Back to Auto Makers
Don't Buy a Vehicle That Should Have Been Scrapped

SCHAUMBURG, Ill., Nov. 5 /PRNewswire/ -- While those gas-guzzling vehicles traded in as part of the Consumer Assistance Recycle and Save (CARS) Act -- or "Cash for Clunkers" -- are set to be scrapped, the possibility exists that some of those vehicles could find their way back onto the market. To protect used-car buyers, Experian's AutoCheck® vehicle history reports now feature a specific designation to warn used-car buyers against buying a Cash for Clunkers scrap vehicle.

"Whenever there is the chance that the used car one hopes to buy isn't reliable or safe, all trust in the sale is lost," said Scott Waldron, president of Experian Automotive. "That is why we've made it quick and easy to identify if a vehicle was one of the nearly 700,000 meant to be scrapped under the CARS program, so buyers can feel more confident and informed about their used-car purchase."

The new indicator on AutoCheck vehicle history reports clearly calls out if a vehicle was "Traded in to be scrapped under CARS (Cash for Clunkers) program." When combined with AutoCheck's numerous information points, industry-leading accident information and unique reporting features, the new Cash for Clunkers designation marks AutoCheck's continued dedication to educate and protect used-car buyers.

"The addition of the Cash for Clunkers designation on our AutoCheck reports is a great example of our commitment to constantly invest and improve our product to meet the needs of our customers," Waldron continued.

Experian's AutoCheck vehicle history reports provide the confidence and peace of mind buyers need when purchasing a used vehicle. AutoCheck discloses important events in a vehicle's history such as major flood damage, frame damage or odometer rollback issues, along with other key information. AutoCheck reports provide two times the number of reported accidents as Carfax and are the only vehicle history reports to feature the AutoCheck Score -- a number between 1 and 100 that accurately summarizes the individual items and events in a vehicle's history in a way that is easy to understand. For more information on AutoCheck, visit http://www.autocheck.com.

About Experian Automotive

Experian Automotive, a part of Experian, delivers information services to manufacturers, dealers, finance and insurance companies, and consumers. Experian® helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing more than 600 million vehicles, along with Experian's credit, consumer and business information assets, meet the industry's growing demand for an integrated information source. Experian's advanced decision support services help clients turn this information into improved business results. Experian technology supports top automotive businesses, including eBay Motors, CarsDirect.com, CarMax.com and NADAguides.com. For more information on Experian Automotive and its suite of services, visit our Web site at http://www.experianautomotive.com.

About Experian

Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and Sao Paulo, Brazil.

For more information, visit http://www.experianplc.com.

Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.

Other product and company names mentioned herein may be the trademarks of their respective owners.

    Contacts:  Christopher Fielder
               Experian Public Relations
               1 224 698 8628
               christopher.fielder@experian.com

               Mike DeVilling
               DeVilling Group for Experian Automotive
               1 248 875 4207
               mjdevilling@yahoo.com

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

EDIE HIRTENSTEIN

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=88491

SOURCE Experian Automotive

Copyright (2009) PR Newswire. All Rights Reserved.
Back to Auto Makers
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki