LAS VEGAS — Vehicle history reports are becoming easier to understand with the introduction of the new AutoCheck Score, which summarizes information on AutoCheck vehicle history reports into one, straightforward score — a first in vehicle history reporting.
A vehicle’s individualized AutoCheck Score — a number from one to 99 — is based on information contained in Experian Automotive’s AutoCheck vehicle history reports specific to that car’s VIN (Vehicle Identification Number). The AutoCheck Score rates the quality of a vehicle’s history compared to all used vehicles on the road (after 1981) and also provides a relative comparison to vehicles of the similar model year and vehicle class.
“Condensing information into an easy-to-understand and comparable score revolutionizes vehicle history reporting. For both buyers and sellers, having a vehicle’s history summarized into a single score means everyone better understands the history of a car or truck and how it matches up to other vehicles similar in age and class,” said Scott Waldron, president of Experian Automotive.
Select dealers and online portal partners will begin using AutoCheck Score through AutoCheck and AutoCheck Express in the spring. The feature will be available on all AutoCheck vehicle history reports this summer.
Experian Automotive’s vehicle history reports are powered by its National Vehicle database, which has information on more than half a billion vehicles nationwide. Experian researchers developed the patent-pending AutoCheck Score algorithm by studying the histories of more than two million vehicles. Some of the factors used in determining the AutoCheck Score include the age of the vehicle, the number of owners over time and whether it meets the standards to be AutoCheck Assured — meaning the vehicle has no major issues like department of motor vehicle title brands or odometer rollbacks.
Additional factors from the vehicle’s AutoCheck vehicle history report include accident and emission records, whether the vehicle has ever been repossessed or stolen, whether it is a former taxi, police car or government vehicle and whether it was formerly a leased vehicle.