South Korea, the United States, Japan, three countries Used Car History information Services Operational Status
1. Of information asymmetry in the used car market and adverse selection
Used car market is a structural phenomenon of information asymmetry exists.
The seller of the market structure and the distribution of products, while consumers are familiar with such information about the relatively unfamiliar phenomena ranging says. The import of such information asymmetry is adverse selection problems.
Select the station said that the wrong choice. For example, you decide to choose a vehicle accident it turned out later, was getting tricked into thinking the vehicle selected is not the same as adverse selection.
Consumers who choose this station from the market, then do not trust, or rather it is that yeokyiyong.
If you are trying to dispose of your car is in good condition, very good quality in the market to sell, if the car does not sell to a relative or friend, anti-state body does not know if the car is not very good in the market is the same logic that's being bought.
The theory of information asymmetry in the United States was proposed by Professor George aekeol rope. At the core of the theory,
Select the station to asymmetry of information, import,
This adverse selection eventually leads to distrust in the market,
Degradation and the collapse of the market in the long term is that you can get to.
Professor Ke-color print of a response to this phenomenon of economic agents in the market have to come up with something countermeasures insisted. His theory is accepted as valid until the Nobel Prize was given.
Allay concerns about adverse selection schemes give you one example, the market for distribution in the transparent disclosure of information about the product and for better quality assurance system are the same thing. Recently the spread in circulation market, enhance consumer and product information on the mandatory notice of the increase will be one of the systems. The purchase and sale of used cars in the Automobile Management Act with regard to the duty of disclosure rules by default (Article 58) and the details about this again and enforcement regulations (Article 120) stipulates in.
2 current Performance status Record Check Of the system Margin
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To check the health records The Complementary in terms of Was introduced The But in April 2003 Insurance Institute named the car history Accident history Lookup Service Developed Paid services To provide Began operating Beginning Of the information provided Reliability and Usefulness Light To About Many Questions May raise And To avoid The atmosphere Although the river Language and Culture10 years History Proud This The system Now Used Car Sales in Essential To verification Close Can.
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4 South Korea Used Car history of the car
- Offer Service
In Korea Insurance Development Institute Management and The the car history Now Follows: Same Information Fee To provide Have Stage 1996 After History information Only This provides a Is possible Insurance And Incident on the According Collected Information This provides a Possible Limit Can.
Car Use History: rent (rental car), commercial, tolerance Light History of use Owner Change History: Owner The number of changes
Vehicle number change History: Car Number The number of changes (The first number from the vehicle Now To number)
Special insurance accident information: flooding, theft, total loss treatment Information
Accident insurance history information: information processing my car, stroke treatment information, others Applied riches Information
2) weak And Complementary That need.
Aforementioned As As the car history Car Insurance Sign up And Treatment History Have History information To provide Because of Inherent Limit There Number Out Can.
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5 of the United States History information A system for providing
1) Public Record Delivery system (NMVTIS / National Motor Vehicle Title Information System)
- Introduction Background
2005 In the United States Louisiana and As pretty sight Made Hurricane By Catherine Last After In the United States Traffic Bureau Is flooded Be scrapped Which Vehicles Be scrapped Without Thousands Key Fallen In the United States In the Midwest Is transferred Of drying and rebuild Process After Stand a Car Is disguised Salable Phenomenon To confirm Is also Automobile Theft charges The CompaniesMost Drug trafficking, human trafficking and Terrorism Etc. Crime and Related That Fact Continuation Be identified Is this According By car from Cause That Or Cars Mediated One Criminal Prevention and Illegally Adapted or Cloned Vehicles from the Consumers To protect For Unusual Measures Is required to Is said yelled.
