Supporting dealer ‘due diligence’ and ‘buy-sell with confidence’ goals.
CARFAX Canada and UCDA expand their collaboration with two new offerings, VIN Fraud Check (1) and Service Insights (2). These two offerings will help dealerships manage risk and protect themselves and their customers.
VIN fraud and auto theft remain a persistent risk across Canada, impacting consumers, insurance companies and the automotive industry. Unknowingly buying or selling a fraudulent vehicle carries a significant financial, legal and reputational risk for dealers and their customers.
Integrating CARFAX Canada VIN Fraud Check directly into the UCDA’s dealer member portal makes it easier to detect re-vinning earlier and is a step forward in avoiding VIN fraud when transacting used vehicles.
1. What is VIN Fraud?
VIN fraud, sometimes called re-vinning or VIN cloning, occurs when someone takes the VIN from one vehicle and illegally copies it onto another. The goal is usually to hide the fact that the second vehicle is stolen, making it look legitimate so it can be sold without raising red flags. Criminals have advanced their capabilities to commit VIN fraud by increasing the quality of forged VIN plates to mirror OEM plates, and by reprogramming onboard vehicle computers that contain the original VIN.
CARFAX Canada VIN Fraud Check
CARFAX Canada VIN Fraud Check analyzes billions of VIN records across North America to flag signs of unusual or suspicious history, identifying patterns and inconsistencies that might otherwise go undetected.
How do UCDA Members get VIN Fraud Check?
- Included with a CARFAX Canada Vehicle History Report at no extra charge
- Included with Auto Check at no extra charge
- Included with Multiple Searches at no extra charge
- With Export Check at no extra charge
2. CARFAX Canada Service Insights
UCDA members will also have access to the CARFAX Canada Service Insights Reports to identify upcoming repair and maintenance items for potential and existing inventory.
Based on CARFAX Canada vehicle specific prediction model, OEM maintenance schedules, outstanding recalls, and powered by billions of North American service records, it can help dealers make smarter decisions when transacting vehicles.
For $8.00, UCDA members can get a report that helps them buy and sell vehicles with confidence, price their inventory more accurately, and tackle reconditioning needs with predictable costs, knowing the price is right and having less comebacks and more happy customers.
CARFAX Canada VIN Fraud Check will be available Monday, July 13th. CARFAX Canada Service Insights will be available later this summer: https://www.ucdasearches.com/