The German police have estimated that approximately every 3rd car has been subject to odometer fraud. Further, they estimate that on average, the illegal increase of a used car’s value lays around 3.000 €. That means that only in Germany, the yearly losses amount to almost 6 Billion Euros. In fact, the industry is so problematic, that Forbes mentions a few problems: Odometer fraud still cheats U.S. consumers out of $1 billion annually by exaggerating the value of used cars, and One of every six used cars listed for sale in the United States has been in an accident. WithPowered by WPeMatico
