Market Conditions Commentary
 
Fax or False, that is the question
by Robert Hollenshead
Sep 7 2013 7:18AM

By the way, a touch on Car Fax continues to crush the value of any car in the wholesale marketplace by 20%.  It is nearly scientific at this point.  It makes no difference what the caution is, for $1 or a total wreck, they don’t give a dollar value and therefore it is an morphadite to any legitimate buyer (with or without reason) so you are relegated to selling it to a trickster and a trickster is typically not an idiot.  He is looking for a massive edge and wiggle his way through the slippery passage of over talking the incident that Car Fax is so good at whispering, with no skin in the game, and categorically destroying the current owner’s asset value in a completely hairy-cairy way. 

The current legal action taken by the New York based dealers will not be the last.  The entire picture of whispering information about another person’s asset is going to end in a disaster for them.  Good thing they sold.  The next owners will realize the incredible consequences of making acquisitions that are occasionally substantiated.  Calling 100 people child molesters and being correct  five times out a hundred will not create a happy ending  for the accuser.  Just my opinion as a person that gets caught in the web of 2,000 incidences per day while appraising, buying and selling units with a touch on the False (Fax).