A potential extension of the MOT period from three years to four years could negatively affect consumer safety, automotive technology provider HPI has claimed.
As announced in the budget, the government plans to consult on extending the MOT period. Apart from causing consumer safety issues, HPI said the proposed changes would escalate the risk of fraud from clockers.
Go deeper with GlobalData
Neil Hodson, managing director at HPI, said: "There are clearly some safety concerns surrounding the idea of extending the MOT period by a further 12 months, but there is also an increased risk of fraud.
"Whilst it’s fair to assume that older cars are the most likely to have their mileage reading altered, the reality is that around a third of all cars checked by the trade with HPI are found to have a mileage discrepancy within the first three years of their life. Extending the period for a further fourth year, would see the number of pre-MOT cars with a suspect mileage, increasing putting dealers and used car buyers at significant risk.
"The danger for the dealer is that they unwittingly part exchange a clocked car, leaving them at risk of Trading Standards and legal repercussions, not to mention the damage to their reputation. Consumers may welcome the news of cost savings from a delayed MOT, but they could end up paying more than the car is worth, if they come a cropper of clocking.
"Turning back the miles allows fraudsters to push the price up on a vehicle. An unsuspecting buyer won’t realise they’ve just paid over the odds for a vehicle that’s done more miles than the odometer suggests, meaning more wear and tear and potentially, expensive repairs."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
