11:26 am, April 18, 2023
One of the country’s leading car provenance check providers says it is impossible to completely protect against fraud and has warned users not to take reports as fact.
Speaking on the latest episode of the Car Dealer Podcast, Carvertical’s head of communications, Matas Buzelis, said the outfit was doing a good job at ensuring its reports were as accurate as possible.
However, he admitted that some fraudsters would always slip through the net, and he issued a warning to users to be aware.
He also pointed to the fact that innocent mistakes can often lead to inaccuracies in history checks, but he said that Carvertical’s cutting-edge tools were well placed to counter issues.
Appearing alongside Car Dealer’s James Batchelor and Jon Reay, Buzelis said: ‘Our aim, I think, is to erase the asymmetry of information between the sellers of the car and the buyers of the car.
‘This is our ultimate goal. I’m not quite sure if it’s doable though at the end of the day, because there still is some level of fraud that I think is impossible to tackle.
‘With these tools, I think we are doing quite a good job, but I think criminals who tamper with current data and current information, they’re finding some ways around this, but we are making life harder for them.’
He added: ‘As a recommendation, they [users] shouldn’t treat every every statement like a fact.
‘There are situations where, for instance, a car went for an MOT inspection and the person who should have written the odometer value into the computer has made a mistake.
‘Right there in our history report, there will be this mistake, and we can’t do anything about that.’
The latest edition of the Car Dealer podcast went live on Friday and covered the biggest headlines from the Car Dealer website last week (beginning April 10).
Among the topics up for discussion were a secret row between suppliers and Keyloop, and Mark Lavery’s comments on the new wave of Chinese EV brands set to flood the UK market.
The full list of stories can be found below:
- Car dealers fear huge bill increases as a result of secret row between suppliers and Keyloop
- High Court rules that legal challenge into London’s Ultra Low Emission Zone can proceed
- Google’s used car Vehicle Ads format could launch in the UK later this year
- Car buyers prefer agency sales and fixed prices over traditional dealer model – research
- Carwow study finds more than a quarter of buyers would consider Chinese vehicle but concerns remain over familiarity
- Used car dealer forced to rebrand Mini site after BMW claims copyright breach
