MBGL's CARFAX Sees Flood-Damage Risk Spark Vehicle History Demand
The piece underscores growing demand for CARFAX history data and risk tools amid flood events, potentially expanding MBGL's revenue base from data services and listings.
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The piece underscores growing demand for CARFAX history data and risk tools amid flood events, potentially expanding MBGL's revenue base from data services and listings.
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CARFAX, a Mobility Global unit (MBGL), warns flood-damaged cars may re-enter the market after Hurricane Isaias. It estimates up to 48,000 flood-damaged vehicles this year and more than 500,000 water-damaged units already on U.S. roads, potentially boosting usage of CARFAX’s reporting tools. This could translate into near-term data-service demand and revenue upside for MBGL.
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