HPI: dealers back EU’s decision to outlaw mileage correction firms
71% of HPI's dealer customers said they supported a proposal by the EU to introduce legislation to outlaw mileage correction firms.
The survey also found that 92% said that dealers, who are actively adjusting odometers without declaring the act to buyers, should be sought out and prosecuted.
Neil Hodson, managing director at HPI, said: “It’s clear from our survey, that most dealers are eager to see stricter measures be put in place to tackle clocking, beyond outlawing mileage correction firms.
“Interestingly, 93% of dealers we surveyed said they have never had cause to adjust or correct a car’s mileage, confirming that fraud is driving this activity. The risks to traders and consumers alike are significant. A dealer who unwittingly buys and sells a clocked car could face hefty fines and prosecution, not to mention damaging their reputation.
“Currently, criminals out to make a fast profit can hide behind the label of legitimacy that mileage correction firms provide. Closing these firms down will ultimately reduce the number of clocked vehicles on the UK’s roads, but the changes in law are some way off and more needs to be done now to send a clear message to fraudsters that the net is closing in on them.”