Tag: Experian Auto Vehicle History

As competition for used vehicles remains fierce, dealers must make quick decisions on whether to acquire a potential vehicle—or someone else will. Whether you need to evaluate a trade-in or want to make a flat-out offer on a vehicle, quickly accessing the vehicle’s history is only the first step. What if you could determine the likelihood that a vehicle will be on the road in five years and compare it to other similar vehicles? Would this help in your decision-making? Use the AutoCheck Score to evaluate vehicles for your lot The patented AutoCheck ScoreSM was developed to help dealers determine the likelihood that a vehicle will be on the road in five years. The AutoCheck Score summarizes vehicle history data into an easy-to-understand “score” and provides an equivalent score range. Understanding the likelihood that a unit will still be on the road in five years gives dealers more perspective on a vehicle’s desirability and can help you accurately price it. Use the AutoCheck Score to more accurately merchandise vehicles The AutoCheck Score range will give you similarly aged and classed vehicles for comparison that you can use to help merchandise the vehicle for market and help manage consumer conversations regarding the vehicle’s price. How does the AutoCheck Score work? The AutoCheck Score analyzes various characteristics, including age, segment, mileage, number of owners, vehicle use, vehicle events, accidents, theft, and title brands. Essentially, this score summarizes the AutoCheck Vehicle History Report fields and delivers a “score range” that allows you to compare the actual vehicle (score) to other similarly aged and classed vehicles. The score is based on a scale of 1 to 100, but reading the score in conjunction with the score range is essential since looking at the score without knowing the range will reveal only half the story. Check out the example below. Car #1 has a lower score than Car #2. However, look at the score ranges (73-86). For Car #1, other comparable vehicles should fall into a range from 73 to 86, and this car scored an 84. That means the vehicle is within the AutoCheck Score range compared to other similar cars of the same age and class. Car #2 has a score of 89. Because this is higher than Car #1’s score, you might assume this car has a more favorable vehicle history, but that’s not entirely accurate. Comparable vehicles should score in a range from 90 to 95, and this car falls short. That means the car’s history is slightly less favorable compared to similar vehicles of the same age and class. In today’s competitive environment though, dealers may decide to take in both trades, and the AutoCheck Score can also help make decisions on how to price the vehicles for market. Become an AutoCheck member today As an AutoCheck subscriber, you’ll have access to the AutoCheck Score. Between the large graphic display and the simple number comparison, the AutoCheck Score can help you make decisions on vehicle acquisition much quicker and easier!

We’ve listened to user requests and created a mobile app that offers a quick and simple way to scan (or enter) a VIN to view AutoCheck Vehicle History Reports (VHRs)! Along with our recently launched AutoCheck Member site, the mobile app continues our efforts to make information and insights easy to access. With AutoCheck VHRs, you can: • Better manage risk and confidently buy and sell the right vehicles • Make more strategic decisions when stocking the right inventory • Have the right combination of information and insights to more strategically market to consumers With the new mobile app and re-designed member site, AutoCheck makes staying informed easier than ever by putting AutoCheck at your fingertips on your mobile device. Leave your notepad on your desk when appraising a trade, and simply scan a VIN to view the VHR instantly. How to get started The AutoCheck mobile app is available for AutoCheck members using Android or Apple phones/tablets. Simply download the app to see how easy it is to access vehicle history reports. Quickly use the app during trade appraisals to pull a VHR on the spot! You can also use the app to quickly scan a VIN, eliminating the possibility of incorrectly “typing” in the wrong VIN. The full VHR is optimized to be easy to read on your mobile device, giving you all the necessary information to make a good acquisition decision. The AutoCheck mobile app also offers members access to a report history to quickly review past vehicle reports you have run. Did you know? AutoCheck has data from over 95% of U.S. auction houses with 99.82% manufacturer coverage of open recall data for vehicles on the road Experian aggregates and analyzes tens of thousands of distinct accident sources; many provided only to AutoCheck We’re the only VHR provider integrated on all the top consumer vehicle shopping sites In this short video, you will see sample mobile and tablet screens including how to enter or scan a VIN, view a Vehicle History Report, and learn how to see recently run VHRs. How AutoCheck can help improve your business You may also be interested in learning how AutoCheck VHRs can improve your business by reading Vehicle Detail Pages with a Free VHR Have Higher Lead and Sale Conversion Rates or how we helped a large insurance company better manage risk in our case study, LexisNexis Helps Manage Risk for National Insurance Company. For dealers interested in learning more about the benefits of becoming an AutoCheck subscriber, contact us today!