Vemark’s SalvageNow™ Online Auction solution, NetworkNow™ Salvage Auction Network Management solution, and SNaps™ Auction Management solution provide a flexible and complete view of the entire vehicle loss recovery process.
Vemark serves auto insurance companies, auto asset owners, auto dealers, body shops, rebuilders, vehicle salvage auctions, auction networks, fleet lease companies and car rental companies with leading edge software and services designed to solve problems within these particular markets. We provide software customized to fit your current work flow or outsource your entire salvage operation – full turn-key solutions to manage vehicle disposition from data loss to cash in the bank. Vemark’s SalvageNow™ Online Auction solution, SalvagePR0™, vehicle asset management console, SNaps™ Auction Management solution, and Bid Central™ Virtual Bidding Application provide flexible and complete solutions for these market segments.
Vemark delivers a suite of integrated solutions for the auto insurance industry that normalizes the salvage disposition process; integrating vendors, government agencies and legacy systems. These systems provide rule based automation, cutting cycle time and raising net returns of damaged assets thus removing the complexity of managing multiple marketplaces and adding visibility and accountability to the whole process.
Private owners of damaged vehicles have a new option – to sell or trade their damaged vehicles, skipping the repair process entirely This is an emerging market as vehicle owners become educated and diminished value lawsuits more prevalent. This option is beneficial to both the insurance company and the damaged vehicle owners.
Car dealers often sell vehicles from their inventory in auctions and purchase vehicles from auctions to meet local demand as well as to fill up slack time in their body and repair shops. Attending a live auction is not always convenient or prudent. Vemark’s products enable dealers to not only manage their own fleet of damaged vehicles but also to procure vehicles from weaker markets to fulfill stronger local demand.
Vehicle rebuilders, whether they are car dealers or body shops, also need a way to purchase and rebuild vehicles that may be difficult to obtain locally but may be easily obtained from other regions of the country. Vemark provides rebuilders with the means to obtain the vehicles they need easily and conveniently via an online auction services.
The landscape for physical salvage auctions is changing rapidly. To compete with larger, ‘branded’ salvage auctions, independent salvage auctions are pressured to provide similar levels of service. As a result, salvage auctions need to be able to provide a complete view of the salvage cycle – from taking a vehicle assignment through the sale of the vehicle. This cycle includes everything from pick up and storage of a vehicle, to processing the title, to managing the sale in either the physical or the virtual world. Vemark provides salvage auctions the means to better manage their vehicle assets, their consignors and buyers, as well as real-time data about vehicle status, processing cycle time, and overall recovery rates.
Salvage Networks, as aggregates of pools, share a common goal: to achieve economies of scale and bargaining power. They do this by providing asset owners and other consigning sources (such as fleet, lease and rental car companies) a way to assign a vehicle through a single view and automatically distribute or assign it to the most appropriate or local pool. Consignors also require a common approach to processing the vehicle, assigning it, and reporting on it. Vemark provides networks all the tools and services necessary to manage multiple sources of vehicles and multiple points of processing while providing real-time, integrated management information to everyone involved in the process.
Rental and Fleet/Lease companies need to quickly remove vehicles from their lots to make room for new model replacements, while at the same time recover the cost of assets removed from the lot. Additionally, they require the flexibility to select the best possible means to remarket a vehicle in order to optimize their overall recovery. Vemark provides a one-stop shop of software and services, enabling individual sites or corporations to manage the process.