CARCHEX is an American company that provides
extended auto warranties and
mobile vehicle inspections. The company is headquartered in
Baltimore, Maryland
Baltimore is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 United States census, 2020 census and estimated at 568,271 in 2024, it is the List of United States ...
and provides services across all 50 states in the US through a network of authorised mechanics.
History
CARCHEX was founded in 1999 as a provider of pre-purchase
vehicle inspection
Vehicle inspection is a Standard Inspection Procedure, 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, Automobi ...
s. In 2003, the company was purchased by Jason Goldsmith, a
Baltimore
Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-large ...
-based
entrepreneur
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.
An entreprene ...
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:
Organisations
* Academia de Studii Economice (the Economic Sciences Academy), in Bucharest, Romania
* Admiralty Signal Establishment, a former defense research organization in the UK
* ASE Group (Advanced Semiconductor Engineeri ...
-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
The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 92 independently incorporated local BBB organizati ...
.
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.
Recognition
Carchex was named one of the "Baltimore Sun Top Workplaces" for 2011, 2012, 2013, and 2014.
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