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CarFax launches new history impact tool - Press Release
- Thread starter Alex Snyder
- Start date
- Apr 20, 2009
- 14
- 0
- First Name
- Matt
After meeting with our new Carfax Rep today, I was left with the impression that they are not changing their policy on valuations. My opinion is that they should use their resources and manpower to correct the odometer issues from minimum wage Walmart oil change guys before starting a new venture that they know NOTHING about. I will still use them for our CPO vehicles, but I'm calling Autocheck!
I have a Honda van that was involved in an accident that we did not know of as it wasn't disclosed to us when we bought it used from a dealer...we are now upside down with this car and discovered that at the first time we tried trading it in...we are looking at a $1500 loss in value due to CARFAX's BS!!!!!!! We didn't have the accident .. we are now paying for it..there has to be a better system!
✨ AI Highlights
The thread reacts to CarFax's launch of a history-based vehicle pricing tool, with dealers, consumers, and industry observers pushing back hard against CarFax's authority to assign dollar values tied to accident history. A dealer recounts a 32-minute call where even a CarFax rep couldn't explain the pricing methodology, while another dealer scheduled a formal meeting demanding transparency on the book value and criteria used. The key takeaway is that dealers feel CarFax is overstepping into valuation territory it isn't qualified for, and several announced they're switching to AutoCheck as a result.
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