CARFAX Announces Partnership with National Auto Auction Association; Union Designed to Implement New Auction And Data Programs.Business Editors/Hi-Tech Writers FAIRFAX, Va.--(BUSINESS WIRE)--Jan. 28, 2002 CARFAX(R), pioneer of the vehicle history report, and the National Auto Auction Association (NAAA NAAA National Association of Arab Americans NAAA National Aircraft Appraisers Association NAAA National Agricultural Aviation Association NAAA National Auto Auction Association NAAA National Aboriginal Achievement Awards NAAA National Alarm Association of America ) today announced their partnership to help better serve the auto auction industry. One immediate service spawned from this strategic alliance is the creation of a new toll-free CARFAX hotline, which allows auctions to immediately report suspected clerical discrepancies found in the paperwork that builds the reports. Cooperative efforts between the entities also include a reciprocal agreement Reciprocal agreement is an agreement between two U.S. states to allow members of the Bar association from each state to practice in the other. Thus, lawyers who wish to practice in two states do not have to take the bar examination in both states. for data verification and greater participation by CARFAX experts in NAAA sponsored events. Already two CARFAX executives attended and spoke at NAAA's national conference in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . "The dealer is our common customer," said President of CARFAX, Dick Raines, "By working closely with NAAA, we can ensure that the dealer gets the most accurate vehicle history data and avoids problem cars." "By improving and monitoring vehicle history data to the wholesale remarketing industry, NAAA and Carfax will further reduce such fraudulent practices as odometer fraud Odometer fraud is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer. and title laundering of stolen or salvaged vehicles, which victimize auctions, dealers and consumers alike," said National Auto Auction Association (NAAA) President, Raymond C. Nichols. "If we can detect and deter these practices at the auction level, everyone benefits." This alliance and the resulting programs demonstrate how CARFAX is constantly working to improve the quality and value of their vehicle history reports. CARFAX invests heavily in the acquisition and processing of the most accurate and current vehicle history data available constantly expanding both the type of data compiled and the prospective sources for it. Backing this data is the CARFAX $5,000 Clean Title History Guarantee, which is included at no additional charge for every CARFAX Vehicle History Report which shows a clean title history. ABOUT CARFAX Founded in 1984, CARFAX pioneered the concept of the vehicle history report - the instant background check on any used car. CARFAX Vehicle History Reports can confirm a clean title history or identify serious problems with any used car, including salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. history, odometer fraud, flood damage and more. CARFAX helps millions of consumers and thousands of car dealers avoid buying used cars with costly hidden problems. Using the 17-character Vehicle ID Number (VIN VIN Vulvar intraepithelial neoplasm, see there ), used car buyers can access over 1.6 billion vehicle history records from hundreds of different sources in the CARFAX nationwide database at www.carfax.com. Every CARFAX Report that confirms a clean title history is backed by the $5,000 Clean Title History Guarantee. CARFAX, Inc., based in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the R.L. Polk & Co. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion