Andrew Wenzel, HPI Equifax automotive managing director, said: “Of the sample of 300,000 vehicles investigated by the HPI Equifax National Mileage Register, 1 in 15 had a discrepancy. The older the vehicle and the more keepers it has had, the higher the risk of clocking.”
Less than 3% of cars with one owner had a discrepancy, but more than a quarter of cars with five owners had been clocked.
He highlighted the HPI Equifax NMR Double Indemnity scheme, which protects dealers against losses due to a lack of due diligence, provided the dealer acted legally.
“Should a court successfully prosecute an NMR member, due to any failure of the NMR, Equifax will provide compensation equal to twice the amount of any fine imposed,” he said.