Avoid High vehicle repair costs by using DYI Vehicle Diagnostic Products…..

DYI Vehicle Diagnostics

DYI Vehicle Diagnostics

There are close to 300 million cars in the US

The average household spends 400 to 800 dollar’s on repairs every year

the auto repair industry has an annual sale of $100 billion dollars.

95% of which are performed by technicians and body shops

Can we provide a solution to consumers to perform easy repairs that account for 20 percent of the procedures which is 20 billion dollars annual sale?

Let’s see what would be the use cases that can be leveraged by a DYI product

Existing Products

  • DTC’s
  • Freeze frame
  • Actual values

Value to the user

A quick scan for Diagnostic trouble codes – Well that’s not a complete solution it gives the user the ability to see what the trouble code is and erase it, The user has to still visit a workshop to complete the procedure and the user is not sure what the cost would it be for the repair procedure. Also, the user has to go back to google to search for an auto shop to get his car fixed. This feature is adding very little value to the user.

Actual value – It allows the user to view the Actual value for his vehicle, This is also a half baked solution with less value.

Drawback’s

  • The solution provided lacks an end to end complete solution and doesn’t add much value to the user.
  • The solution has a very short user session and fails to extend user sessions spent on the app.
  • UI is not user-friendly.

Use cases that add value to users ( Personal vehicle’s )

Can we provide and solution to consumers to perform easy repairs that account for 20 percent of the procedures which is a 20 billion dollar market( NA)?

Predictive Maintenance Scheduling & Market place

  • Maintenance alerts are notified to the customer on his mobile through the application which might include alerts for ( Oil changes, Cabin filter changes and wiper changes, etc).
  • Parts necessary for the maintenance can be purchased in the app with one click using credit card on file or apple pay.
  • Users can also subscribe to ordering parts so that application orders parts for them based on the feedback from the device connected to the vehicle.
  • The app will also give the user suggestion’s on close-by body shops filtered by the service user needs and an appointment can be scheduled directly inside the app.

Proactive repairs by predictive diagnostics

  • Diagnosis alerts through periodic scan on the vehicle.
  • Reporting any issues and suggesting the solutions and cost estimation to the customer.

Fair Repair estimates

  • Repair estimation for repair procedure that needs to be performed to the vehicle so that the user gets a true sense of the problem.

Mileage ( Better Mileage suggestions )

  • Better driving suggestions for the driver so that the user can get a better mileage performance from his vehicle.

Drive rating

  • Rating the driving skills of the user so that the user understands how his driving is effecting his vehicle performance and also suggestion on how can the user’s improve their skills to get the best performance from the vehicle.

Driving pattern

  • Suggesting users the best route to drive through to improve mileage and vehicle performance.

Big Data analytics and AI

  • Leverage analytics tools and AI algorithms to identify diagnostics patterns and user driving patterns.

Use cases that add value to users ( Fleet & Rideshare vehicles agencies)

The global fleet management market size is expected to grow from USD 15.9 billion in 2018 to USD 31.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period.

Proactive repairs by predictive diagnostics and maintenance planning

  • Maintenance alerts are notified to the agency and the driver.
  • Diagnosis alerts through periodic scan on the vehicle.
  • Alerting the agency on any issues and suggesting the solution’s for the problems.
  • Agency can also subscribe to ordering parts so that application orders parts for them based on the feedback from the device connected tot he vehicle.

Vehicle tracking & Increased vehicle uptime 

  • Tracking the vehicle and send out the report to the agency with better route recommendations.
  • Provide the agency to track the vehicle in real-time.
  • Providing the agency the ability to remotely diagnose the vehicles.

Mileage ( Better Mileage suggestions )

  • Better driving suggestion for the driver so that he can get better mileage and performance from his vehicle.

Drive rating

  • Rating the driving skills of the user and reporting them to the agency for which they work.

Driving pattern

  • Suggesting drivers the best route to drive through to improve mileage and vehicle performance.

Fair Repair estimates

  • Repair estimation for repair procedure that needs to be performed to the vehicle so that the user gets a true sense of the problem.

Big Data analytics and AI

  • Leverage analytics tools and AI algorithms to identify Fleet management patterns and efficiency opportunities.

Sources