12. A warranty detection system for detecting trends in service repairs of vehicles, the system comprising: a warranty database including a memory storage unit for storing service repair verbatims, the service repair verbatims including information relating to an identified concern with the vehicle; a text analysis tool identifying key terms in each service repair verbatim, the identified key terms having an association with the service repair related terms in a thesaurus, the thesaurus including a plurality of service repair related terms, the service repair related terms each being associated with at least one of a component category, a concern category, a cause category, and a correction of repair category; and a report generating device for selectively generating reports based on selected key terms in the component category and at least one other key term from at least one of the other respective categories; wherein the text analysis tool extracts key terms from each service repair verbatim, and wherein the extracted key terms in each verbatim are associated with a respective category, wherein the report identifies an aggregate number of service repair verbatims associated with selected key terms from the component category and the at least one other category.
12. A warranty detection system for detecting trends in service repairs of vehicles, the system comprising: a warranty database including a memory storage unit for storing service repair verbatims, the service repair verbatims including information relating to an identified concern with the vehicle; a text analysis tool identifying key terms in each service repair verbatim, the identified key terms having an association with the service repair related terms in a thesaurus, the thesaurus including a plurality of service repair related terms, the service repair related terms each being associated with at least one of a component category, a concern category, a cause category, and a correction of repair category; and a report generating device for selectively generating reports based on selected key terms in the component category and at least one other key term from at least one of the other respective categories; wherein the text analysis tool extracts key terms from each service repair verbatim, and wherein the extracted key terms in each verbatim are associated with a respective category, wherein the report identifies an aggregate number of service repair verbatims associated with selected key terms from the component category and the at least one other category. 15. The system of claim 12 wherein the service repair verbatim is entered as uncategorized text.