New Experian Alliance With Recurrent Empowers Dealers to Make Informed EV Acquisitions and Ease Range Anxiety for Consumers
January 26 2023 - 8:30AM
Business Wire
Addition of the Recurrent Battery Report will
augment AutoCheck reports with critical EV information, including
current range and impact of weather conditions
Expanding on its commitment to equip dealers with the data
needed to buy and sell used vehicles with confidence, Experian
announced a new alliance with Recurrent, the battery range and
analytics company. Through the alliance, the Recurrent Battery
Report for used EVs will be offered alongside Experian’s AutoCheck
reports, the industrial strength vehicle history report (VHR). The
Recurrent Battery Report offers additional data and attributes on
an EV’s battery health that no other VHR currently offers,
including battery insights, weather impact, and more.
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Each Recurrent report includes a Range
Score, which compares a vehicle’s current max range to the original
range for that make, model, and battery pack configuration. (Photo:
Business Wire)
While dealers and consumers alike have historically looked to a
vehicle’s mileage as an initial barometer for condition, range and
battery longevity are more informative for used EVs, which have not
been available with a VHR, until now. The Recurrent Battery Report
is designed to bring additional transparency to the used EV
purchase process—augmenting the information of the AutoCheck report
to answer specific questions about the purchase of a used EV.
“Our new alliance with Recurrent ensures data attributes unique
to EVs are easily accessible for all parties whether looking to buy
or sell a used EV—which is essential knowledge in today’s evolving
market,” said John Gray, Experian’s president of automotive, North
America. “As EVs continue to grow in popularity, offering the
Recurrent Battery Report with AutoCheck reports will bring a level
of assurance dealers have been previously unable to attain when
buying or selling used EVs, increasing transparency and easing
range anxiety for consumers.”
The Recurrent Battery Report is designed to answer common
questions from used EV shoppers. Each report includes a Range
Score, which compares a vehicle’s current max range to the original
range for that make, model, and battery pack configuration. For
example, a Range Score of 94 means that the vehicle is expected to
get 94% of its original range.
Generated through a VIN-specific inspection that combines each
vehicle’s history and battery data, the Recurrent Battery Report
compares the vehicle to thousands of others in the Recurrent
database. Recurrent’s proprietary algorithm provides battery
performance and range projections across most manufacturers and EV
models. Additionally, the report shows projected range in different
weather conditions, which often decreases in the cold, and what
range an owner should expect after three years of ownership.
“Car dealerships are getting lots of new questions from their
customers about range and battery health,” said Scott Case, CEO and
co-founder of Recurrent. “How does actual EV range vary from EPA?
How does range fluctuate in freezing conditions? And how does that
change over time? The Recurrent Battery Report provides these
answers as an excellent complement to the existing AutoCheck VHR,
providing a complete solution suite for used EV acquisition and
sales.”
Experian clients can now add the Recurrent Battery Report to
their existing AutoCheck subscriptions. To learn more about the new
alliance and see examples of the reports, visit the Experian Booth
(#423) at the NADA Show through Sunday.
For those not attending the show, more information can be found
at https://www.experian.com/automotive/vehicle-history-services or
https://www.recurrentauto.com/.
About Experian
Experian is the world’s leading global information services
company. During life’s big moments – from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers – we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organizations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every
day we’re investing in new technologies, talented people, and
innovation to help all our clients maximize every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian and its affiliates. Other product
and company names mentioned herein are the property of their
respective owners.
About Recurrent
Recurrent was founded in 2020 with the goal to provide more
transparency and confidence in pre-owned electric cars. Through its
comprehensive battery reports for EV owners, buyers and sellers, it
aims to accelerate the overall adoption of electric vehicles.
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Carly Owens Experian Public Relations 1 714 830 5271
carly.owens@experian.com
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