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KEEPING IT FAIR.(NEWS)

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| May 18, 2009 | COPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Bob Gritzinger

As the used-car market heats up and an estimated 50 percent of those buyers head to the Internet to find their bargains on wheels, a new organization is hoping to help protect those shoppers from the potential hazards of online car buying.

While some sellers might merely stretch the truth about a car's condition, scammers have turned to fraud, such as odometer rollbacks, VIN cloning and retitling flood-damaged wrecksor worse. In a recent case in California, an online seller used a Craigslist ad to lure buyers to a meeting site, where they were robbed at gunpoint.

Enter FAIRFraud Abatement Through Industry Responsean informal group of used-car industry leaders including Autotrader, Carfax, Cars.com, eBay Motors, Edmunds and Pep Boys, which is in the early stages of developing a standardized set of services and tools to protect online car buyers. Mota Motors, a company that provides online tools to assist buyers and sellers in used-car transactions, is helping to coordinate the effort.

At ...

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Source: HighBeam Research, KEEPING IT FAIR.(NEWS)

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