastructure, and the desire for bigger vehicles that didn’t offer electric alternatives at the time.

As the auto industry adjusts to business post-pandemic, it appears that electric vehicles are picking up pace again with increasingly more OEMs offering electrified options in their model lineups. The current White House administration has urged OEMs to increase the production of electric vehicles to the point where they will make up more than 50% of new vehicle sales by 2030, according to MarketWatch. In this article, we thought it would be helpful to highlight some of the prominent factors that are supporting the current rise of electric vehicles.

Beyond just misleading, limited data can harm your business. Market analyst, Gartner, found that 27% of the data in the Fortune 1000 companies is considered flawed, which they defined as inaccurate, incomplete, or duplicated. According to their research, poor quality data leads to high costs, a high customer turnover rate and excessive expenses. IBM estimates that bad data costs the US economy roughly $3.1 trillion dollars each year. They also found that 1 in 3 business leaders don’t trust the information they use to make decisions. Experian Data, in a separate study, determined that flawed data impacts the bottom line of nearly 90% of all American companies.

VIN barcode scanners are a great feature for many apps in the automotive space, especially for business processes such as scanning in inventory or fleet assets, looking up the specs on a vehicle at auction, or an insurance adjuster resolving claims.

Vehicle data and VIN decoding solutions are widely used across the automotive industry and are the foundation for many businesses. Some of the more common use cases are basic vehicle identification (year, make, model, trim, etc.) or VIN explosion, as covered in the preceding article. However, there are some less obvious uses for vehicle data/VIN decoding that may come as a surprise to you, such as the following:

There are countless ways in which vehicle data/VIN decoding can be leveraged within a business. And while each business’s use case(s) are different, there are common vehicle datasets that are needed to accomplish their goals.

In this article, we’ve covered some of the most common uses of vehicle data.

Understanding how VIN numbers work and what vehicle data can be extracted from them is a challenge, even for auto industry professionals that are familiar with VIN data. We thought it would be helpful to put together a list of common misconceptions for anyone looking for a vehicle data solution, as there’s a good chance at least one of these will resonate with you.

Vehicle subscription services started to surface in 2017 and are now available through a few manufacturers, some dealers, and several third parties including startups and vehicle rental companies. Given the diversity of businesses and level of variability in their business models, understanding how vehicle subscription services work requires a good deal of research.

* This article was a collaboration with our partners Joseph Creese and Howard Abbey at SBD Automotive.

Advanced Driver Assistance Systems (ADAS) technology is confusing for consumers and businesses alike. While there are core ADAS features that can function similarly across each OEM, such as forward collision warning, lane keeping, or blind spot monitoring, each OEM offers their unique spin on the different technologies and markets them differently with their own branded names.

While it’s no surprise that ADAS (Advanced Driver Assistance Systems) has taken the auto industry by storm, there are still many uncertainties when it comes to how your business will be impacted. There are several benefits to these new features, including increased safety and convenience for drivers, and concerns, such as costly repairs, making ADAS a very complex topic that even those selling, insuring, and repairing these features will require clarification on.

In this article, we’ve covered how some auto industry segments have been impacted by ADAS. Read on to learn more.

In the last ten years vehicle technology, specifically in regard to safety features, has become increasingly complex. These advanced vehicle safety features are often bucketed under the category “Advanced Driver Assistance Systems,” more commonly known as ADAS. While the key motivator of this growth has been driver safety, ADAS will play a larger role for those on the business side of automotive in everything from data collection to lending to titling over the next few years. Some of the most popular ADAS features are: braking assist, adaptive cruise control, lane departure warning, blind spot detection, and rear cross traffic alert.