This 1992 along the Car Moderation Prevention Law (The Anti Car Theft Act. Process 102-519) and 1996 Grand Theft Auto Prevention Law Revision Bill (The Anti-Car Theft Improvements Act. Process 104-152) and Basic By law By 2009 On January 30 The Act The Implementing regulations (its implementing regulations (28 CFR Part 25) By To NMVTIS To build The Will
©è Offer Purpose
To NMVTIS By building To the user History information To provide The purpose Priority Theft Automobile Each Shares (ñ½) between the Distribution The shortest Time In the To block Will theft Information The shortest Time In the To be exposed By This Through Such Vehicles Using the Fraud Consumers and Government agencies To protect Will also Of criminal organizations Funding and Two flexible Is blocked Illegal Objective Stolen car Use Be suppressed Number There That That Such System Operating Because the purpose Which Number Is being renovated Cloned Of the vehicle Opaque Safety from Consumer Body and Life Protective As a legitimate Prices Sorghum and Vehicles Deal Which Number That Regard Information To purify To provide The That System Operations Because the purposeWhich Will
(4) information Aggregate, provide Structure
Under Government agencies and The company Federal Law Regulations Periodically 5 Item [(VIN number / acquisition / seller (the public For the purposes Limitation Use) / vehicle status (crushing, disposition, display, or other Etc.) / Foreign Exports (exports) Purpose Whether)] and Applicable Information To NMVTIS To report Is mandatory Is (2009 From March 31 Information collected Initiation).
The Of information Report Will be missed Case Opposition $ 1,000 of Penalty Forcibly Be imposed Is
- Salvage B-1 truck docks - Junk Yards
- Salvage, salvage cars B-1 truck docks - Salvage Yards
- Car Recycling Companies - Auto Recyclers
- Insurance Company - Insurance Carriers
- Each Caution Bureau of Automotive - DMV (Department of Motor Vehicles)
(5) history of information Sale Path
Of NMVT1S Basic information NMVT1S itself By To consumers Offered To As Below 10 Car Distribution-related Specialty Services to companies Of information To provide services To delegate Is a kind of Copyright To give Is the form of these Companies Each Prescribed Marketing Means Through To consumers History information Available (for sale), and Are these Companies Over Default History information In addition Various Record Information By adding Fees By diversifying And charged Can.
Default History of information Charge the $ 1 per Is level • (Federal Law By Of NMVT1S Revenue System Development And Only operational Cover and For-profit Operations To exclude Are defined Can)
2) private History information System
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Over Companies In NMVT1S That receives Default History information In addition Etc. Various Record Information Acquisition, processing and This Details History information (Premium Vehicle History Report) Tues The Fee May sell To About Basic Fee Information (Approximately $ 1) in addition Separately Around $ 30 - $ 50 Additional Costs To pay Should.
6 of Japan Car History information A system for providing
In Japan As the United States Diverse and Concrete Car History information To provide Agencies or Businesses Not of the United States Case Wonak Of the country Large Each State Very Car Administrative Standards Different By Objective and Unified Criteria By History of information Offer This To urgent Number But Japanese Case Relatively By country As the United States Wide Without CarManagement criteria 've Been single Because Because of The United States and Same System Need Not Not Number The Will on the one hand Early To auction Via Distribution Is routine Because Because of Auction of the The score sheet Sort of Standing and history information Same Function And Because Because of Separate System To build The You's a Very Not have been Capital Not Did TheReasoning Enough Is
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1) Japan Auto auction of the Council Mileage Administration System
Japan Auto auction Council Two years to 20 degrees • Japan driving management ¡á Council and • Liaison Council • the auction business Unified Is integrated Was formed Organization. Auction Is exhibited Of vehicles Mileage Whether the operation To identify Bet For Purpose Formed in 2002 The Japan General Insurance Association Stolen vehicle Information Data Receive offers Started In 2003, theAuction Chapter (President of bid) for Exhibit That Of the vehicle Mileage Offers Integration Management And Can.
2012 October Now Japan In the 156 W One Auction And Auction Chapter (President of bids) is This Council Is joined Can.
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The screen capture below Japan Auto auction in Council To manage Mileage Management System Operating Overview Summary Description and Can.
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2) Japanese Auction of the Vehicle Assessment Information
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