What should dealers be aware of regarding odometer disclosures?

Dealers must be mindful that federal law mandates the accurate reporting of a vehicle's mileage at the time of sale to prevent fraudulent practices. This regulation aims to protect consumers from odometer fraud, where sellers might tamper with or misrepresent the true mileage of a vehicle to inflate its value or deceive buyers regarding its condition. The law emphasizes that any discrepancies or alterations in reported mileage must be disclosed to ensure transparency and honesty in the vehicle sales process.

This focus on accuracy is crucial because accurate mileage information directly influences a vehicle's resale value, perceived reliability, and overall condition. By ensuring compliance with these federal guidelines, dealers not only uphold consumer trust but also protect themselves legally from potential liability associated with odometer fraud claims.