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Carfax, Inc. (stylized CARFAX) is an American company that provides vehicle data to individuals and businesses. Its most well-known product is the CARFAX Vehicle History Report. [ 1 ] Their other products include vehicle listings, car valuation, and buying and maintenance advice.
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Here’s how American car dealers use the '4-square method’ to make big profits off you — and how you can make sure you're paying a fair price for all your vehicle costs Moneywise December 5 ...
The Polk Company announced on August 2, 1999 that it had completed a 100% acquisition of Carfax. Polk had previously owned 35 percent of Carfax, in partnership with the Blackburn Group, Inc. of London, Ontario. [9] Carfax compiles vehicle histories from various sources, with about 75 percent of the information coming from Polk data.
The practice of using floorplan loans to finance inventory creates an incentive for the dealers to sell vehicles as quickly as possible in order to reduce the amount of interest that will accrue on the floored vehicle. Floor planning costs can run into hundreds of thousands of dollars a month for a big multi-location dealer with large inventories.
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The organization's leadership took measures to save costs, which included relocating the organization's headquarters to reduce rent expenditures. [5] In 1933, NADA published its first "Official Used Car Guide", providing used car values for 21 regions of the United States to 40,000 subscribers. [33] NADA's membership was 30,000 by 1934.
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