AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • WRC
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • WRC
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

New data on odometer fraud in Portugal

Harry Bright by Harry Bright
December 6, 2024
in Latest News
Reading Time: 2 mins read
0
Novos dados sobre fraudes com conta-quilómetros em Portugal

Adulterated odometers. AutoGear revealed to you in January which are the most used automobiles in this fraudulent scheme in Portugal, based on a study by carVertical, a company specialized in vehicle history verification, which concluded that 2.22% of the examined vehicles present odometer fraud, with an average value of odometer alterations exceeding 60,000 kilometers.

Now, new data reveals that odometer manipulation entails million-dollar losses.

In Portugal, this practice constitutes a crime of fraud, punishable by fines and prison sentences of up to three years. Although, in our country, the heaviest sentences are rare, according to carVertical.

According to the experts of this platform, if each fraud were properly punished, tens of millions of euros would reach the State’s coffers every year.

This opinion is shared by the technicians of Autodoc Club, who add another “consequence of this fraudulent behavior,” which is the economic damage suffered by the victims, particularly second-hand car buyers, car manufacturers, and leasing companies.

Used car buyers who fall victim to this fraud not only pay a higher value than they should for the purchased automobile, but also run a higher risk of suffering losses due to breakdowns. Routine maintenance, such as oil changes, is usually determined based on the kilometers traveled. If the value recorded on the odometer is not accurate, there is no way to carry out the maintenance in a timely manner. In the worst case scenario, severe damage can occur, for example, if the timing belt breaks because it was not replaced on time. Such breakdowns lead to even greater losses for the buyer,” they explain.

According to carVertical’s numbers, which estimate that a vehicle with an adulterated odometer has its price inflated by about 20% compared to its real value, the losses of deceived buyers in Portugal amount to 66 million euros!

“There is no unified legal system for odometer fraud. If all citizens of all EU Member States had the same legislation for fraud, a long-term solution to this problem would be achieved. However, some countries do not view the issue with the same seriousness as others, and that is one of the paradoxes that global organizations face,” explains Matas Buzelis, Communication Director of carVertical, quoted by ExecutiveDigest.

Tags: estudoOficinaveículos usados
Share302Tweet189Send

Related Posts

Trabalhadores da Stellantis e da Ferrari em Itália com aumento salarial de 6,6%
Latest News

Workers at Stellantis and Ferrari in Italy receive a salary increase of 6.6%.

The largest automotive manufacturers in Italy, led by Stellantis, have reached an agreement with the metalworkers' unions for a general...

by Virgilio Machado
June 6, 2025
Denza Z9 já tem plataforma de drone
Latest News

“Denza Z9 already has a drone platform.”

BYD, the world's leading manufacturer of new energy vehicles, has now announced the start of deliveries of drone stations for...

by Virgilio Machado
June 6, 2025
Renault mostra primeiras imagens do 4 E-Tech Eletric antes da estreia
Latest News

Renault Group completes acquisition of a stake in Wandercraft.

The Renault Group announced on Friday the completion of the acquisition of a minority stake in Wandercraft, a French company...

by Virgilio Machado
June 6, 2025
Elon Musk ignites political firestorm, threatens new party amid Tesla’s $150B market plunge
Latest News

Elon Musk ignites political firestorm, threatens new party amid Tesla’s $150B market plunge

Elon Musk's dramatic fallout with President Donald Trump has ignited a political and financial firestorm, sending shockwaves through markets and...

by Carl Harrison
June 6, 2025

Recent News

Daniel Ricciardo’s Fate Hangs in the Balance Amid Max Verstappen’s Potential Ban

Daniel Ricciardo’s Fate Hangs in the Balance Amid Max Verstappen’s Potential Ban

June 6, 2025
Alex Palou Defies Formula 1 Temptation: Commits to Dominating IndyCar Glory

Alex Palou Defies Formula 1 Temptation: Commits to Dominating IndyCar Glory

June 6, 2025
Lewis Hamilton Blames Verstappen Chaos for Radio Drama: Ferrari Boss Reveals Shocking Details

Lewis Hamilton Blames Verstappen Chaos for Radio Drama: Ferrari Boss Reveals Shocking Details

June 6, 2025
Daniel Ricciardo: The Spectacular Savior Red Bull Needs for Max Verstappen’s Potential Ban

Daniel Ricciardo: The Spectacular Savior Red Bull Needs for Max Verstappen’s Potential Ban

June 6, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • WRC
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.

Enable Notifications OK No thanks