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.
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 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.