CARFAX has unveiled the VIN Fraud Check tool to assist car dealerships in verifying vehicle identification numbers (VINs) for theft or fraud. This initiative, spearheaded by CARFAX Canada, will empower dealers to detect cloned or altered VINs, responding to the surge in auto theft incidents across Canada. The system aligns with ongoing collaborations between CARFAX, law enforcement, and provincial governments to combat vehicle fraud. Between 2021 and 2023, auto theft cases rose nearly one-third, highlighting the need for enhanced verification measures, although recent policing efforts appear to have contributed to a decline in car theft rates.
"VIN Fraud Check is the latest in our suite of data-driven solutions aimed at protecting Canadians and ensuring safer vehicle transactions," said Shawn Vording, president of CARFAX Canada.
"By working closely with vehicle dealers, local police, and the provincial government, we're equipping Canadian dealers with the tools they need to detect and avoid potential VIN fraud."
Experts say VINs on legally exported vehicles are highly sought after by criminals, who clone the unique serial number typically found in several locations.
CARFAX says its new system will allow dealers to run a VIN to check for potential clones, a fake VIN, or for a stolen vehicle.
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