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7 Shocking Used Car Statistics Every Buyer Needs to Know

|10 min read

The Numbers Don't Lie

The used car market can be risky if you don't do your homework. Here are some statistics that highlight why pre-purchase inspections are so important.

1. 40% of Used Cars Have Hidden Damage

According to industry studies, nearly 40% of used vehicles have some form of hidden damage that wasn't disclosed during the sale.

2. $6 Billion Lost to Odometer Fraud Annually

NHTSA estimates that odometer rollback affects more than 450,000 vehicles sold each year, costing buyers over $6 billion.

3. 800,000+ Flood Cars on Roads

Major hurricanes can flood hundreds of thousands of vehicles. Many are cleaned up and resold across the country.

4. 1 in 6 Used Cars Has an Open Recall

Safety recalls aren't always addressed before resale. Make sure any vehicle you're considering has had all recalls completed.

5. Title Washing Affects All 50 States

Salvage and flood titles can be "washed" by moving a vehicle between states. This makes VIN checks and physical inspections both essential.

6. Average Repair Cost: $2,500

The average unexpected repair cost in the first year of used car ownership is around $2,500 - more than 10x the cost of a pre-purchase inspection.

7. 90% of Sellers Don't Disclose All Issues

Whether intentional or not, most sellers don't reveal every problem with their vehicle. An independent inspection reveals the truth.

Ready for Peace of Mind?

Get a professional pre-purchase inspection before you buy your next vehicle.

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