Digital Odometers Can Be Easily Manipulated,
Costing Unsuspecting Buyers Thousands
CENTREVILLE, Va., Dec. 15, 2022 /PRNewswire/ -- Alarming new
numbers from CARFAX show odometer rollbacks are on the rise
nationwide. More than 1.9 million vehicles on the road have had
their odometer rolled back - a 7% increase from the previous year.
Consumers lose an average of $4,000
in value from unknowingly buying a rolled back car, and that
doesn't include unexpected maintenance costs.
"Many people think odometer fraud disappeared with the invention
of digital odometers," said Emilie
Voss, Public Relations Director for CARFAX. "But that
couldn't be further from the truth. We're still seeing the number
of vehicles on the road with a rolled back odometer rise
year-over-year. It takes con artists a matter of minutes to wipe
thousands and thousands of miles off a vehicle's odometer, and
unfortunately these swindlers likely see this unprecedented used
car market as a way to make quick buck."
CARFAX offers a free Odometer Fraud Check tool and tips to
protect yourself at www.carfax.com/odo.
About CARFAX
CARFAX, part of S&P Global Mobility, helps millions of
people every day confidently shop, buy, service and sell used cars
with innovative solutions powered by CARFAX® vehicle history
information. The expert in vehicle history since 1984, CARFAX
provides exclusive services like CARFAX Used Car
Listings, CARFAX Car Care, CARFAX History-Based
Value and the flagship CARFAX Vehicle History Report to
consumers and the automotive industry. CARFAX owns the world's
largest vehicle history database and is nationally recognized as a
top workplace by The Washington Post and
Glassdoor.com. Shop, Buy, Service, Sell – Show me the CARFAX®.
S&P Global Mobility is a division of S&P Global (NYSE:
SPGI). S&P Global is the world's foremost provider of credit
ratings, benchmarks, analytics and workflow solutions in the global
capital, commodity and automotive markets.
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SOURCE CARFAX