Odometer Fraud Is On The Rise: Report
If you bought a used car recently, you might want to go and check the odometer reading. It could be off. A new report details that odometer tampering is not only widespread, but it’s getting worse.
The report, done up by Carfax, has data showing that a whopping 2.1 million vehicles may be on the roads that have rolled backed odometers. Worse yet, that 2.1 million is 7 percent higher than 2022 and up 14 percent over the last two years.
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New York: 100,000, up 9.0 percent
Florida: 85,400, up 1.4 percent
Illinois: 79,000, up 7.6 percent
Pennsylvania: 69,600, up 2.1 percent
Georgia: 67,600, up 4.0 percent
Arizona: 57,000, up 4.8 percent
Virginia: 56,000, unchanged
North Carolina: 49,000, up 8.2 percent
This tampering isn’t just ruining the actual mileage of these cars, it’s affecting their values too. The report says that drivers lose an average of $4,000 due to odometer tampering. Depending on the vehicle, that amount could be way more.