A condition report is a standardized document generated during a vehicle inspection that details the mechanical and cosmetic state of a used vehicle. It typically includes information on the engine, transmission, tires, body panels, interior, and any known defects. At wholesale auctions, condition reports allow dealers to bid on vehicles remotely with confidence, reducing the risk of surprises after purchase.
Condition reports are the foundation of trust in the wholesale marketplace. Without them, buyers must rely solely on their gut or physically inspect every vehicle. A high-quality condition report reduces arbitration claims, speeds up transactions, and allows dealers to source inventory from anywhere in the country without being on-site.