Cars are hard to find right now. Supply chains, especially those for microchips that power electronics and navigation systems, have been nearly cut off. That shouldn’t change anytime soon. This imbalance between supply and demand has driven up the prices of new and used cars. According to the most recent Consumer Price Index figures for February, car prices rose more than almost anything else.
Car prices and model availability contributed to the shelf life of cars. According to IHS Markit, the average age of a car on the road last year was 12.1 years. That’s up from 9.6 years in 2002. That, in turn, has led to a need for more car repairs, and that process isn’t always straightforward.
The last thing anyone wants is to fall victim to an auto scam. The likelihood of someone being scammed depends in part on the state they live in.
To identify the state with the most auto-related scams, 24/7 Wall St. looked at data on the number of auto-related scams reported to the Federal Trade Commission in the first three quarters. of 2021, as compiled and analyzed by BuyAutoInsurance.com. Forty-eight states and the District of Columbia were ranked by the number of auto-related scam reports per 100,000 population.
Unfortunately, scams, including auto-related scams, are not uncommon. These include auto parts and repair scams, auto rental and leasing scams, and auto finance scams. There are also scams related to car services and warranties. The incidence of scams varies wildly from state to state.
Nevada tops the scam list with over 49 reports per 100,000, followed by the District of Columbia with 47. Nevada is synonymous with gambling (think Las Vegas and Reno), but buying, renting, or driving an automobile shouldn’t be a roll of the dice against a crook.
Here are the details on Nevada:
- Auto-related scam reports per 100,000 population: 49.4
- Number of automotive scam reports: 1,523 (ranked 22nd)
- Population: 3,080,156 (20th smallest)
Click here to see which states have the fewest auto related scams.