Major Milestone for the World's Largest Vehicle History Database
CENTREVILLE, Va., Dec. 6, 2022 /PRNewswire/ -- The CARFAX database, the largest vehicle history database in the world, now includes more than 30 billion records, the company announced today. CARFAX data is a resource that helps millions of people shop, buy, service, and sell used cars more confidently. This milestone came from one of the more than 131,000 sources that report vehicle information directly to CARFAX.
CARFAX was founded in 1984 to combat odometer fraud. It took more than 15 years for the company to reach 1 billion records. CARFAX has continued its relentless pursuit of data, and the company now loads a billion records about every 5 months.
"The amount of information we're loading daily is staggering," said Faisal Hasan, CARFAX General Manager of Data. "On average, we load more than 6.6 million records every single day. That can be anything from open safety recalls to vehicle registrations to new accident information. The largest percent of the data we're loading today is service and maintenance records. We are uniquely positioned because of these records to help people at every stage of the car ownership experience, from shopping to servicing to selling."
The 30 billionth record loaded into the CARFAX database is an "offered for sale" record on a 2020 Kia Telluride. This Telluride is a one-owner, well-maintained, certified pre-owned SUV that has had no accidents or damage reported to CARFAX.
About CARFAX
CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides exclusive services like CARFAX Used Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post and Glassdoor.com. Shop, Buy, Service, Sell – Show me the CARFAX®.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.
CARFAX Public Relations
publicrelations@carfax.com
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SOURCE CARFAX
