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Purchaser beware: Odometer fraud on the upward thrust, Carfax finds

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Carfax reported in December that more than 1.9 million vehicles on the road had rolled-support odometers, a 7 p.c amplify from the outdated one year.

January 08, 2023 12:00 AM

In a market the assign old school cars are a precious commodity for sellers, sellers making an try to squeeze each penny out of them are getting more brazen.

Carfax reported in December that more than 1.9 million vehicles on the road had rolled-support odometers, a 7 p.c amplify from the outdated one year.

The largest rate increases were viewed in Texas, Florida and Arizona, which every had double-digit jumps.

Voss: A costly con for patrons

“Many folk mediate odometer fraud disappeared with the invention of digital odometers,” Emilie Voss, public kinfolk director for Carfax, acknowledged. “However that may now not be additional from the reality. We’re light seeing the choice of vehicles on the road with a rolled-support odometer upward push one year-over-one year.”

Carfax estimates patrons lose an common of $4,000 in worth from unknowingly purchasing for a automobile with a rolled-support odometer, and that does now not contain unexpected maintenance charges.

“It takes con artists a topic of minutes to wipe thousands and thousands of miles off a automobile’s odometer,” Voss acknowledged, “and unfortunately these swindlers likely explore this unparalleled old school-automobile market as a fashion to contain a rapid buck.”

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