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A type of motor vehicle crime that costs consumers in the U.S. about $1 billion a year is on the rise, according to data firm Carfax. It's called odometer fraud. Fraudsters looking to boost profits on ...
View post: Volkswagen’s Sleek New Concept Makes the ID.4 Look Like a Brick Odometer fraud is becoming a growing concern for used car buyers, with more than 2.14 million vehicles on U.S. roads ...
The National Highway Traffic Safety Administration (NHTSA) reported that more than 450,000 vehicles are sold each year with false odometer readings. This costs American car buyers more than $1 billion ...
Used car prices skyrocketed during the pandemic and still remain elevated today, despite cooling off in recent years. This has unsurprisingly made odometer fraud a very profitable business. According ...
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Why odometer fraud is rising: cheap digital tools make mileage changes quick, hard to spot
Buying a used car presents numerous risks for consumers. The vehicle could have hidden flaws—such as accident or flood damage—or a tampered odometer. Digital dashboards should have reduced odometer ...
For most buyers, few numbers carry more weight than mileage when assessing the value of a used car. There’s no real way to know how a previous owner drove it, and maintenance history can be equally ...
From the July 2018 issue Whether or not Ferrari actually had a hand in the odometer-fraud scandal that rocked a Palm Beach dealership last year, the whole thing looks bad. The diagnostic computer that ...
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