Odometer Fraud on the Rise, Costing NC Used Car Buyers Thousands; How to Protect Yourself

Odometer fraud on the rise, costing NC used car buyers thousands; how to protect yourself

In a matter of seconds, a vehicle's odometer can be manipulated to make it appear it has far fewer miles and is far more valuable.

Odometer rollbacks jump 14 percent to nearly 2.5 million vehicles

To put that into perspective, 2023 to 2024 saw a 4% increase year-over-year, and rollbacks can lead to an average vehicle value loss of $3,300.

Millions of used cars may have fake mileage, costing buyers about $3,300

New CARFAX data flags 2.45M vehicles with suspected odometer rollbacks, averaging about $3,300 in lost value and exposing buyers to safety risks.

CARFAX: Odometer Rollbacks See Dramatic Jump of 14% to 2.45 Million Vehicles

Alarming Spike In Odometer Fraud Since Last Year Costing Unsuspecting Buyers Thousands