Tuesday, January 31, 2023

There is a country in which cars with bad odometers are plagued: there are about 2 million!

When you go to buy a used car, one of the most common…and least recognizable scams can cause you to pay far more money than the vehicle is actually worth: Manipulation of the number of kilometers. Malpractice that does not occur only in Spain is widespread in a large part of the markets: in the United States, it has become a serious problem, as nearly two million models show incorrect mileage.

Let’s start with Spain. CarVertical, a company specializing in second-hand vehicle reports, revealed that in One of the second-hand cars has had its odometer tampered with: 10.6% of the market. However, in Europe the practice is more widespread: they represent 15.2%. Of course, Picaresque does not understand the boundaries: there are more serious cases.

Trick Odometer Mercedes Clasico Odometer Odometer

Case of the united states

In the United States, according to statistics from the Department of Justice, The models that fell prey to this scam clocked an average of 64,370 kms on the odometer. This is one of the biggest frauds perpetrated by consumers in that country: not surprisingly, there are tutorials galore on YouTube that explain how to do this with systems that sell on Amazon and eBay. are taken

The latest report on the subject is signed by CarFax, another vehicle history provider: The main conclusion of their investigation is that, in the US, over 1.9 million cars They drive by putting the wrong number of kilometers on the road. A figure that represents an increase of 7% compared to 2021. Because of this fraud, drivers pay an average of $4,000 (3,700 euros) more when buying a model with a ‘shaved’ odometer.

Odometer

A fraud that cost 1,000 million in one year

The state with the largest number of vehicles plying on its roads is California (437.600) Next is North Carolina. In the ‘top 10’ we also find Texas, Florida, Ohio, New York, Illinois, Pennsylvania, Georgia and Virginia. Some of them represent the highest volume markets in the country.

These ten states represent 1.2 out of 1.9 million vehicles, by volume, according to data provided by CarFax. The increases experienced in Texas (15%), Florida and Arizona (12%), North Carolina (7%) or Pennsylvania and Illinois (5%) are particularly worrying. The increase was less than 5% in California, New York, Georgia and Virginia. account for, on average, We’ll find 17,000 cars with fake odometers in each of the remaining forty states.

The National Highway Traffic Safety Administration (NHTSA) doesn’t have updated data on this hoax: you’d have to go back to 2002. That time, He estimated that 450,000 vehicles with tampered odometers were sold annually. And according to the same body, it is a fraud that “costs Americans more than $1,000 million (924 million euros) per year.”

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here