Mileage fraud in second-hand cars is still practiced

‘Clocking’ happens in the Malaysian used/pre-owned/pre-loved industry too...

18 Nov 2020 / 17:16 H.

WINDING back a car's mileage – known as "clocking" – to boost its resale price is a problem that's as prevalent as ever in the used car market.

In fact, over 10% of used cars on sale in certain European countries could potentially be affected.

The most frequently clocked models are powerful German cars, particularly BMWs; in fact, approximately one in three 7 Series models sold second-hand could have had their mileage clocked.

The German car manufacturer has the unfortunate privilege of taking the top six spots in the ranking of car models most susceptible to this kind of fraud, according to a study published by the vehicle history website, carVertical.

The BMW 7 Series tops the list with 34% of second-hand models on sale potentially clocked, ahead of the X5 (29.5%) and the 5 Series (27.5%). German brands dominate the ranking, with Audi and Volkswagen also featuring.

Top 15 most commonly clocked car models:

1. BMW 7 Series

2. BMW X5

3. BMW 5 Series

4. BMW 3 Series

5. BMW X3

6. BMW 1 Series

7. Audi A6

8. Volkswagen Touareg

9. Audi A5

10. Mercedes-Benz E-Class

11. Volkswagen Passat

12. Skoda Superb

13. Audi A4

14. Skoda Octavia

15. Volkswagen Transporter (van/commercial vehicle)

This type of fraud is more prevalent in certain markets, particularly in Central and Eastern Europe, where large numbers of vehicles are imported from Western Europe.

In Romania and Latvia, more than one in 10 second-hand cars are potentially affected by mileage fraud.

The study is based on figures from the carVertical database, with over half a million reports analysed over the last 12 months (Oct 2019 to Oct 2020).

carVertical collected data from different markets all over the world, including Poland, Romania, Hungary, France, Slovenia, Slovakia, Czech Republic, Latvia, Bulgaria, Ukraine, Serbia, Germany, Croatia, Russia, and the United States of America. – AFP Relaxnews

email blast