CARFAX: Odometer Fraud Increases Nationwide to 2.14 Million Vehicles
CARFAX reports a significant increase in odometer fraud nationwide, with over 2.14 million vehicles potentially affected in 2024, marking an 18% rise since 2021 and adding 82,000 more cases from the previous year. The fraudulent practice, which can be executed quickly using modern technology, costs unsuspecting buyers an average of $4,000 in lost value, plus additional repair costs.
Nine out of the top 10 states reported increases, with Virginia showing the highest spike at 11.7%, followed by Arizona at 8.0% and Florida at 6.4%. The fraud typically occurs when sellers alter vehicle mileage displays to avoid lease charges or increase vehicle value.
CARFAX riporta un significativo aumento dei casi di frode sul chilometraggio a livello nazionale, con oltre 2,14 milioni di veicoli potenzialmente interessati nel 2024, segnando un aumento del 18% rispetto al 2021 e aggiungendo 82.000 casi in più rispetto all'anno scorso. Questa pratica fraudolenta, che può essere eseguita rapidamente grazie alla tecnologia moderna, costa agli acquirenti ignari una media di $4.000 in valore perso, oltre ai costi aggiuntivi per le riparazioni.
Nove dei primi 10 stati hanno riportato un aumento, con Virginia che mostra il picco più alto all'11,7%, seguita da Arizona all'8,0% e Florida al 6,4%. La frode avviene tipicamente quando i venditori alterano i display del chilometraggio dei veicoli per evitare addebiti di leasing o aumentare il valore del veicolo.
CARFAX informa sobre un aumento significativo en el fraude de odómetros a nivel nacional, con más de 2,14 millones de vehículos potencialmente afectados en 2024, marcando un aumento del 18% desde 2021 y añadiendo 82,000 casos más respecto al año anterior. Esta práctica fraudulenta, que puede llevarse a cabo rápidamente con tecnología moderna, cuesta a los compradores desprevenidos un promedio de $4,000 en valor perdido, además de costos adicionales de reparación.
Nueve de los 10 principales estados informaron aumentos, siendo Virginia el que mostró el mayor incremento con un 11,7%, seguido de Arizona con un 8,0% y Florida con un 6,4%. El fraude generalmente ocurre cuando los vendedores alteran los datos del kilometraje de los vehículos para evitar cargos por leasing o aumentar el valor del vehículo.
CARFAX는 전국적으로 주행 거리 조작 사건이 크게 증가하고 있다고 보고하며, 2024년에는 214만 대 이상의 차량이 잠재적으로 영향을 받을 것으로 보이며, 이는 2021년 대비 18% 증가한 수치로, 작년보다 82,000건 이상 늘어난 것입니다. 이 사기 행위는 최신 기술을 사용하여 신속하게 실행될 수 있으며, 피해를 입은 소비자에게는 평균 $4,000의 가치 손실과 추가 수리 비용이 발생합니다.
10개 주 중 9개 주에서 증가가 보고되었으며, 버지니아가 11.7%로 가장 높은 증가율을 보였고, 그 뒤를 이어 애리조나 8.0%, 플로리다 6.4%가 있습니다. 사기는 일반적으로 판매자가 차량의 주행 거리 표시를 변경하여 리스 요금을 회피하거나 차량의 가치를 높이기 위해 발생합니다.
CARFAX rapporte une augmentation significative de la fraude au kilométrage à l'échelle nationale, avec plus de 2,14 millions de véhicules potentiellement touchés en 2024, marquant une augmentation de 18% depuis 2021 et ajoutant 82 000 cas supplémentaires par rapport à l'année précédente. Cette pratique frauduleuse, qui peut être réalisée rapidement grâce à la technologie moderne, coûte aux acheteurs non avisés en moyenne $4,000 en valeur perdue, sans compter les coûts de réparation supplémentaires.
Neuf des dix principaux États ont signalé des augmentations, Virginie affichant la plus forte hausse à 11,7%, suivie de Arizona à 8,0% et Floride à 6,4%. La fraude se produit généralement lorsque les vendeurs modifient les affichages de kilométrage des véhicules pour éviter des frais de location ou accroître la valeur du véhicule.
CARFAX berichtet von einem signifikanten Anstieg von Kilometerbetrug landesweit, mit über 2,14 Millionen Fahrzeugen, die 2024 potenziell betroffen sein könnten. Dies stellt einen Anstieg von 18% seit 2021 dar und beinhaltet 82.000 weitere Fälle im Vergleich zum Vorjahr. Die betrügerische Praxis, die dank moderner Technologie schnell durchgeführt werden kann, kostet ahnungslose Käufer im Durchschnitt $4.000 an verlorenem Wert, zuzüglich zusätzlicher Reparaturkosten.
Neun der zehn Bundesstaaten meldeten Zuwächse, wobei Virginia mit einem Anstieg von 11,7% den höchsten Anstieg verzeichnete, gefolgt von Arizona mit 8,0% und Florida mit 6,4%. Der Betrug tritt typischerweise auf, wenn Verkäufer die Kilometeranzeige von Fahrzeugen ändern, um Leasinggebühren zu vermeiden oder den Fahrzeugwert zu steigern.
- None.
- Odometer fraud increased 18% since 2021, affecting 2.14 million vehicles
- Average loss of $4,000 per affected vehicle for buyers
- Virginia reported 11.7% increase in fraud cases
- Modern technology makes odometer fraud easier to execute
Insights
The surge in odometer fraud represents a significant market dynamic affecting the used car industry and SPGI's subsidiary CARFAX. With
The escalating odometer fraud trend presents significant legal implications and opportunities for SPGI's CARFAX division. The federal Truth in Mileage Act makes odometer tampering a criminal offense and this widespread fraud (2.14 million vehicles) creates a compelling regulatory compliance use case for CARFAX's services. The documented financial impact of
Up More Than
"Odometer rollbacks can occur when an unscrupulous owner or seller of a car alters the miles that display on a car's gauge cluster," said Faisal Hasan, Vice President of Data and Public Policy at CARFAX. "This might be done as a way to avoid mileage charges in a vehicle lease or to dramatically increase the value of a car. Today's technology makes rolling an odometer back easier than ever." It can take a bad actor just seconds to roll back an odometer, causing unsuspecting buyers to lose an average of
"I located a beautiful Chevy 4x4 Truck that sounded perfect: Low miles, great condition, etc. When I ran the CARFAX on the vehicle, I discovered the truck had approximately 180,000 miles rather than the 108,000 stated," said Jimmy Hendon, a driver in
Nine of the Top 10 states with the most vehicles with rolled back odometers saw an increase this year.
How to protect from odometer fraud:
- Check for potential odometer fraud at www.carfax.com/odo.
- Obtain the CARFAX report for the vehicle's history and check the title, maintenance, and inspection records to compare the mileage on the vehicle.
- Check out the wear and tear at the gas, brake, or clutch pedals.
- Always have a trusted mechanic inspect the car before a purchase. They should be able to tell if a vehicle looks older than its odometer suggests.
Editor's note: We have a media tour on Dec. 10, 2024. A CARFAX expert and a mechanic will be standing by to show how easy it is to roll back a vehicle's odometer in real-time. Localized data available upon request. Please contact Em Nguyen at emnguyen@carfax.com.
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 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. 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
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