{"id":833574,"date":"2025-04-03T09:26:48","date_gmt":"2025-04-03T13:26:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/"},"modified":"2025-04-03T09:26:48","modified_gmt":"2025-04-03T13:26:48","slug":"carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/","title":{"rendered":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n CENTREVILLE, Va.<\/span>
\n <\/span>, April 3, 2025<\/span><\/span> \/PRNewswire\/ — CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated calculation of taxes and fees. This enhancement is made possible through a partnership with Claim Toolkit, offering claims professionals the ability to more efficiently and accurately incorporate taxes and fees into final settlement amounts.<\/p>\n

\n

\n
\n \"Carfax
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Since its launch in 2020,\u00a0CARFAX’s Total Loss Valuation Report has been extensively adopted by insurance companies across the United States<\/span>, providing more accurate valuations for total loss claims and helping reduce cycle time.<\/p>\n

“Claims professionals shared that automatically incorporating taxes and fees information into the CARFAX Total Loss Valuation Report would make the report more comprehensive and user-friendly,” said Tom Scheffer<\/span>, Director of Insurance Claims at CARFAX. “We’re happy to provide this enhancement, helping our customers further streamline their total loss valuation process.”<\/p>\n

The CARFAX Total Loss Valuation Report is a valuable resource for total loss adjusters, enabling them to determine a vehicle’s unique pre-accident value using CARFAX’s VIN-specific History-Based Value. This value is derived from millions of used car listings and takes into account each vehicle’s unique trim and options, mileage, condition, location, and hundreds of other attributes from CARFAX’s vast vehicle history database. The CARFAX Total Loss Valuation Report is currently available for use in 48 states and the District of Columbia<\/span>.<\/p>\n

For more information about the CARFAX Total Loss Valuation Report, visit CarfaxForInsurers.com<\/a>.<\/p>\n

\n About CARFAX<\/b>\n <\/p>\n

\n CARFAX<\/a>, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX\u00ae vehicle history information. The expert in vehicle history since 1984, CARFAX provides\u00a0CARFAX Car Listings<\/a>,\u00a0CARFAX Car Care<\/a>,\u00a0CARFAX History-Based Value<\/a>\u00a0and the flagship\u00a0CARFAX Vehicle History Report<\/a>\u00a0to consumers and the automotive industry. CARFAX owns the world’s largest vehicle history database and is nationally recognized as a top workplace by\u00a0The Washington Post. Shop, Buy, Service, Sell \u2013 Show me the CARFAX\u00ae.<\/p>\n

S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.<\/p>\n

\n About Claim Toolkit<\/b>\n <\/p>\n

Claim Toolkit is an industry-leading provider of claims management tools designed to streamline and improve the claims process for insurance companies. Their suite of innovative software products (Compliance, Auto Liability, Total Loss, and Audit) is designed to increase accuracy and efficiency, helping insurers deliver better service to their customers.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees-302415233.html<\/a><\/p>\n

SOURCE CARFAX<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CENTREVILLE, Va. , April 3, 2025 \/PRNewswire\/ — CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated calculation of taxes and fees. This enhancement is made possible through a partnership with Claim Toolkit, offering claims professionals the ability to more efficiently and accurately incorporate taxes and fees into final settlement amounts. Since its launch in 2020,\u00a0CARFAX’s Total Loss Valuation Report has been extensively adopted by insurance companies across the United States, providing more accurate valuations for total loss claims and helping reduce cycle time. “Claims professionals shared that automatically incorporating taxes and fees information into the CARFAX Total Loss Valuation Report would make the report more … <\/p>\n

Continue reading “CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-833574","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CENTREVILLE, Va. , April 3, 2025 \/PRNewswire\/ — CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated calculation of taxes and fees. This enhancement is made possible through a partnership with Claim Toolkit, offering claims professionals the ability to more efficiently and accurately incorporate taxes and fees into final settlement amounts. Since its launch in 2020,\u00a0CARFAX’s Total Loss Valuation Report has been extensively adopted by insurance companies across the United States, providing more accurate valuations for total loss claims and helping reduce cycle time. “Claims professionals shared that automatically incorporating taxes and fees information into the CARFAX Total Loss Valuation Report would make the report more … Continue reading "CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-03T13:26:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees\",\"datePublished\":\"2025-04-03T13:26:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/\"},\"wordCount\":449,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/325525\\\/carfax_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/\",\"name\":\"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/325525\\\/carfax_logo.jpg\",\"datePublished\":\"2025-04-03T13:26:48+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/325525\\\/carfax_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/325525\\\/carfax_logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/","og_locale":"en_US","og_type":"article","og_title":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk","og_description":"PR Newswire CENTREVILLE, Va. , April 3, 2025 \/PRNewswire\/ — CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated calculation of taxes and fees. This enhancement is made possible through a partnership with Claim Toolkit, offering claims professionals the ability to more efficiently and accurately incorporate taxes and fees into final settlement amounts. Since its launch in 2020,\u00a0CARFAX’s Total Loss Valuation Report has been extensively adopted by insurance companies across the United States, providing more accurate valuations for total loss claims and helping reduce cycle time. “Claims professionals shared that automatically incorporating taxes and fees information into the CARFAX Total Loss Valuation Report would make the report more … Continue reading \"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-03T13:26:48+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees","datePublished":"2025-04-03T13:26:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/"},"wordCount":449,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/","name":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg","datePublished":"2025-04-03T13:26:48+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/325525\/carfax_logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-enhances-total-loss-valuation-report-with-automated-calculation-of-taxes-and-fees\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/833574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=833574"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/833574\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=833574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=833574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=833574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}