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More Than 10 Percent of Cars Have Accident History

autoaccidentA recent study by auto shopping site CarGurus claims that roughly one in six (16 percent) of used cars listed for sale in the U.S. shows an accident history on record.

The study also shows that 8 percent of recent models (2009 -2011) had an accident incident on record.

The effect of an accident history on the market value of the vehicles studied was highly variable, resulting in values that were 3 percent to 12 percent lower than those of comparable cars without an accident history, according to CarGurus’ valuation models.

For this study, CarGurus analyzed the vehicle history reports on 2 million car listings that were advertised for sale by dealers and private sellers on the CarGurus website in 2012. Vehicle history data was acquired through a third-party provider that gathers data from sources including state DMVs, salvage yards, auction companies, police reports and other independent sources. The study did not distinguish between minor and major accidents on record, nor did it distinguish between fleet vehicles owned by rental companies and other business entities.