Odometer fraud is on the rise, analysts say

TL;DR

If a seller rolls back the odometer, you’re spending more than the car is worth.CARFAX says 1.9 million vehicles on the road right now have had their odometer rolled back, a 7% increase over last year.As for the Charlotte area specifically, CARFAX counts 15,600 vehicles with rolled back odometers, the 27th worst in the country, 4% more than last year.“Odometer fraud is very scary because it’s not something where there’s a single telltale sign that you can just look at the vehicle and tell that it has a rolled back odometer and it can cost you thousands and thousands of dollars, not to mention headache and heartache over the lifetime of ownership of a vehicle,” CARFAX’s Emilie Voss said.(WATCH BELOW: Charlotte restaurant owner, son sentenced after COVID-19 relief fraud conviction)©2022 Cox Media Group"

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