I see this being asked alot, so I thought I'd make a post that describes why changing to a larger size of tire also changes your speedometer and odometer readings. It also explains how to determine the "correction factor" which can be used to calculate how many miles you really did travel, or how fast you are really going.
I also showed the correct method for determining the circumference of a metric sized tire (ex. 245/75/17).
Maybe this could be made a sticky if you think it's helpful??
