Carfax Badging, and maybe other 3rd party listing badging
- By DrewAment
Just had a meeting with Carfax - the badging came up (good, fair, etc). I asked what was the cadence for applying a badge and level. They said it was algorithmic and that they (corporate) does not share. WHAT??? So no customer, or dealer, transparency on why you are badging a vehicle a certain way?
When you click the info button, the website says - for great == "The dealer has priced this car well below the CARFAX History-Based Value."
Note the rep is saying it is more than just price, it is "history based" and takes into account the vehicle history. Like how?
So 2 questions....
1 - do you care that the rating is algorithmic but they don't share, even on basic level, the WHY of the badging. What would push it from good to great?
2 - Do you use these badges, and price/reprice accordingly, when pricing your vehicles for your website and 3rd party listings?
When you click the info button, the website says - for great == "The dealer has priced this car well below the CARFAX History-Based Value."
Note the rep is saying it is more than just price, it is "history based" and takes into account the vehicle history. Like how?
So 2 questions....
1 - do you care that the rating is algorithmic but they don't share, even on basic level, the WHY of the badging. What would push it from good to great?
2 - Do you use these badges, and price/reprice accordingly, when pricing your vehicles for your website and 3rd party listings?