Odometer Fraud and Auto Auctions
What is Odometer Fraud? π¬
Frightening, let me tell you. π¨
The odometer…the mileage…is a big factor when deciding how valuable a car is. For bidders and buyers, a difference of 10,000 miles can make or break the decision to buy. Lower mileage usually means the car is likely to sell for more money.
Higher mileage usually means the opposite. Check out how to know what's good mileage for a used car?.
So, when we hear that odometer fraud is on the rise, it concerns all of us. π Carfax reported about it; a nearly 13% increase in Texas! Odometer rollback is happening, and it’s happening closer to you than you realize. It’s a crime, by the way. π‘ With some hefty consequences.
And that nefarious crime, according to the U.S. Department of Transportation, costs American consumers more than $1 Billion annually. That’s a”b” for billion! π°π°π°
It’s tricky, but not impossible, to decipher if an odometer has been tampered with.
Public Auto Auctions runs a KSR report on every vehicle. A KSR is a vehicle registration inquiry report which obtains the known mileage from the DMV for any registered vehicle.
Most of our inventory is donated, so you won’t find stolen cars here or cars that have a super sketchy past.
However, fraud does slip through from time to time, hence when an odometer doesn’t align with verified records, you’ll see an exempt from the Carfax report, meaning the odometer is exempt from reporting, in the condition report, such as you see in the image.
This is our way of being transparent about a significant part of your bidding strategy. π
You may be interested in how long cars last in Texas.
Tips for Spotting Odometer Fraud
A mechanic can help you inspect the condition of a car and matching it to an appropriate mileage if you have your doubts. It’s impossible to know for sure, without documentation, how many miles a car actually has if the odometer is false, but there are warning signs.
What are the most fuel efficient used cars?
If the odometer reads very low mileage, the tires should be original. π
The gas, clutch, and brake pedals should be consistent with the odometer.
Perusing an owner’s manual can help you with benchmarks for when to replace parts. If parts, like spark plugs, filters, fluids, battery, brakes, etc. look like they need replacing, and the mileage doesn’t match, something’s up! π€
Examine the title for any suspicious tampering.
By the way, what kind of cars are sold at auction anyway?
Bid with Confidence! πͺ
We’re about great prices, great cars, and full disclosure at Public Auto Auctions! π
We’re open to everyone and are online only. You can inspect your vehicles beforehand. Bring a checklist!
Come get exactly what you need and exactly what you pay for! π