Sparta Commercial Services recently launched its new subsidiary, Specialty Reports Inc. (SRI), which will do business as Cyclechex. SRI intends to offer online access to detailed product ownership and usage reports for various classes of previously owned assets, reported the company.
Cyclechex is an online service that will provide detailed motorcycle history reports to consumers, retail dealers, lenders and insurers.
Cyclechex will offer, for a fee, a historical report that may include information about accidents and crash report data, along with title information, documented last recorded mileage, lemon law status and the number of previous owners. The Cyclechex system tracks the motorcycle’s history through its Vehicle Identification Number, a 17-character unique identifier for every production vehicle in the world, regardless of the country of origin.
Commenting on the launch of Cyclechex, Jeff Dobish, executive vice president of marketing for the new Sparta subsidiary, said, “According to Powersports Business there are now four times as many preowned motorcycles being sold in the U.S. versus new. These statistics make the value of a Cyclechex report self-evident, whether you’re a consumer looking to purchase a used motorcycle from a private party, a dealer who routinely takes in used units as trade-ins, or a dealer who wants to offer an additional level of assurance to customers wanting to purchase a preowned vehicle.”