Odometer Rollbacks Making a Comeback

One of the old­est car scams in the book is still giv­ing car buy­ers and sell­ers fits. It may seem like an ancient and for­got­ten prac­tice, but as the WBZ I-Team in Boston finds out, peo­ple are rolling back odome­ters at an alarm­ing rate. In fact, CARFAX® data sug­gests there are more than a mil­lion vehi­cles in oper­a­tion across the coun­try with a poten­tial odome­ter roll­back, and 200,000 new cas­es of this fraud hap­pen every year.

Wal­ter Lewis of Boston thought he was buy­ing his Hon­da Accord this past spring with 100,900 miles, but the CARFAX Report shows it had 187,000 back in the sum­mer of 2013. Lewis told the I-Team that he felt cheat­ed. Despite com­mon mis­con­cep­tions, the use of dig­i­tal odome­ters has failed to curb crim­i­nals from alter­ing the mileage on vehi­cles and sell­ing them to unsus­pect­ing con­sumers or trad­ing them in at local deal­er­ships. Instead, equip­ment that’s eas­i­ly obtained online can change the odome­ter read­ing on prac­ti­cal­ly any vehi­cle with­in sec­onds and leaves no phys­i­cal evi­dence of tam­per­ing. So for the unfor­tu­nate deal­ers and indi­vid­u­als who unknow­ing­ly wind up with these rolled back cars, the annu­al loss­es can amount to approx­i­mate­ly $800 mil­lion.

As a CARFAX Advan­tage® Deal­er, you can run as many CARFAX Reports as you need to help avoid odome­ter fraud wher­ev­er and when­ev­er you pur­chase vehi­cles. Plus, CARFAX Used Car List­ings lets peo­ple on carfax.com shop your inven­to­ry with the added peace of mind they won’t be anoth­er vic­tim of this scam. Pro­tect your busi­ness and your cus­tomers – become a CARFAX Advan­tage Deal­er and get your inven­to­ry up on CARFAX Used Car List­ings today by call­ing 888–788-7715.

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