Tag: clocking

NFDA ‘disappointed’ by mileage fraud consultation response

22nd September 2017 | 0 Comments

Altering a vehicle’s odometer to show a lower mileage than that actually travelled is not itself illegal. However, the practice of selling a ‘clocked’ vehicle to someone, without notifying them that the vehicle’s mileage has been altered is illegal. Historically, this has been to increase the value of a vehicle, but many consumers are now adjusting their cars’ mileages to avoid excess mileage penalty fees that are part of a car’s finance agreement.

Continue Reading

Mileage fraud consultation – NFDA response

1st November 2016 | 0 Comments

“Mileage fraud is a huge problem for the UK and urgent action needs to be taken. We are pleased to see that the government has taken the issue seriously and we have responded to the consultation outlining the implications of this practice and the urgent need to make it illegal”, said Sue Robinson, director of the National Franchised Dealers Association (NFDA).

Continue Reading

NAMA ‘pleased at government response to clocking problem’

16th August 2016 | 0 Comments

Recently, the National Association of Motor Auctions (NAMA), the UK’s leading representative body for vehicle auctions, sent a letter to the newly appointed secretary of state for transport, Rt Hon Chris Grayling MP, raising the subject of odometer fraud, or ‘clocking’; the practice of altering a vehicle’s odometer to show a lower mileage than that actually travelled, thereby increasing the re-sale value of the vehicle.

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]