ParallelProof – Correcting the Global Automotive Sales Market.

ParallelProof products support OEMs, Dealerships, Law Enforcement, Insurers & Financial Institutions.

Automotive manufacturers lose billions of dollars every year from vehicles being imported and sold into other regions by unauthorized third parties. Insurers are selling policies to individuals and entities acting fraudulently, and vehicle theft and export are on the rise!

ParallelProof aids its customers in preventing VIN duping, fraud, and theft recovery.

Correcting The Global Automotive Sales Market

Vehicles are purchased in Canada, United States, Europe, Mexico, and the Middle East, and then imported into other regions for resale at unauthorized dealers. This practice is often referred to as grey market exporting or parallel importing. ParallelProof uses technology to manage and prevent vehicles from ever being sold to individuals that intend to export them – saving these OEMs billions of dollars in lost revenue.

Billion Dollars in Lost Revenue

Brands Affected

80000

Vehicles Exported

Major Regions Vehicles Being Exported From

A Growing Problem

Due to inventory shortages and shifting economies, grey market exporting, theft, and fraud has increased substantially. Vehicles are now being grey market exported to more regions of the world than ever seen before!

Our Suite of Tools that Save OEMs Billions

Radar: Our proprietary software tracks all vehicles that leave Canada and go into any other region of the world. This provides OEMs a clear understanding of where their vehicles end up.
Market: Some makes and models sold in Canada are exported up to ~50%, which creates an inflated market share in the automotive market. We provide this data to OEMs, allowing them to analyze their true market share.
Pull I.D.: Pull I.D. is a dealer level tool created by our team to curb exporting at the source. We use I.D. tracking to notify the dealer if they are working with a known exporter, before the vehicle is sold and delivered into the wrong hands.
Pull Plus: Our most advanced prevention tool, uses our proprietary algorithm and analyzes the likelihood that a someone is purchasing a vehicle for export and notifies the dealership selling the vehicle of the risk associated.

Benefits

Reduce Revenue Lost From Grey Market Exporting

Reduce Early Finance & Lease Buy-outs

Proof of Dealer Due Diligence

Protect Your Brand Reputation

Prevent Insurance Fraud

Reduce Time Spent Screening Customers

Determine if a Stolen Vehicle has ben Exported

Real-time Decision Making

Improve Customer Experience

Increase OEM & Dealer Revenue

Request Our White Paper

To learn more about how it works and what we’re doing to prevent grey market exporting, request a copy of our white paper now!