CARFAX
The Polk Company announced on August 2, 1999 that it has completed acquisition of Carfax. Polk had previously owned 35 percent of Carfax, in partnership with the Blackburn Group, Inc., of London, Ontario, Canada, and has now acquired the remaining 65 percent. Carfax compiles vehicle histories from various sources, with about 75 percent of the information coming from Polk data. Using the vehicle identification number (VIN), each history provides potential buyers with all available facts about a used car being considered for purchase. This may include original use of the vehicle odometer records, number of owners, and other items that might affect a purchase decision.
Read more about this topic: R.L. Polk & Co.