City Motor Group

Corporate BankruptcyAutomotive2018
RegionNew Zealand
Year2018
TypeCorporate Bankruptcy
CategoryAutomotive

About City Motor Group

HLB Kidsons, the liquidator of New Zealand dealership City Motor Group, recovered approximately 10 million for creditors. City Motor Group had sold cars with altered odometers, in some cases reduced by over 100,000 kilometers. The fraud affected hundreds of buyers. Liquidators discovered that the company had falsified import documents and altered odometers. The case highlighted consumer protection issues in the used car market. Company directors were banned from managing companies. The liquidation took over 5 years to complete. The fraud was discovered by a consumer who had the car inspected and found maintenance records showing higher mileage than the odometer.

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