Odometer fraud
Odometer fraud, also referred to as "busting miles" (United States) or "clocking" (UK and Ireland), is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer.
According to the Office of Odometer Fraud Investigation at the US Department of Transportation, odometer fraud is a serious crime and important consumer fraud issue. In the National Highway Traffic Safety Administration's (NHTSA) 2002 odometer fraud study, the NHTSA determined that 450,000 vehicles were sold each year with false odometer readings, resulting in a cost of over $1 billion annually to car buyers in the US In the UK the Office of Fair Trading estimates the annual cost at £500m.
Examples
Common examples of odometer fraud include situations where someone tampers with the odometer by rolling it back or replacing the odometer and failing to provide the required notice on the vehicle. According to AIM Mobile Inspections, an evaluator of new and used vehicles, the incidence of odometer rollback for the purpose of misrepresenting the mileage of off-lease used vehicles had increased by 30 percent since the beginning of 2011.