To put that into perspective, 2023 to 2024 saw a 4% increase year-over-year, and rollbacks can lead to an average vehicle value loss of $3,300
Centreville, Va.—New data shows roughly 2.45 million cars on the road are suspected to have had their odometers rolled back, a sharp 14% increase from just last year. To put that into perspective, 2023 to 2024 saw a 4% increase year-over-year.
“As modern vehicles have transitioned from mechanical to digital odometers, tampering has unfortunately become more common due to the wider availability of inexpensive tools,” said Faisal Hasan, Vice President of Data Acquisition at CARFAX.
CARFAX data shows vehicles with an odometer rollback averaged a loss of around $3,300 in value this year. The unsuspecting driver is not only paying more for a vehicle with many more miles than expected, but may also incur additional costs for unexpected repairs and potential safety risks.
States that saw the largest increase in vehicles suspected of an odometer rollback compared to last year include Montana at 33%, Tennessee at 30%, Arkansas at 28%, Oklahoma at 25%, Kansas at 24%, New Jersey at 21%, and Florida at 20%.
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