Tech
How Odometer Fraud Became A $1 Billion Problem
Odometer fraud is a stealthy and a lesser known form of fraud that is hard to detect, but can cost a car buyer thousands. Fraudsters will roll back odometers on cars to hide the vehicle’s mileage in the hope of extracting a better price. And as used car prices rose during the pandemic, odometer fraud could’ve become a more attractive way to make some extra bucks. About 10.5 million cars on American roads have had their odometers tampered with in some way, and about 1.9 million individuals have had their odometers rolled back, according to Carfax. The average cost to those affected is about $4,000 in addition to higher taxes. It is enough of a problem that there is even a federal Office of Odometer Fraud Investigation at the U.S. Department of Transportation’s National Highway Traffic Safety Administation (NHTSA) It is staffed by agents investigating these types of crimes. The department estimates that about 400,000 vehicles are sold each year with false odometer readings.
Chapters:
0:00 — Introduction
01:28 — Chapter 1: Fraud
03:10 — Chapter 2: Enforcement
05:03 — Chapter 3: Victims
09:56 — Chapter 4: The Problem of Technology
Produced by: Robert Ferris
Editor: Jacob Harrell
Camera: Shawn Baldwin
Senior Managing Producer: Tala Hadavi
Graphics: Jason Reginato
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How Odometer Fraud Became A $1 Billion Problem
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Produced by: Juhohn Lee
Reporting by: Michael Wayland
Camera by: Andrew Evers
Edited by: Natalie Rice
Senior Director of Video: Lindsey Jacobson
Additional Footage: Ford
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Produced, Shot and Edited by: Natalie Rice
Reporting by: Alex Harring
Additional Editor: Darren Geeter
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images
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0:00 – 0:51 Introduction
0:52 – 3:50 The strategic tech premium
3:51 – 5:44 Beyond SpaceX
5:45 Too important
Anchor and Columnist: Deirdre Bosa
Produced by: Jasmine Wu
Edited by: Matt Soto
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images
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@crazykids121
December 31, 2023 at 11:18 pm
im like 56 thousand miles.on a 2015 in 2023 that is good
@crazykids121
December 31, 2023 at 11:18 pm
im.dealing with this right now
@hope9808
December 31, 2023 at 11:18 pm
Who is here because they fell for it
@AaronTyson
December 31, 2023 at 11:18 pm
Is there such a thing called a clerical error in milage reporting on titles? I say this because my bank had to request a duplicate title from the state, because they lost the origonal. However they reported the wrong milage on the car at the time.. More importantly they never called or asked me the milage at the time they had the title reproduced. Then I moved to a different state, then had the title transferred to the new state I moved to. When I reported the milage to the new state, the milage didn't match. However I was still able to get the title transferred and register in the new state.
I had also recently took my vehicle to the dealership to get work warranty work done, the service center and the manufacture say that the title is a salvaged title. Why because the Carfax report said so.
I have already talked to my states DMV office about my title, the state says the title is clean.
My question is how do I resolve this obvious clerical error. At the time of the title transfer the original duplicate title milage was 45000, the actual milage was 41000. Everyone I've asked so far says I need a salvaged title. However the state I transferred the title too says the title is clean.
I don't know what to do… Call a lawyer maybe? But what type of lawyer would specialize in vehicle title law?
@yeleedkram
December 31, 2023 at 11:18 pm
The total lack of trust is frightening. If a dealership is caught doing anything like this, they should have their dealership taken away from them. Automakers should be doing more to prevent this, it's their future that is at stake. Amazon should not be selling tools to roll back your odometer. Shame on them. And the law that allows these things to be sold should be changed. Shame on everyone involved, there is a special place in Hell waiting for you!!
@arelbrady1350
December 31, 2023 at 11:18 pm
Odometer scan tool
@chevypreps6417
December 31, 2023 at 11:18 pm
I bet 50 percent of used cars have had the odometer rolled back. If you are a dealer and just by rolling back the odometer is going to double your profits………..these crooks are not going to thing twice about doing it.
@daklakdigital3691
December 31, 2023 at 11:18 pm
SOME COUNTRIES REQUIRE THE SELLING PARTY ENTER MILEAGE ON SALE DOCUMENTS.THIS MILEAGE IS ENTERED ON A MINISTRY WEBSITE. THIS ALLOWS PURCHASERS TO VERIFY MILEAGE.
NEW MILEOMETERS HAVE ANTI-ROLLBACK FEATURES, BUT CAN BE REPLACED!
@muhammetdurdu9026
December 31, 2023 at 11:18 pm
İn Türkiye, this fraud has existed for years. Most of the second hand old cars do not have reliable odometer
@whatskrakin37
December 31, 2023 at 11:18 pm
Well damn, now I’m scared. I just got a 2018 Nissan Sentra with 56k miles for just under $15k after taxes fees, everything. The finally price on the papers we signed with the financial guy. It’s my first car but it’s a way better deal than most cars in the market here.
@WheelerRickTHETIEGUY
December 31, 2023 at 11:18 pm
Blockchain technology will make this obsolete.
@rustymu87
December 31, 2023 at 11:18 pm
My friend in California buy Honda accord 2018 (37000 miles) cost him ($27000)after that (2 months later) he just find out the real mileage for this car was (220000) which is mean it’s worth less than ($10000)
@user-ki1bc6jv8i
December 31, 2023 at 11:18 pm
Just. Purchased a used truck and they are reporting changed the motor and the new motor has 140000 miles. Truck looks good until you look at the odometer. I would like to reset to the new motor.
