Schaumburg, Ill., June 16, 2008 — Experian Automotive, a part of global information services company Experian®, today announced that it is actively working alongside other automotive industry companies to reverse a cost-prohibitive proposal by the Missouri Department of Revenue to increase the cost of individual motor vehicle records by more than 3,000 times the current price. The increase would have the result of harming both consumers and businesses by preventing these records from being included in Experian’s automotive database and powering a number of socially beneficial uses by consumers, law enforcement agencies and state and national businesses.
Based on recent testimony from Experian Automotive and other automotive industry businesses, a temporary injunction was granted on May 30, 2008, halting the price increase until a final ruling can be made. The injunction helps to ensure that consumers and businesses will continue to benefit from the inclusion of Missouri’s motor vehicle records in services such as vehicle history reports, recalls by auto manufacturers, vehicle fraud investigations by law enforcement, and market analyses for Missouri businesses.
“Experian Automotive has actively sought to reverse the proposed price increase on vehicle records and we are pleased with the decision to place a temporary stay on this action,” said Scott Waldron, president of Experian Automotive. “Such an exorbitant price increase would prevent Experian from including Missouri date in its automotive database and have a direct and negative impact on Missouri’s citizens, municipalities and businesses. We will continue to work hard to ensure this information will be available to those that need it most.”
Experian Automotive incorporates motor vehicle records into several services that provide consumers, businesses, and state and national law enforcement agencies with important information about vehicle histories and registrations. The proposed vehicle record cost increase would mean information on Missouri vehicles would not be available in the following ways:
Earlier this year, Experian joined a lawsuit against the Missouri Department of Revenue protesting the price increase on motor vehicle records. Experian will continue to be actively involved in actions opposing the increase as hearings and reviews continue.
About Experian Automotive
Experian Automotive, a part of Experian, delivers information services to manufacturers, dealers, finance and insurance companies, and consumers. Experian® helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing more than 500 million vehicles, along with Experian’s credit, consumer and business information assets, meets the industry’s growing demand for an integrated information source. Experian’s advanced decision support services help clients turn this information into improved business results. Experian technology supports several top automotive Web sites, including eBay Motors, CarsDirect.com, CarMax.com and NADAguides.com. For more information on Experian Automotive and its suite of services, visit our Web site at www.experianautomotive.com.
Experian Public Relations
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