NAICS Code 519290-04 - Automobile Appraisers
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NAICS Code 519290-04 Description (8-Digit)
Hierarchy Navigation for NAICS Code 519290-04
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Tools
Tools commonly used in the Automobile Appraisers industry for day-to-day tasks and operations.
- Measuring tape
- Digital camera
- Flashlight
- Paint thickness gauge
- Diagnostic scanner
- Vehicle history report software
- Calculator
- Computer with internet access
- Inspection mirror
- Magnetic tool tray
Industry Examples of Automobile Appraisers
Common products and services typical of NAICS Code 519290-04, illustrating the main business activities and contributions to the market.
- Insurance companies
- Law firms
- Car dealerships
- Banks and credit unions
- Auction houses
- Government agencies
- Private individuals
- Car rental companies
- Fleet management companies
- Automotive repair shops
Certifications, Compliance and Licenses for NAICS Code 519290-04 - Automobile Appraisers
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Certified Auto Appraiser: This certification is provided by the American Society of Certified Auto Appraisers (ASCAA) and is designed to ensure that the appraiser has the necessary knowledge and skills to accurately appraise automobiles. The certification requires passing an exam and meeting certain experience requirements.
- National Institute for Automotive Service Excellence (ASE) Certification: ASE provides certification for automotive professionals, including appraisers. The certification requires passing an exam and meeting certain experience requirements.
- Uniform Standards Of Professional Appraisal Practice (USPAP): USPAP is a set of standards for appraisers that is recognized by the US government. It covers ethical and professional standards, as well as requirements for appraisal reports.
- International Automotive Appraisers Association (IAAA) Certification: IAAA provides certification for automotive appraisers. The certification requires passing an exam and meeting certain experience requirements.
- National Association Of Independent Fee Appraisers (NAIFA) Certification: NAIFA provides certification for appraisers in various industries, including automotive. The certification requires passing an exam and meeting certain experience requirements.
History
A concise historical narrative of NAICS Code 519290-04 covering global milestones and recent developments within the United States.
- The automobile appraisers industry has been around since the early 20th century when the first cars were produced. In the early days, appraisers were mostly used by insurance companies to determine the value of a car in case of an accident. The industry grew in the 1950s and 1960s as more people started buying cars, and the need for appraisers increased. In recent years, the industry has seen advancements in technology, such as the use of computer software to determine the value of a car. In the United States, the industry has also seen an increase in demand due to the rise of ride-sharing services like Uber and Lyft, which require appraisals of vehicles before they can be used for commercial purposes.
Future Outlook for Automobile Appraisers
The anticipated future trajectory of the NAICS 519290-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The automobile appraiser industry in the USA is expected to grow in the coming years due to the increasing demand for used cars. The industry is expected to benefit from the growing number of vehicles on the road, which will lead to an increase in the number of accidents and insurance claims. The industry is also expected to benefit from the increasing use of technology in the appraisal process, which will help to streamline the process and reduce costs. However, the industry may face challenges from the increasing use of automated appraisal systems, which could reduce the demand for human appraisers. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 519290-04
Recent groundbreaking advancements and milestones in the Automobile Appraisers industry, reflecting notable innovations that have reshaped its landscape.
- Online Appraisal Services: Online appraisal services have become increasingly popular in recent years, allowing customers to receive appraisals without leaving their homes.
- Mobile Appraisals: Some companies now offer mobile appraisals, where appraisers come to the customer's location to perform the appraisal.
- Use Of Drones: Some appraisers are now using drones to inspect vehicles, which can help to identify damage that may not be visible from the ground.
- Artificial Intelligence: Some companies are using artificial intelligence to help appraisers identify damage and estimate repair costs.
- Blockchain Technology: Some companies are exploring the use of blockchain technology to create a secure and transparent record of a vehicle's history.
NAICS Code 519290-04 - Automobile Appraisers
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