CARCHEX is a
Baltimore, Maryland
Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by popula ...
-based company that provides extended auto warranties and Mobile Vehicle Inspections.
History
CARCHEX was founded in 1999 as a provider of pre-purchase
vehicle inspection
Vehicle inspection is a procedure mandated by national or subnational governments in many countries, in which a vehicle is inspected to ensure that it conforms to regulations governing Car safety, safety, Automobile emissions control#Emission Tes ...
s. In 2003, the company was purchased by Jason Goldsmith, a
Baltimore
Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by popula ...
-based
entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...
and founder of TheLoanPage.com. Shortly afterward, CARCHEX expanded its vehicle inspection service to all 50 states by partnering with a nationwide network of
ASE
Ase may refer to:
* Ase, Nigeria, a town in Delta State, Nigeria
* -ase, a suffix used for the names of enzymes
* Aṣẹ, a West African philosophical concept
* American Sign Language (ISO 639-3 code: ase)
See also
* Åse (disambiguation)
* ...
-certified mechanics.
In 2004, CARCHEX added a second consumer assurance product to its business by offering vehicle service contracts (VSCs), also known as
extended warranties. The company expanded the service in 2007 as a warranty remarketing program conducted on behalf of dealership groups such as MileOne. The company has an A+ rating from the
Better Business Bureau
Better Business Bureau (BBB) is a private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 97 independently incorporated local BBB organizations in the Unit ...
.
In 2014, CARCHEX announced a partnership with
Mothers Against Drunk Driving (MADD). As part of the partnership, CARCHEX donated $20,000 to the organization to help prevent underage drinking and eliminate drunk driving.
Awards
CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2014.
CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2013.
CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2012.
CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2011.
CARCHEX CEO Jason Goldsmith received the 2008 Maryland Ernst & Young Entrepreneur of the Year Award.
References
{{reflist
External links
CARCHEX WebsiteCARCHEX BlogCARCHEX Research Center
Automotive industry in the United States