CARFAX Canada, renowned as the nation’s foremost provider of comprehensive vehicle history information, is actively empowering Canadians to safeguard themselves against auto fraud. Leveraging billions of data points from diverse sources and cutting-edge analytics, CARFAX Canada equips consumers with vital tools to ensure confidence in their automotive transactions—whether buying, selling, financing, or insuring vehicles.
Central to their mission is the enhancement of fraud detection capabilities. By offering advanced tools, CARFAX Canada furnishes critical insights into a vehicle’s history, such as its stolen status and potential fraud indicators. For insurers, these tools are indispensable in identifying inactive vehicles, multiple registrations, stolen statuses, title brands, VIN clones, and suspected fake VINs. This proactive approach allows insurers to mitigate risks preemptively, enhancing fraud prevention measures at the policy issuance stage.
Shawn Vording, President of CARFAX Canada, underscores their commitment: “For over 25 years, CARFAX Canada has been pivotal in detecting auto theft. Our recent findings underscore the importance of checking stolen vehicle status before purchase, with 13,355 actively stolen vehicles identified in 2023 alone.” Vording emphasizes the growing threat of fraud, highlighting CARFAX Canada’s role in combatting VIN cloning and potential use of counterfeit VINs through robust VIN data analytics.
Recently, CARFAX Canada participated in the National Summit on Combating Auto Theft in Ottawa and addressed the House of Commons Standing Committee on Public Safety and National Security (SECU). These engagements underscore CARFAX Canada’s proactive stance in tackling auto theft and VIN fraud across Canada.
CARFAX Canada remains dedicated to collaborating with insurers, government bodies, law enforcement, and industry stakeholders to fortify defenses against auto theft and fraud. Through innovation and strategic partnerships, CARFAX Canada continues to set industry benchmarks, empowering Canadians with transparency and informed decision-making regarding vehicle transactions.
For more information on how CARFAX Canada can assist insurers in detecting theft and fraud, please contact [email protected] or visit go.carfax.ca/big/insurance.
