FBI Charges 17 People for Clocking Odometers
The FBI arrested 17 people on March 31 and charged them with rolling back the odometers on thousands of cars, then reselling the vehicles for more than they were worth, scamming car dealerships out of more than $7.5 million, according to a report from the Associated Press.
The FBI arrested 17 people on March 31 and charged them with rolling back the odometers on thousands of cars, then reselling the vehicles for more than they were worth, scamming car dealerships out of more than $7.5 million, according to a report from the Associated Press. In raids dubbed "Operation Rollback," FBI agents capped a 15-month investigation by arresting suspects in New Jersey, New York, and Maryland. The case began when a Bloomfield, NJ, auto dealership told local police that 45 cars on its lot were discovered to have tampered odometers. Authorities said the ring bought more than 1,000 vehicles from public auctions in New Jersey, Maryland, Pennsylvania, and Tennessee, according to the Associated Press. After the odometer tampering, the vehicles were resold to dealers and individual buyers. If the vehicle's odometer was an older style, ring members would allegedly alter the mileage reading manually using a small instrument similar to a screwdriver. If the odometer was digital, the vehicle would be taken to a Brooklyn auto glass business where ring members allegedly would use laptop computers with software applications that could roll back the mileage reading, according to the Associated Press article. In addition, the ring allegedly altered vehicle titles to reflect the lower mileage readings.
More Remarketing

When Should a Fleet Repair Vehicle Damage Before Remarketing?
Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
Read More →
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
FLD Promotes Three Executives in Leadership Changes
FLD has promoted three longtime executives, naming Gary Mott CEO, Richard Mallek president, and Ron Sanders managing partner.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
Copart to Acquire ACV in $1.9 Billion Deal
The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →