Tag: AutoCheck Vehicle History Report

In our continued efforts to make vehicle information and insights quick and easy to read for auto dealers, we’ve redesigned our AutoCheck vehicle history report. As competition for used vehicles remains high, dealers must make quick decisions on whether to acquire a potential vehicle. Whether you need to evaluate a trade-in or want to make a flat-out offer on a vehicle, quickly accessing the vehicle’s history is only the first step. We’ve made it even easier for you to get key information in our newly designed report.                               We are confident that the newly designed report will continue to help dealers better manage risk and confidently buy and sell the right vehicles.Did you know?• AutoCheck has data from over 95% of U.S. auction houses with 99.82% manufacturer coverage of open recall data for vehicles on the road • Experian aggregates and analyzes tens of thousands of distinct accident sources; many provided only to AutoCheck • AutoCheck has exclusive Auction Announcement data for up to 2.7% of vehicles in operation (that have been to an auction)• We’re the only VHR provider integrated on all the top consumer vehicle shopping sitesHow AutoCheck can help improve your business You may also be interested in learning how AutoCheck VHRs can improve your business by reading Vehicle Detail Pages with a Free VHR Have Higher Lead and Sale Conversion Rates or how we helped a large insurance company better manage risk in our case study, LexisNexis Helps Manage Risk for National Insurance Company. Learn more about the benefits of becoming an AutoCheck subscriber.

When acquiring inventory for your used lot, using AutoCheck Vehicle History Reports is like an ‘insurance’ policy! As the industrial-strength vehicle history report, AutoCheck helps dealers manage risk and confidently buy and sell more of the right vehicles. We’re so confident in our solution that we offer buyback protection. When is AutoCheck Buyback Protection available? AutoCheck Buyback Protection is available for vehicles with an AutoCheck vehicle history report if a certain title brand is found after the vehicle is reported to be free of the brand. AutoCheck Buyback Protection provides: A full year of coverage to protect consumers from major title problems that the Department of Motor Vehicles may have missed Coverage for the purchase price of the vehicle (up to 110% of the NADAguides.com published retail value) PLUS up to $500 in aftermarket accessories Title brands covered by the Buyback Protection plan include: Junk or salvage Dismantled, rebuilt, or reconstructed Flood damage Hail damage Fire damage Bought back by the manufacturer (“lemon law”) Odometer exceeds mechanical limits Odometer was not actual mileage How do consumers take advantage of AutoCheck Buyback protection? Consumers must register for AutoCheck Buyback protection within 90 days of the vehicle purchase date The AutoCheck report must have been run before purchasing the vehicle Consumers must provide a copy of the front and back of the branded title certified by the issuing state. The branded title must have been issued at least 60 days before the AutoCheck vehicle history report was run. Consumers must complete and submit a claim form and provide a complete copy of the AutoCheck vehicle history report Consumers have one year from the vehicle history run date to file a claim Don’t forget to remind your customers to register for the protection plan! Manage risk and protect your business with AutoCheck AutoCheck vehicle history reports can help you make the most informed decisions and minimize risk when purchasing a used vehicle! With tens of thousands of distinct accident sources, AutoCheck has more accident data than other providers. AutoCheck has data from over 95% of U.S. auction houses with 82% manufacturer coverage of open recall data for vehicles on the road We aggregate and analyze tens of thousands of distinct accident sources; many provided only to AutoCheck The only VHR integrated on all the top consumer vehicle shopping sites Become an AutoCheck Member Today!  

We’ve listened to user requests and created a mobile app that offers a quick and simple way to scan (or enter) a VIN to view AutoCheck Vehicle History Reports (VHRs)! Along with our recently launched AutoCheck Member site, the mobile app continues our efforts to make information and insights easy to access. With AutoCheck VHRs, you can: • Better manage risk and confidently buy and sell the right vehicles • Make more strategic decisions when stocking the right inventory • Have the right combination of information and insights to more strategically market to consumers With the new mobile app and re-designed member site, AutoCheck makes staying informed easier than ever by putting AutoCheck at your fingertips on your mobile device. Leave your notepad on your desk when appraising a trade, and simply scan a VIN to view the VHR instantly. How to get started The AutoCheck mobile app is available for AutoCheck members using Android or Apple phones/tablets. Simply download the app to see how easy it is to access vehicle history reports. Quickly use the app during trade appraisals to pull a VHR on the spot! You can also use the app to quickly scan a VIN, eliminating the possibility of incorrectly “typing” in the wrong VIN. The full VHR is optimized to be easy to read on your mobile device, giving you all the necessary information to make a good acquisition decision. The AutoCheck mobile app also offers members access to a report history to quickly review past vehicle reports you have run. Did you know? AutoCheck has data from over 95% of U.S. auction houses with 99.82% manufacturer coverage of open recall data for vehicles on the road Experian aggregates and analyzes tens of thousands of distinct accident sources; many provided only to AutoCheck We’re the only VHR provider integrated on all the top consumer vehicle shopping sites In this short video, you will see sample mobile and tablet screens including how to enter or scan a VIN, view a Vehicle History Report, and learn how to see recently run VHRs. How AutoCheck can help improve your business You may also be interested in learning how AutoCheck VHRs can improve your business by reading Vehicle Detail Pages with a Free VHR Have Higher Lead and Sale Conversion Rates or how we helped a large insurance company better manage risk in our case study, LexisNexis Helps Manage Risk for National Insurance Company. For dealers interested in learning more about the benefits of becoming an AutoCheck subscriber, contact us today!

