The Hagerty Insider app (available initially on iOS) will include auction run lists, published pre-sale estimates, past sales data of similar cars, and Hagerty’s valuation estimates. Once run lists become available, Hagerty Insider displays vehicle details, which include lot numbers, the vehicle identification number (VIN), make, model, year, body style, and engine.
When a vehicle crosses the auction block, the app will update with the high bid amount and the ‘sale’ or ‘no sale’ status of the car, allowing users to monitor the vehicles they are interested in.
“When I’ve been at auctions in the past, this is exactly the kind of information I wished I had in the palm of my hand,” said Hagerty CEO McKeel Hagerty. “This real-time, modern approach also increases car value transparency in the market, which is always a good thing.”
At present, the Hagerty Insider app is an auction tool, but there are plans to expand its functionality. The app will also be made available soon on the Android operating system.
A release noted that Arizona auction-goers will be the first to try out the app.
Users are required to register to save vehicle information to the app’s watch list. The same log-in details for Hagerty’s website can also be used in the app to gain access to the following:
- Valuation – Full mobile access to the Hagerty Price Guide.
- Live auction results – Beginning with the Arizona auctions in January, get real-time results as live auction vehicles cross the block.
- Watch list – Add favorite vehicles to a watch list to learn which auction companies are offering your favorite vehicles and track the results of specific cars of interest.
Insurance company buys car-sharing firm
Specialist car insurer picks must-buy bargains of the 80s
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.