Schaumburg, Ill. — Experian Automotive, a division of global information solutions company Experian Inc., recently announced that the AutoCheck Score, which summarizes information on AutoCheck vehicle history reports into one, straightforward numeric score, is now available to all AutoCheck member customers. The AutoCheck Score helps dealers and their customers more easily interpret the information in a vehicle history report.
Seventy percent of consumers rate a “summary score” as very or extremely useful when making a used vehicle purchase decision. Now, dealers can access the AutoCheck Score to help their customers quickly and easily understand a vehicle’s history as well as when purchasing vehicles for their own lots. Successfully tested by nearly 100 dealerships, the AutoCheck Score is available at no additional cost to all AutoCheck members, including dealers, auto lenders, insurance companies and auctions.
“Used car shoppers demand to have as much information as possible on the vehicle and the market to make their buying choice,” said Dave White of DARCARS Automotive Group.
The AutoCheck Score — a number between 1 and 100 — accurately summarizes the individual items and events in a vehicle’s history in a way that dealers can quickly communicate and consumers can readily understand. The AutoCheck Score does this by factoring key areas of a vehicle’s history including reported title brands, auction announcements, reported mileage, number of owners, accident, theft and repossession history. By weighing all of these information points, the AutoCheck Score provides a clear understanding of the full vehicle history report, helping to eliminate the need to base decisions on any one particular event that may or may not have an impact on the expected life and favorability of the vehicle.
“Auto dealers need an innovative vehicle history report that is easy to explain and understand while managing risk and increasing confidence through all phases of the used vehicle selling cycle,” said Scott Waldron, president of Experian Automotive.
The AutoCheck Score is offered as an added feature of the full AutoCheck vehicle history report and is available in English and Spanish. It is accompanied by the AutoCheck Score Range, which provides extra information on how that vehicle compares to other cars of similar age and class to better help consumers when evaluating a used vehicle.
AutoCheck vehicle history reports, pulling from Experian’s National Vehicle Database of more than half a billion vehicles, help to disclose important events in a vehicle’s history such as major flood damage, frame damage, or odometer rollback issues, along with other key information that can affects a vehicle’s safety and resale value.