Latest clocking data reveals ‘alarming’ rise in vehicle mileage fraud
One in 11 vehicles had a mileage discrepancy in 2019; up 22.2% from the figure of one in 14 in 2018, according to Cap HPI.
The figures come from the company’s HPI Check data which shows the actual number of vehicles identified as having a confirmed mileage discrepancy for the whole of 2019 was 836,214, a ‘hit’ rate of 8.99% compared to 7.35% (607,981) for 2018.
Over the past five years, the number of vehicles with mileage discrepancies has increased by 45%. The ratio has grown steadily over the years, recorded as one in 14 in 2018, one in 16 in 2017, 2016 and 2015 and one in 20 vehicles in 2014. HPI data also shows that there is a one in three chance of uncovering another hidden problem with the car such as any outstanding finance, previously written off or recorded stolen.
Fernando Garcia, consumer director at Cap HPI, said: “These false readings often correlate to mechanical issues and faults later down the line, which could have safety implications or lead to hefty repair bills. All the safety features and modules in a modern car, such as airbags, ABS and ignition, feed information into the vehicle’s central computer system. Each time an issue arises, such as a fault warning, a ‘snapshot’ of the vehicle’s mileage will be logged.
“Unless a vehicle’s mileage is wound back by a particularly diligent clocker who knows to alter the mileage readings on all modules as well as the odometer, these will be out of sync. This will lead to issues with safety warnings – making it potentially very dangerous for the driver, passenger and other road users.”