Toyota Tsusho Introduces UVeye Vehicle Inspection System at USS Tokyo, Japan's Largest Used Vehicle Auction Site
- Promoting online transactions of used vehicles through use of digital technologies -

  • Global Parts & Logistics

2021-02-04

Toyota Tsusho Corporation ("Toyota Tsusho") announced today that its wholly owned subsidiary Toyotsu Automotive Creation Corporation ("TAC") and USS Co., Ltd. ("USS") are introducing the UVeye vehicle inspection system at USS Tokyo, the largest auction site for used vehicle auctions in Japan. USS is Japan's largest used vehicle auction provider and UVeye is a system from UVeye Ltd. of Israel, a company which Toyota Tsusho has made an investment in.

TAC and USS first introduced UVeye in Japan at the Nagoya auction site in October 2020. Auction members are provided with high resolution images of auction vehicles' undercarriage and wheels obtained by UVeye. This allows members to discern the conditions of vehicles without having to actually go to the auction venue in the midst of the COVID-19 pandemic, which highly appeals to Internet members who participate in the auctions online. At USS Tokyo, the second site for the system's introduction, a newly developed function for taking photographs of tire tread grooves has been added and will commence operation from today February 4, 2021.

UVeye is a unique system which detects vehicle's anomalies instantly by 1) scanning and creating 3D images of the undercarriage, body and wheels and then 2) conducting AI-based image analysis. The introduction of this system will increase efficiency and fairness of vehicle inspection, which is usually done by man.

Senior Managing Director Masayuki Akase of USS commented, "At the Nagoya auction site, through the cooperation of Toyota Tsusho and TAC, we were able to introduce UVeye without significant changes to the vehicle photography process that came with putting vehicles up for auction. Through the high resolution images the UVeye has allowed customers to visualize parts they were previously unable to see, which has contributed to the added value. Going forward, we hope to continue cooperating with Toyota Tsusho and TAC to meet customers' needs through the promotion of digital transformation in used vehicle transactions."

In the future, TAC and USS will work to introduce UVeye at other sites, and at the same time, jointly evaluate and discuss operation of vehicle inspection systems that include AI-based image analysis to increase efficiency in vehicle inspection.

Toyota Tsusho will work to expand the added value of existing businesses and create new ones through the use of digital technologies.



Undercarriage scanning unit



Tiers, wheels and tire grooves photographing unit



Undercarriage image



Tires and wheels image

Reference

・Toyota Tsusho Invests in UVeye, a Company in the Business of Utilizing AI-based Image Analysis in Vehicle Inspection Services (2019-06-19)
https://www.toyota-tsusho.com/english/press/detail/190619_004400.html

・Toyotsu Automotive Creation Signs a Business Agreement with USS, the Largest Used Vehicle Auction Provider (2020-02-21)
https://www.toyota-tsusho.com/english/press/detail/200221_004567.html

Overview of USS Co., Ltd.

Company name
USS Co., Ltd.
Location
Tokai-shi, Aichi Prefecture, Japan
Established
1980
Capital
JPY 18,881 million
Employees
Full-time employees: 631; part-time employees: 92 (As of September 30,2020)
Representatives
Chairman and Representative Director, Chief Executive Officer : Yukihiro Ando
President and Representative Director, Chief Operating Officer : Dai Seta
Business description
Management of used vehicle auction

Overview of UVeye Ltd.

Company name
UVeye Ltd.
Location
Tel Aviv, Israel
Established
2016
Capital
US$35 million
Employees
100 (As of January 31,2021)
Representatives
CEO & Co-Founder Amir Hever
Business description
Development of automatic anomaly detection systems and diagnostic services for vehicles utilizing AI

Overview of Toyotsu Automotive Creation Corporation

Company name
Toyotsu Automotive Creation Corporation
Location
Nagoya, Aichi Prefecture, Japan
Established
2009
Capital
JPY 10 million
Employees
134 (As of April 1,2020)
Representatives
President Yoshiyuki Murai
Business description
Development and sales of automotive genuine parts & genuine accessories

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.