• Vehicle History Reports-CARFAX vs AutoCheck vs NMVTIS. Which is Best for Your Dealership?

  • Jul 17 2024
  • Duración: 26 m
  • Podcast

Vehicle History Reports-CARFAX vs AutoCheck vs NMVTIS. Which is Best for Your Dealership?  Por  arte de portada

Vehicle History Reports-CARFAX vs AutoCheck vs NMVTIS. Which is Best for Your Dealership?

  • Resumen

  • A Vehicle History Report (VHR) is a detailed

    document that provides information about the history of a specific vehicle.

    Carfax is perhaps the most

    well-known vehicle history report provider. It aggregates data from thousands

    of sources, including state DMVs, auto auctions, repair shops, and insurance

    companies. Carfax reports are comprehensive and widely trusted by consumers and

    dealers alike.

    Key Features:

    Accident History: Provides

    detailed information about reported accidents and damage.

    Service Records: Lists maintenance

    and service history if available.

    Title Information: Checks for

    title issues like salvaged or rebuilt titles.

    Ownership History: Shows the

    number of previous owners.

    Odometer Readings: Verifies

    mileage to detect odometer rollback.

    Owned by Experian, AutoCheck

    offers vehicle history reports similar to Carfax but may access different

    databases and emphasize different aspects of a vehicle’s history.

    AutoCheck

    is a service that specializes in compiling and presenting comprehensive Vehicle

    History Reports. AutoCheck reports draw data from multiple sources, including

    government agencies, insurance companies, dealer auctions, and service

    facilities. One thing that separates AutoCheck form other Vehicle History Report

    Providers is that it complies more data directly from dealer auctions. So it

    compiles more data about how many times a specific vehicle has been sold

    wholesale, you might find a specific vehicle has changed hands from a multitude

    of dealers and that could be a buy you might want to avoid.

    Score: Provides a score based on

    the vehicle's history, helping dealers quickly assess its condition.

    Auction Data: Includes information

    from public auctions, dealer auctions, and other wholesale transactions.

    Accident Data: Analyzes reported

    accidents and damage.

    Odometer

    Check: Verifies mileage discrepancies.


    National Motor Vehicle Title Information System

    Established under the Anti Car

    Theft Act of 1992, its creation was


    in response to increasing concerns

    over vehicle theft and fraud across the United States. Prior to its

    establishment, there was no centralized system to effectively track vehicle

    titles and histories nationwide. This lack of transparency made it easier for

    criminals to alter or counterfeit vehicle titles, which led to selling stolen

    vehicles or vehicles that have had their odometers fraudulently altered.

    The Anti Car Theft Act of 1992

    laid the groundwork for NMVTIS, mandating the creation of a national title database

    This National Title database would provide crucial vehicle history information

    to various stakeholders, including law enforcement agencies, consumers, and

    businesses involved in the sale and purchase of vehicles.

    Key Features:

    Title Information: Verifies the

    current state of title and any previous brands (e.g., salvage, rebuilt).

    Odometer Readings: Checks for

    odometer discrepancies reported to NMVTIS.

    Theft Check: Indicates if the

    vehicle has been reported stolen.


    Learn more at https://dealerslicense.com

    Or start your free trial and get a $250 credit for Dealer Management Software that runs Vehicle History Reports for as little a $.25 apiece at:

    https://get.dealercenter.com/get-a-demo/automobile-dealer-training-association/



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