Veda Advantage: Used Car Buyers Beware: 13% of Vehicle History reports Reveal Car Damage.  Research from Veda Auto’s new consumer vehicle research site, Carhistory.com.au, shows most Australians (99%) question the accuracy of information provided by individuals selling a used car. The study shows concerns are justified, with one in two Australians (53%) who have been in an accident, had their car repaired and have resold their car, failing to tell potential buyers about past repairs. Veda Auto reports reveal an average of 13% of car history checks identify negative information, such as whether the car has been written-off, stolen or damaged.

The findings were released at the launch of the new consumer site, www.Carhistory.com.au, which is now live.  A must-visit website for used car buyers, it offers a report detailing all known information about a car’s history prior to purchase.  Carhistory.com.au brings together extensive data on millions of vehicles from several industry and Government databases. Each report includes: the vehicle details, a REVS/VSR check, a written-off or stolen check, current valuation, odometer checks, sales listings and safety and omission ratings. Reports can be purchased instantly by entering the Vehicle Identification Number (VIN) and costs $24.95. 

BIIA Newsletter June I – 2010 Issue