The Used Car Market – Why You Need To Do A VIN Check Before Purchasing A Used Car
Regardless of the model, type and brand, more and more people are opting to buy a used car over a brand new one. This is especially true for individuals who are looking to save more money.
The Used Car Market
Last year, the market of used cars was worth 250 billion USD. This is projected to increase to 403 billion USD in 2026, having a CAGR of over 10% through the forecast period. While the sales in the market was negatively affected in the early parts of 2020 because of the shutdowns brought about by COVID-19, it has seen growth in the later parts.
In many places across the world, the used car market is growing fast. This could be mainly because of the arrival of more organized players in countries that are still developing, where they helped build trust with consumers, something that has plagued the used car market in these countries for a long time.
A used car is also known as a secondhand car or a preowned car. This would then mean that the vehicle had a previous owner or owners. For this reason, a VIN check is crucial when purchasing a used car. Whether you’re a dealer looking to add to your car dealership inventory or a buyer wanting to be more economical when purchasing a car.
What Is VIN Check – Italy VIN Check
Vehicle Identification Number or VIN serves as the unique fingerprint of the car. This 17 character code, which is composed of numbers and letters, will identify a car. Essentially, VIN check is checking the history of the vehicle.
If you are purchasing a used car in Italy, running a VIN check before you buy the car will reveal a lot of things about it, which will help you be a more informed consumer. Among the information you get when running a VIN check is the country of origin of the car and the manufacturer as well as other general info about the car such as engine, model, GVWR, the model year of the car and which exact division/plant it was built.
Furthermore, by doing Italy VIN check you will also get information about the actual odometer of the car as well as possible accidents. You will also know if the car has been recalled, salvaged, rebuilt, was involved in an accident, has a tampered odometer, was once stolen, was damaged by flood, and even how many times it was bought and sold.
By knowing all these information, you can decide if the car is worth buying and/or selling making VIN checks all the more important. So, when purchasing a car in Italy do Italy VIN check. But in general, when buying a preowned car, always do a VIN background check.