@Simeon1212
December 31, 2023 at 11:18 pm
Being scammed sucks, but one thing I know scammers are never winning in life .
@mjay512
December 31, 2023 at 11:18 pm
Great informative video. I was looking at a vehicle where the last 2 year history had no maintenance records, while the first 2 buyers did. A mechanic told me that they can detect Odometer roll back by checking it with the cars computer where the real mileage is burned in. I don't know much so am wondering if the computer can be changed as well. He seemed to think it could not.
@bfdmod
December 31, 2023 at 11:18 pm
Never thought it would happen to me.. it did
@Sam-dc9bg
December 31, 2023 at 11:18 pm
So really the main victims are people already hurting for cash and needing to resort to buying a really old car.
@brianmilligan1787
December 31, 2023 at 11:18 pm
Every body world wide is affected
@djtinkers7223
December 31, 2023 at 11:18 pm
Blockchain can solve this. It's immutable. The mileage can only go up. And anyone smart enough to hack it would likely not bother with that kind of chump change cyber pirates can do from credit cards numbers alone. Let the billions in fraud be redirected to you by securing a vehicles value.
@JenniferThompson-cy1ln
December 31, 2023 at 11:18 pm
This is why puten from Russia should be in charge. This sort of thing and everything else. There is no law. Plain and simple
@jackmayor4905
December 31, 2023 at 11:18 pm
if you ever think your job is useless, these guys exist.
@juz882010
December 31, 2023 at 11:18 pm
trying to buy a second hand car now is like navigating a minefield of scammers and thieves. Wtf is wrong with this world.
@shaungorham5479
December 31, 2023 at 11:18 pm
ADL.
@Lipstickandchampagne
December 31, 2023 at 11:18 pm
What I’m the “Matilda” is going on?!
@john-fr5yd
December 31, 2023 at 11:18 pm
That happens in every country of the world not just 🇺🇸
@danasmith1899
December 31, 2023 at 11:18 pm
It's not very hard to grab a computer out of a lower mileage car and switch it,
@val3nt358
December 31, 2023 at 11:18 pm
bro i got ripped off
@FrankyFnFour
December 31, 2023 at 11:18 pm
So wait? As your video transitions to “device that just plug in” to roll back odometers and show nothing but EV and mostly Tesla footage. Are there recorded cases of Teslas or other EVs’ odometers being rolled back, that you can share?
@danwat1234
December 31, 2023 at 11:18 pm
I think attaining high mileage on your vehicle is a badge of honor! 305K miles on my Chevy Volt boi
@fordfiesta4599
December 31, 2023 at 11:18 pm
I bought a bmw 328i this year and the old owner had the audacity to tell me it only had 240k km… a car from 1998
@andrazpogladic7427
December 31, 2023 at 11:18 pm
friend of mine bought a used BMW 5 series with 425k Kilometres on the car the mechanic did a check the car has over 600k
@Godisgood778
December 31, 2023 at 11:18 pm
9:03 Good job guys let the criminals know where to buy the tools for fraud 👏 👍 😅😂
Plz remove this video.
@rohanmuday8396
December 31, 2023 at 11:18 pm
Hank Shrader ☠️
@ryanjofre
December 31, 2023 at 11:18 pm
I would bet the farm it’s allot more than a 1 billion $$$ fraud!!!🤮
@vinzanity68
December 31, 2023 at 11:18 pm
Humans are evil
@xtremekill99
December 31, 2023 at 11:18 pm
Guy tried to pull this BS on me, said he moved from Cali etc, ran the car fax turns out it was flipped and registered as a taxi 3 separate times haha. Hope that guy gets railed
@these_handles_are_stupid
December 31, 2023 at 11:18 pm
damn, i was literally about to buy a car in charlotte in the same area that they featured for fraud, right next to one of the lots that was on this video from a national news agency about fraud. thank goodness i didn't
@georgesorog8825
December 31, 2023 at 11:18 pm
How can an Electronic odo be rolled back when the cluster is dumb (dumb being it does NOT contain the mileage), and the mileage is supplied to the cluster via the Body Control module? IT CAN'T. Most modern cars/PU trucks have used these dumb clusters for years. Now if telling me there is a way to roll the odo back on the BCM…in many cases I would agree, in many cases I would say BS.
@heisenfeis
December 31, 2023 at 11:18 pm
In my country Norway we have inspection every 2nd year and the mileage of the car is put into the computer which goes to the "Norwegian Public Roads Administration" and you can login to the site with your social security and check owners and mileage sometimes you get typos which should be of a less concern because you can read the history of mileage.
Usually older cars with 6 digit odometers or that go around at 100 000, have usually some funky reporting going on. However most new cars are accurate. Also when you type in and the computer detects a lower mileage than typed in you need to check it again or it can be reported as fraud, also you have to type in mileage 2 times before it registers as a valid input, like when you make a new password and it has to match.
In some rare cases where the engine is replaced and the engine module insists the mileage is lower than what the car body has traveled this has to be documented and sent in so people know the engine has been changed, this can be a hassle for most people changing the engines themselves but it can be achieved because of kinda strict rules regarding VIN number origin of the engine taken from another car, through this it is easier to report, since most salvage yards give you all the documents for the engine you got, you just have to fill it in and send it to the "NPRA" or "Statens Vegvesen" or have a certified shop do it for you.
However in the 1990s it was a joke here that all VW Golf 2 had always less than 200 000 km on them, mostly because of pulling the instrument cluster and using a sharp instrument like a nail to move the cogs/numbers.
@nuclear___galaxy3250
December 31, 2023 at 11:18 pm
Feds need way more control over this crap,because it’s so common you would be so surprised