Car 'clocking' cheats buyers out of up to €60m a year
'CLOCKING' is cheating Irish car buyers out of €60m a year, new research claims.
The practice of winding back the odometer in cars is still 'widespread' here despite being criminalised in February, it is claimed. According to research from car-history check experts Motorcheck.ie, the scam is costing unsuspecting buyers between €40m-€60m a year in inflated car values.
Across Europe the practice is believed to be costing consumers up to €9.6bn a year and has prompted the European Parliament's transport committee to call for a European mileage database to beat the clockers.
Motorcheck.ie managing director Michael Rochford said: "It is shameful that despite having criminalised the practice of clocking, government agencies still do not allow mileage readings collected at time of the NCT to be shared with third parties."
The Road Safety Authority (on behalf of NCT) and Revenue claim there are data protection concerns and that's why mileage data are not shared.
But Mr Rochford says such concerns have been officially addressed by the Data Protection Commissioner but nothing has changed: "There is no good reason why certain mileage data cannot be shared to equip both the industry and consumers to combat this practice."