Can You File a Ferrari Odometer Lawsuit?

Are you the owner of a previously used Ferrari, or have you leased a used Ferrari from a Ferrari dealership? If so, you may actually have been impacted in a Ferrari odometer rollback scheme that targeted used Ferraris to increase their value. Those affected by the Ferrari odometer scheme may be entitled to substantial compensation.

The Ferrari Odometer Whistleblower Lawsuit

Last year, a Ferrari salesman filed a whistleblower lawsuit alleging that the company’s dealerships used a tool to roll back used Ferrari odometers. The device is known as a Ferrari DEIS tester, which can be used to set the Ferrari odometer back to as low as zero. With the Ferrari odometer set lower, dealers can sell the cars at even higher costs, according to the lawsuit, by as much as a $1 million.

According to the whistleblower, Bud R., who had worked as a Ferrari salesman for 22 years, he was fired after he voiced his objection to the use of the Ferrari odometer rollback device when he discovered it was being used. While he was rehired a couple of months later, Bud notes that he is now located in an office that is harder for customers to reach—which he alleges is part of the dealership’s retaliation against him for his objection to the Ferrari odometer rollbacks.

Ferrari North America has acknowledged that it knew of this Ferrari odometer scheme happening in its dealerships. In response, the company has discontinued the practice of rolling back its vehicles’ odometers and inflating their prices, though it maintains that there was nothing illegal about this practice and that it simply became more inconvenient than beneficial. In order to prevent this from continuing, Ferrari has decided to cut off access to the DEIS tester that dealers were using to rollback odometers. Essentially, dealerships can no longer reset Ferrari odometers to zero because the device has been taken away.

Ferrari workshop manuals had also included information on how to rollback miles on a Ferrari odometer, and this section will be taken out in future manuals, according to the company.

While it is now clear that the Ferrari odometer rollback scheme was happening at dealerships across the country, “What remains now is to determine how pervasive this practice has been and to compel Ferrari to come clean,” the attorney for the lead plaintiff said.

Filing a Ferrari Odometer Rollback Lawsuit

If you have bought or leased a used Ferrari vehicle, you may have been affected by the Ferrari odometer rollback scheme. Used Ferraris from authorized Ferrari dealerships are the ones allegedly affected in this scheme, whose prices may have been hiked by hundreds of thousands of dollars, or even as much as $1 million. If your vehicle was affected, you may be able to participate in the lawsuit investigation and be entitled to significant compensation.

While some may be afraid of coming forward as whistleblowers, there are laws in place to help protect whistleblowers from the potential fallout or retaliation for their actions.

Join a Free Ferrari Odometer Rollback Lawsuit Investigation

If you purchased or leased a used Ferrari, and still have the car, you may be owed significant compensation.

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