Record Number of Americans Seek Used Cars, Odometer Fraud Rises #news #foryou #inistylekita #peaceandlove
Mon Apr 03 2023Record Number of Americans Seek Used Cars, Odometer Fraud Rises #news #foryou #inistylekita #peaceandlove
#Cars #Scam #Fraud
With a record number of Americans seeking to purchase used cars, cases of odometer tampering are becoming increasingly common. NBC News' Marissa Parra brings to light the details on this alarming trend and provides viewers with essential tips on how to protect themselves while buying a used car.
The video report delves into the reasons behind the surge in used car sales and the shortage of new car inventory. As a result of the COVID-19 pandemic and the global chip shortage, the production of new cars has slowed down, making used cars a popular option for consumers.
However, with the rising demand for used cars, the cases of odometer tampering have also seen a sharp increase. Unscrupulous sellers alter the odometer readings to show fewer miles, thereby increasing the value of the car. This can lead to buyers paying more for a vehicle that is not worth the price.
To safeguard against this fraudulent practice, Marissa Parra offers practical tips for consumers to identify signs of odometer tampering and to protect themselves from falling prey to unscrupulous sellers. She emphasizes the importance of obtaining a vehicle history report and inspecting the car thoroughly before making a purchase.
In conclusion, the video report sheds light on a critical issue affecting the used car market and offers valuable insights for viewers to make an informed decision while purchasing a used car.
Watch this video to learn about the rising trend of odometer fraud in the used car market, as a record number of Americans seek to buy used cars due to the shortage of new cars. The video covers expert opinions, consumer tips and more.
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