For the first time ever, the severity and cost of curbstoning is quantified – at over $17 Bn in the USA. Take a look at this interactive map showing the total value and magnitude of individuals who are selling 3 or more vehicles from the same phone number on Craigslist. Data was taken from March 15 – June 15, 2013. Zoom in on your area, it is a very detailed map.
This affects all aspects of the economy:
- For DMV: lost titling fees
- For Taxation: lost income, corporate tax
- For Car Dealers: lost business to an illegal competitor
- For Insurance Agencies: recycling vehicles from staged car accidents
- For Consumers: unsafe and worthless vehicles