Shoreham Vehicle Auctions (SVA) has appointed Generational as its EV battery health check partner as it campaigns for a new remarketing industry standard in this area.
It appointed Generational following a formal tender and then a consultation with its buyer and vendor partners.
Buyers particularly liked the fact its reports provide an OEM state of health for the battery in addition to measuring the voltage balance across battery cells as well as providing a real-world range estimate for each vehicle.
“We reviewed the market and Generational stood out not just in the data it was able to provide but its overall proposition worked well and provided value for money,” explained Alex Wright, SVA’s MD.
“They are a British company with a British based team with an automotive software and data science background gained in Formula 1 and from working at Imperial College London and the University of Cambridge,” he added.
Now that Generational has been appointed Wright is keen to share the concept with dealer groups and even fellow auctions as part of his quest to support the industry in adopting a new industry standard for battery health checks.
“I want to open up our battery health check methodology to the industry. Our aim is to support anyone who wants to know more about how these checks work and their benefit to vendors and buyers. We want to help support the remarketing industry in creating a new standard in this area,” he said.
“We’re here to help eliminate uncertainty and enable people to buy and sell used EVs with transparency. That protects residual values for vendors and helps buyers educate consumers. The checks build trust with wholesale and consumer buyers which is only going to support EVs as they become an integral part of the used vehicle ecosystem,” said Oliver Phillpott, Generational’s CEO and co-founder.