CarMax Partners with UVeye

By Staff Writer January 24, 2023

CarMax is partnering with UVeye to provide AI-enhanced condition reports for buyers of vehicles sold at auction.

CarMax has been a strategic investor in UVeye since 2021. The companies have been working together on innovative solutions to improve used-car auction processes. CarMax’s wholesale business sold more than 700,000 vehicles during the past fiscal year.

CarMax is implementing UVeye’s industry-first inspection technology for its wholesale business operations under a licensing agreement with UVeye.

UVeye systems use artificial intelligence, machine-learning, sensor-fusion and high-speed-camera systems and can spot issues ranging from worn tires and sheet metal-problems to underbody damage.

CarMax moved its auction sales online in 2020. It will be using UVeye vehicle scans to check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos. Systems in use at CarMax also will have the ability to detect issues such as frame damage, missing parts and fluid leaks, as well as brake and exhaust-system problems

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Last modified on Thursday, 26 January 2023 14:08