Silent cars no good for nickers (10)

I believe the answer is:

larcenists

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'for nickers' is the definition.
I can't tell whether this definition defines the answer.

'silent cars no good' is the wordplay.
'no good' is an anagram indicator (no good can mean faulty or defective).
'silent'+'cars'='silentcars'
'silentcars' with letters rearranged gives 'LARCENISTS'.

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I've seen this clue in the Sydney Morning Herald.

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