We've written about how condition reports have become more crucial than ever to the wholesale vehicle-buying process, and the reason for this is obvious. The coronavirus pandemic has forced large numbers of dealers to buy more used inventory remotely.
Within condition reports, images are a key component intended to give buyers confidence in the vehicles on which they're bidding. Good pictures can tell potential buyers a lot about what they could be buying from a Michigan auction and shipping to their Texas store, for example.
A new investment in Black Widow Imaging, a company that specializes in imaging technology for the auto sector, underscores not only the value that quality photos can add to the car-buying equation, but also how important they've become to wholesaling in the COVID-19 era.
Black Widow last week said it had secured $1.5 million in private equity investment, adding to the $3.5 million it had raised previously. The money will go toward u…