Carchex Explained

CARCHEX
Type:LLC
Founded:1999
Location:Baltimore, Maryland
Industry:Automotive
Homepage:http://www.carchex.com

CARCHEX is a Baltimore, Maryland-based company that provides extended auto warranties and Mobile Vehicle Inspections.

History

CARCHEX was founded in 1999 as a provider of pre-purchase vehicle inspections. In 2003, the company was purchased by Jason Goldsmith, a Baltimore-based entrepreneur 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-certified mechanics.[1]

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.[2] The company has an A+ rating from the Better Business Bureau.[3]

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.[4]

Awards

CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2014.[5]

CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2013.[6]

CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2012.[7]

CARCHEX was named one of the "Baltimore Sun Top Workplaces" for 2011.[8]

CARCHEX CEO Jason Goldsmith received the 2008 Maryland Ernst & Young Entrepreneur of the Year Award.[9]

External links

Notes and References

  1. News: Terry. Robert J.. Armed with VC, Baltimore startup fighting auto fraud. 13 June 2011. Baltimore Business Journal. 30 August 2004.
  2. Web site: Clark Geist. Laura. Program gives dealers 2nd shot at service contract sales. Trade Publication. Automotive News. 13 June 2011. 10 December 2007.
  3. Web site: BBB Business Review (Beta). Review. Better Business Bureau. 13 June 2011.
  4. Web site: MADD - CARCHEX. Press Release. Mothers Against Drunk Driving (MADD). 26 February 2016. https://web.archive.org/web/20160305182022/http://www.madd.org/sponsors/carchex.html. 5 March 2016. dead.
  5. Web site: Baltimore's top small employers for 2014.
  6. Web site: Baltimore Sun's 100 Top Workplaces Rankings for 2013.
  7. Web site: The Baltimore Sun Top Workplaces 2011 List - Top Workplaces - Workplaces as reviewed by employees . www.topworkplaces.com . dead . https://web.archive.org/web/20120504051721/http://topworkplaces.com/frontend.php/regional-list/list/baltimoresun . 2012-05-04.
  8. Web site: Archived copy . 2012-08-08 . https://web.archive.org/web/20121103134040/http://www.baltimoresun.com/business/jobs/topworkplaces/bal-2011-top-employers-table,0,3025340.htmlpage . 2012-11-03 . dead .
  9. Web site: CARCHEX CEO Jason Goldsmith a Winner in Maryland Ernst & Young Entrepreneur of the Year® 2008 Awards Competition. https://web.archive.org/web/20080903000816/http://www.prweb.com/releases/2008/06/prweb1049474.htm. dead. September 3, 2008. Press Release. 13 June 2011. 28 June 2008.

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