Consumers on High Alert Over Rise in Vehicle Fraud; Carfax Spokesperson Available to Provide Tips to Avoid Being a Victim.Thousands of used car buyers are at risk each day of becoming a victim of vehicle fraud. Carfax communications director Larry Gamache is available to provide insight on the many pitfalls consumers may encounter when purchasing a used car. Share with your audience the latest information and tips to avoid the various scams con artists use to dupe consumers. These include: --Airbag fraud. One out of every 25 previously deployed airbags are replaced with either dummy Sham; make-believe; pretended; imitation. Person who serves in place of another, or who serves until the proper person is named or available to take his place (e.g., dummy corporate directors; dummy owners of real estate). or non-working airbag units, costing insurance companies and consumers an average of $50 million a year. --Odometer rollbacks. Each case of odometer fraud Odometer fraud is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer. costs consumers more than $2,300. Digital odometers are rolled back in a matter of seconds by equipment that can be purchased over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . --VIN cloning cloning: see clone. To make a product that functions like another. See clone. See also cloning software. . More than 1.5 million vehicles are stolen in the U.S. each year. From these, 225,000 have their vehicle identification numbers switched to conceal conceal, v to hide; secrete; withhold from the knowledge of others. their identity and are sold to unknowing consumers. --Curbstoning. An estimated 60 to 90 percent of vehicles sold in classifieds or at the curb are sold by unlicensed dealers posing as private sellers. Carfax is the most trusted provider of vehicle history information and a leading advocate in helping consumers avoid vehicle fraud. To schedule interviews or a demonstration, contact Christopher Basso of Carfax, 703-934-2664. |
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