At Experian, we like to share success stories with automotive professionals—especially when it relates to one of our solutions—AutoCheck! Below is a case study involving our client, LexisNexis. We discuss how they were able to help their customer, a large national insurance company utilize AutoCheck vehicle history data to help manage risk and ensure more accurate underwriting. The challenge: LexisNexis Risk Solutions is a leader in providing essential information to help customers assess, predict, and manage risk. So, when a national insurance client asked them to evaluate the automotive mileage data model they were currently using for their underwriting, LexisNexis was happy to help. The client wanted to make sure they were analyzing the most accurate, up-to-date mileage data available. They wanted to make sure they were best managing risk, while continuing to offer competitive rates and a high level of customer service to their prospects and client base. The approach: First, the LexisNexis team set out to validate the frequency of recent VIN-level mileage data being populated into the current mileage model. They prepared a data analysis for their client, comparing length of ownership to the age of the oldest reported odometer reading based on AutoCheck vehicle history data. Second, they reviewed the frequency of current AutoCheck mileage data records and compared that data to AutoCheck vehicle history records. They wanted to determine if there were more mileage records being reported currently versus in the past. The LexisNexis team analyzed a large sample of VIN records with impressive results. The solution and outcome: When the team compared data from mid-2020 to that from late 2021, the analysis confirmed there were more VINs populated with mileage records with the data pulled from late 2021. Specifically, 45% of VINs had mileage records from within the last three years that did not previously have a mileage record within that time frame. The national insurance company was thrilled with the lift in mileage data year over year! In summary, because AutoCheck vehicle history data is constantly enhanced and expanded, we can provide reliable, accurate data to industry leaders like LexisNexis so they can offer the best insights to their client relationships. Recent mileage data is a critical component to use when evaluating a vehicle’s history. Experian Automotive is committed to continuously expanding our AutoCheck vehicle history data overall, including the frequency and recency of reported mileage information. AutoCheck is the industrial-strength vehicle history report that automotive professionals trust to help manage risk and confidently underwrite more of the right vehicles. To learn more about the many benefits of becoming an AutoCheck subscriber contact us today.

It’s that time of year. All my tax documents are rolling in and I know I need to start working on my taxes. Like most Americans, I’m hoping to end up with a refund! In 2020, 170M people filed tax returns and according to the IRS, they issued almost $126M in refunds.¹ Additionally, 2020 surveys revealed that as much as 9 percent of over 100 million taxpayers spent their refunds on major purchases, including new or used cars!2 As a dealer, it’s not uncommon to see an influx of consumers looking to purchase a vehicle around tax refund time. This year, with the continued shortage of new inventory, dealers can look for consumer interest to remain focused on pre-owned vehicles. Take advantage of shoppers by optimizing your online presence Dealers can help buyers by making it easy for them to quickly find vehicle history information on all your online inventory. One of the best ways to do this is by providing an AutoCheck® Vehicle History Report on your Vehicle Detail Pages (VDPs). Be sure to provide this information on all consumer shopping portal sites where you list your inventory. Why is this important? Because seventy-eight percent of consumers visit two or more sites during their shopping journey.3 You need to do everything you can to quickly capture their attention, increase lead conversion and close rates for your inventory. So, why AutoCheck VHRs? Because AutoCheck is the only vehicle history report listed on all the top consumer vehicle shopping portals. Your VHRs are on display where consumers are shopping online. We work with all the top online automotive shopping sites to help dealers like you optimize your online presence. Consumers use VHR information to make purchase decisions Our research shows that consumers increasingly use vehicle history information to narrow their consideration pool and filter search result pages to help make purchasing decisions. This transparency about a vehicle’s history (that could include damage and accident information) is what consumers are seeking. It’s never been easier for dealers to share key vehicle history data to help consumers make an informed decision so they can turn to your dealership to purchase. For dealers that are not yet subscribers, here are a few other things you may not know about AutoCheck vehicle history reports. We do not re-market to shoppers or display competitive units as alternatives on your AutoCheck.com VDP listings. Our goal is to help your dealership sell your inventory. For dealers with an AutoCheck subscription, you can activate your vehicle listings for free on AutoCheck.com by calling client services at 1 888 409 2204. For dealers who are interested in learning more about the benefits of becoming an AutoCheck subscriber contact us today. Happy tax season! 1. https://www.cnbc.com/2021/03/31/will-you-get-a-tax-refund-or-owe-the-irs-32-percent-of-americans-dont-know.html 2. https://santanderconsumerusa.com/blog/do-people-really-buy-new-cars-with-their-tax-refunds 3. Car Buyer whitepaper. https://www.coxautoinc.com/wp-content/uploads/2021/02/Cox-Automotive-Car-Buyer-Journey-Study-Pandemic-Edition-Summary.pdf

We conducted a study of thousands of online listings to better understand what details are crucial for VDPs, which Kirsten Von Busch will be debuting the results of at the NADA Show in March.

