CARPROOF True Value™ Provides Data-Driven Used Car Values

LONDON, ON, March 8, 2018 – CARPROOF Corporation has launched a new online tool to help used car buyers and sellers find more accurate values of used vehicles. CARPROOF True Value does this by leveraging the company’s extensive automotive data to calculate values.

CARPROOF uses data science to calculate values based on the vehicle’s unique history, which could include prior damage, odometer readings and where it has been registered. By combining this information with the amount similar vehicles have sold for, CARPROOF True Value delivers a specific appraisal of that vehicle.

“Our mission is to help Canadians make informed decisions about buying and selling used cars,” says Mark Rousseau, president at CARPROOF. “Our aim is to reduce the guess work around used car value, helping private sellers set competitive asking prices and giving buyers peace of mind that the price they’re paying is fair.”

Before getting the exact True Value, users can get an idea of their vehicle’s value with CARPROOF’s free True Value range. They can then upgrade to get the specific True Value by layering in the vehicle’s unique history records.

Visit: www.carfax.ca/car-value to learn more.

About CARFAX Canada
CARFAX Canada, a part of S&P Global (NYSE: SPGI), is Canada’s definitive source of automotive information, delivering vehicle history, appraisal and valuation. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers and sellers to make informed decisions. Formerly known as CARPROOF Corporation, CARFAX Canada is dedicated to transparency, and is trusted to provide vehicle history and valuation information to dealerships, vehicle manufacturers, consumers, major auctions, governments, insurance providers and police agencies.
For further information or to speak with a company representative, please contact: media@carfax.ca

Media mentions

See which media outlets are talking about CARFAX Canada and our products.

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  • Driving.ca: Buying used? This is how to know you’re getting a good price

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    November 1, 2017 - Manitoba Public Insurance is reminding drivers to be cautious when purchasing vehicles from the U.S. following Hurricanes Harvey and Irma. Read More
  • Toronto Star: How to avoid a flood-damaged vehicle when buying pre-owned

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    October 20, 2017 - Back in the day, an odometer rollback meant manually rolling back the numbers on the mechanical instrument that records the distance a vehicle has travelled. Read More
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  • Yahoo! News: Avoid buying a flood damaged car

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  • Driving.ca: 10 missteps to avoid when buying a used car

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  • CTV News Vancouver: Buying a used car? Tips to find the right ride

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  • CTV News Calgary: Calgary couple caught up in dispute with dealership over vehicle history

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  • Auto Remarketing Canada: With CPA background, Dejong leads CARPROOF big data & analytics

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  • CTV News Vancouver: Five things to know before buying your next car

    May 14, 2017 - Buying a car? Here are five things to know and do if you're in the market for a new or used ride. Read More
  • Canadian Auto World: CARPROOF adds V-P of product

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  • Global News: Better Business Bureau warns car sellers about scam

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  • Toronto Star: Certified pre-owned programs remove the risk of buying used

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  • CBC News BC: BBB issues warning about company providing vehicle histories

    March 22, 2017 - The BBB is warning private car sellers of an alleged scheme involving companies it says offer to check a vehicle's service history. Read More
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  • Canadian AutoWorld: UCDA, CARPROOF partner on VVR deal

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  • PR Newswire: Mark Rousseau selected to lead CARPROOF

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  • Autosphere: CARPROOF launches new tool

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  • Auto Remarketing: CARPROOF debuts used-car appraisal tool

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  • Canadian Auto World: CARPROOF valuation tool set to shake up industry

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  • Business Wire: IHS acquires CARPROOF, Canada's top source of used vehicle data, for $650M

    December 28, 2015 - IHS Inc., the leading global source of critical information and insight, today announced it has acquired CARPROOF Corporation®, a Canada-based company that offers products and services in vehicle history, appraisal and valuation for the automotive industry, for $650 million CND (approximately $460 million USD). Read More
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    June 18, 2015 - A Yahoo article outlining different purchase habits men and women have when shopping for a used car. Read More
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