The average ago of vehicles on Czech roads has reached a record 15.4 years,
according to data released by the Union of Car Importers.
They say this is due to the growing number of used cars imported to the Czech Republic in recent years.
In the first quarter of this year, the number of new car sales reached 67, 000 while the number of imported used cars exceeded 42,000.
The average age of vehicles is seen to be rising in other EU countries as well, with the average age of cars on EU roads having crossed 10 years.
Odometer fraud continues to be a major problem for buyers of second-hand cars in the Czech Republic. Past studies suggested that as many as 42 percent of vehicles sold, including imported cars, had seen their odometers tampered with. Findings suggested that cars with more than 100,000 kilometres travelled were often modified for a simple reason, to secure a better sale price.
Forty-two percent of vehicles sold on the used car market in the Czech Republic have had mileage tampered with on the odometer, the Czech News Agency reported on Monday citing a study by Cebia. The study suggests that some vehicles' mileage was modified by 100,000 kilometres or more to secure a better sale price. The study suggests that year-on-year odometer fraud rose by two percent. Second-hand imports are understood to have contributed to the rise.
In Business News this week: Czech unemployment rate at lowest level since March 2009; Czech consumer annual prices growth accelerates to 0.4 percent; number of Czechs facing four or more property seizures sharply increases; Export of used cars from Czech Republic grows by 45 percent; the Czech Republic has rolled out its first wine vending machine or “vinomat”.
Police in the region of Central Bohemia report they have broken up a gang that traded in stolen luxury automobiles. Six people were charged and 35 vehicles, mostly BMW X5 and X6s, Mercedes Benzes, Porsches and Audis were recovered; their total value was put at 40 million crowns. The suspects, which were active primarily in Central and Western Bohemia, face up to eight years in prison if convicted.