As we head into 2022 there continues to be heightened interest in auto auctions. Experian has observed a little cooling in auction activity in some parts of the western U.S., but the Central, Eastern and Southern geographies continue to see high unit activity, as depicted in the chart below.  Let's take a look at how vehicle history data can help consignors make more informed decisions before auction. (Click here to access these insights directly). Review vehicle history data before auction assignment During this current climate, you can make the most of every auction (whether physical or digital) by reviewing vehicle history data before assignment. Have you ever brought inventory to a physical auction only to realize the vehicle had issues you didn’t know about?  This can catch consignors off-guard and prove costly. So, how can you take advantage of vehicle history reports to help make better purchasing decisions? Vehicles with damage aren’t a lost cause, but rather consignors need to be strategic about where they send damaged vehicles to auctions to ensure the sale and maximize the sales price. A little extra research can help uncover hidden issues and vehicle damage. Vehicle history reports reviewed prior to auction assignment can assist consignors in uncovering vehicle damage and determine if the vehicles are appropriately priced to move before locking in their auction location. A quick review of the vehicle’s history report for major state title brands can reveal areas of concern and will also show other major problems, such as accidents, damage and total insurance loss. If damage or a major concern is uncovered, consignors can proactively evaluate the auction assignment.  For example, the vehicle might have a better chance at selling in a hotter market like the Central, Southern, or Eastern U.S. than in a Midwest market. The key is to always know before you go by taking advantage of region and channel data to help ensure the most profitable sale. “Know before you go and tell before you sell,” says Joe Miller, VP of Client Experience at AutoIMS, the popular inventory management platform serving auctions and commercial consignors. “We continue to hear how vehicle history is influencing decisions not only about which auction to send the car to, but what repairs to perform, how best to floor price the car, and how to represent it in the lane. A new era of data-rich transparency is upon us in auto remarketing, and those tapping into the VHR will ultimately save time and make more money as they improve their reputation in the lanes.” By leveraging the Experian AutoCheck Vehicle History Report, consignors have quick and easy access to information that can help them make more informed, profitable decisions. To become an AutoCheck Vehicle History Report subscriber, sign up today.

There are over 280M cars and light duty trucks on the road and over 25% have at least one open recall. Do you know which of your online units have an open recall? Would it be helpful to your business if you had up-to-date recall information available every day—automatically? AutoCheck® dealerships can receive an emailed daily Open Recall Inventory Check Report as part of their AutoCheck subscription. The report (PDF format) will show dealers which of their online listings have an open recall. The report will list inventory that has open recall(s) based on pre-owned vehicles the dealer has listed on AutoCheck.com. Having an easily reviewable report delivered to your Inbox is a great way to stay on top of internal recall policies and procedures. Taking care of open recalls is good for business Taking action on recalls is also good for business. Consumers searching your online inventory want transparency from their dealer and running across a vehicle that has an open recall may not be in the dealer’s best interest. Taking care of that recall and ensuring that a consumer doesn’t stumble across it during the purchase process is good for consumer loyalty. Another AutoCheck dealer benefit is the option to list pre-owned inventory on CarZing and AutoCheck.com for no additional fee. AutoCheck is the exclusive vehicle history report provider on CarZing.com, so the CarZing vehicle details page will display both AutoCheck data elements and provide a link to the full AutoCheck report. Any AutoCheck dealer displaying their inventory on CarZing will automatically have their inventory available via the “Finding Vehicles” search features on AutoCheck.com. (Yes, you read that correctly – dealers can list their inventory on CarZing and AutoCheck.com for NO additional fee – it’s part of their AutoCheck subscription!) In addition, any dealer listing their inventory on AutoCheck.com can also receive the AutoCheck Open Recall Inventory Check report.  Please note that Experian provides the AutoCheck Open Recall Inventory Check Report based upon recall information reported and made available to Experian by the applicable automotive manufacturer(s). Clients should check the automotive manufacturer’s website for the most current recall information for all inventory vehicles. For dealers with an AutoCheck subscription, you can activate your vehicle listings for free on AutoCheck.com and CarZing.com, by calling client services at 1 888 409 2204. For dealers that are not yet subscribers, here’s a few other things you may not know about AutoCheck Vehicle History Reports. We do not re-market to shoppers, resell VDP leads or offer your competitors inventory for consideration on AutoCheck.com. Our goal is to help your dealership sell your inventory. For dealers who are interested in learning more about the benefits of becoming an AutoCheck subscriber contact us today.