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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 ...
Odometer fraud is becoming a growing concern for used car buyers, with more than 2.14 million vehicles on U.S. roads potentially showing falsified mileage in 2024, according to a new report from ...
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 ...
As many as one in 153 cars on U.S. roads may have rolled-back mileage, despite automakers switching to more secure digital odometers. The prevalence of odometer fraud is on the rise according to a new ...
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 ...
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 ...