The hidden costs of missed transmission DTC codes add up quickly, as shown below:
In addition to repair costs, missed transmission codes generate arbitration and litigation costs for auctions:
Example: Auctions Selling 7.3 Million Cars Annually (NAAA Member Auctions)
Undetected transmission DTCs create disputes, buyer dissatisfaction, and lost revenue:
1. Increased arbitration cases due to undetected codes.
2. Loss of buyer trust and reputation damage.
3. Operational costs to resolve disputes.
Dealerships accepting trade-ins without proper diagnostics face similar risks.
Example: Dealership Accepting 75 Trade-Ins Per Month
Static OBD readers are unable to detect all transmission and critical module DTCs because:
Scans beyond the engine module to include powertrain, transmission, ABS, and more.
Comparing Static OBD Readers to Dynamically Reconfiguring PIN OBD readers:
The automotive industry cannot afford to ignore the financial impact of undetected DTC codes. With Dynamically Reconfiguring Pin OBD Readers, auctions and dealerships can:
Take action now. Protect your business and bottom line. Visit www.cardr.com to schedule a live demo.
This article is now backed by data from over 10,000+ DTC scans conducted on cars at auctions across the country by CarDr. The analysis reveals that 5.5% of vehicles sold at auctions have undiagnosed transmission codes, resulting in $1.6 billion in repair costs and $6 billion in litigation annually. These findings underline the critical need for advanced diagnostic tools to protect your profits and build trust in the auction process.
Parry Singh is a distinguished entrepreneur and visionary technologist, best known as the founder of CarDr.com, an AI-driven used-vehicle diagnostics, appraisal, and inspection platform that is transforming how vehicles are evaluated. At CarDr.com, he spearheads cutting-edge on-board diagnostics and AI/machine learning initiatives, backed by multiple patents in mobile vehicle diagnostics, valuation, and condition assessment. His forward-thinking approach and relentless pursuit of innovation have positioned CarDr.com at the forefront of automotive technology and revolutionized consumer confidence in vehicle transactions.
Beyond CarDr.com, Mr. Singh has founded and led several high-impact ventures, including Red Fort Capital, a $1.2 billion real estate private equity fund, and Red Fort Capital Finance, an S&P Investment Grade-rated finance company. He previously guided American Capital Realty to over $1 billion in sales in under five years and launched EthnicGrocer.com, one of the most dynamic online food retailers backed by marquee investors such as Kleiner Perkins and Benchmark Capital. A recognized leader and advisor, Mr. Singh has served on the State of Illinois TechVenture Committee and been a visiting speaker at Northwestern University’s Kellogg School of Management. His academic achievements include an MBA from Kellogg (Top Student award), an M.S. in Electrical Engineering from the State University of New York (Merit Scholarship), and a B.Tech. in Computer Engineering.By Parry Singh, Founder & Chairman CarDr