Birmingham used car buyers are being warned about a rise in stolen mileage vehicles, also known as clocked cars, as new data from HPI reveals a surge in cases across the region. The practice involves tampering with odometers to show lower mileage, artificially inflating the value of used vehicles.
HPI Reports Increase in Clocked Cars
According to HPI, a leading vehicle history check provider, instances of mileage fraud have increased by 10% in the West Midlands over the past year. The company's data shows that Birmingham is a hotspot for such scams, with hundreds of cases reported annually. This trend is particularly concerning for buyers purchasing used cars on finance, as the true condition and value of the vehicle may be misrepresented.
Impact on Car Finance
Experts warn that stolen mileage can lead to significant financial losses for consumers. A car with tampered mileage may require more frequent repairs and have a lower resale value, leaving buyers with a vehicle worth far less than the finance agreement. Lenders may also be at risk, as the collateral for the loan is overvalued.
Barry Shorto, head of industry relations at HPI, said: 'Mileage fraud is a serious issue that can affect anyone buying a used car. We urge consumers to always obtain a full vehicle history check before purchasing, especially if they are financing the vehicle.'
How to Protect Yourself
To avoid falling victim to mileage fraud, buyers should follow these steps:
- Obtain a comprehensive vehicle history check from a reputable provider like HPI.
- Inspect the car's service history and look for inconsistencies.
- Check the condition of the pedals, steering wheel, and seats for excessive wear relative to the claimed mileage.
- Have a trusted mechanic inspect the vehicle before purchase.
Additionally, buyers should be wary of deals that seem too good to be true, as they often are. The rise in stolen mileage cases highlights the need for vigilance in the used car market, particularly in Birmingham where the problem is most acute.
Industry Response
Automotive industry bodies are calling for stricter regulations to combat mileage fraud. The Motor Ombudsman and the Society of Motor Manufacturers and Traders (SMMT) have both emphasized the importance of transparency in vehicle sales. Meanwhile, finance companies are encouraged to incorporate mileage verification into their lending processes.
For those already affected, consumer rights groups advise contacting the seller or finance provider to seek redress. In cases of fraud, the police may also need to be involved. As the used car market continues to grow, especially in the wake of supply chain issues affecting new car production, the risk of mileage fraud remains a pressing concern for Birmingham motorists.
