Revolutionizing Diminished Value Appraisals with AI Precision

Elektrica specializes in Diminished Value Vehicle appraisals, offering a no-upfront-payment model. We only receive payment once a claim is successfully settled. To ensure effective collection of diminished value, we work with local law firms that have successfully recovered millions using our appraisals. Unlike traditional appraisals, which are often based on the subjective opinion of a single appraiser, Elektrica leverages real data from actual claims that have been settled, making our appraisals grounded in concrete, non-speculative evidence.
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AI Powered Vehicle Grading

Elektrica Consulting utilizes proprietary AI software designed specifically to assign precise vehicle grades before and after incidents of loss. Our advanced artificial intelligence system begins with a meticulous review of all available photographs, carefully documenting every aspect of the vehicle’s condition, including exterior and interior features. Each part replaced or repaired is individually assessed to determine its impact on overall vehicle integrity and market desirability.

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AI uses top auto data to estimate value loss

To arrive at an accurate diminished value figure, our AI-powered evaluation includes comprehensive data collection from leading automotive valuation sources. This extensive dataset includes real-time auction results from Manheim Auction Sales, detailed market analysis from JD Power, and precise valuation metrics provided by Black Book. These sources are known for their authoritative and unbiased valuation data, widely recognized within the automotive industry for accuracy and reliability.

AI uses past claims for precise valuations

Further enhancing the accuracy of our assessment, Elektrica Consultings’ proprietary system accesses an extensive database of historical insurance settlements, offering rich comparative data to validate and refine our valuation results. Our AI software matches previous appraisals based on damage amount, where the vehicle was hit, vehicle mileage, vehicle model, and previous insurance settlements to generate a highly accurate and tailored valuation specific to your situation.
AI forecasts

AI forecasts market impact
on vehicle value

Our AI technology also incorporates predictive analytics to account for market trends and forecast potential impacts on vehicle value. This forward-looking capability ensures our diminished value assessments not only reflect current conditions but anticipate future valuation shifts as well.
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