In December 2012 Automotive News published a piece on dealers unhappy with Carfax, alleging that the most well known used vehicle history reporting company had maneuvered itself into a monopolistic position. Dealers were paying the price for it by being charged more for Carfax reports than they'd have to pay for those from similar agencies, and there was nothing they could do about it. Now it will be for a judge to figure out: Automotive News reports that 120 dealers have joined a class-action l
Consumers often confused by what reports offer when used-car shopping
Checking a Carfax report has become such an ingrained part of the car-buying experience that many consumers assume that it's a definitive document that captures the complete history of a car. It's not.
It really wasn't long ago when it required six days to bake a potato and just taking any kind of winged flight was something special. Now a man can skydive from 128,000 feet above the Earth and pretty soon Wal-Mart will stock space flight suits next to the wicker outdoor furniture.
Sure enough, the upcoming Sprint Cup Carfax 400 will be paced by none other than the Blue Oval's tiny 2011 Fiesta Sedan. With less than a third of the displacement of the tube-frame beasts lapping Michigan International Speedway, we wouldn't quite expect lightning-quick pace laps, but hey – safety first. While pace cars are typically some sort of performance product, manufacturers aren't past parading less than muscular new hardware in front of the captive audiences of the raceway.
Consumers wary of purchasing vehicles off eBay may take a bit of comfort in the online auction site's announcement that all vehicles built since 1981 will now include free vehicle history reports effective today. The "AutoCheck" information, supplied by Experian Automotive, will detail whether vehicles have been involved in major accidents, have salvage titles, have been stolen or repossessed, have had their odometers tampered with, or have seen special duty as a taxi or police vehicle. Of cours
Many used car buyers are completely unaware that their airbags might not deploy in the event of an accident. There are a few reasons for this, but the most prevalent is a scam in which a car that's experienced a previous collision has had its deployed airbag improperly replaced, sometimes with stolen airbag units from other cars and sometimes with nothing more than stuff like packing peanuts or whatever else was lying around the shop.
var digg_url = 'http://digg.com/business_finance/Attorney_estimates_Carfax_correct_60_of_the_time'; Many car-shoppers rely on Carfax to find information that may not be revealed by a dealership or independent seller. With so many cars selling on places like eBay Motors and Auto Trader, Carfax is one of the few ways to get information on a vehicle you've probably never seen in person. Just last month, however, Carfax settled a lawsuit in which it was accused of misleading customers to think it
CarFax is becoming an increasingly popular tool used by both buyers and sellers of vehicles as a way to verify a vehicle's history. Unfortunately, the internet-based service outfit has had to settle a class-action lawsuit that accuses the company of misleading customers into thinking that its reports contain more information than they really do. Despite the settlement, CarFax admits to no wrongdoing.