The invention discloses a novel automobile brake clearance adjusting arm device. The device comprises an adjusting arm shell, a ratchet wheel, a ratchet block, a forward adjusting rod, a reverse adjusting rod, a return spring, an ejection structure, a forward large gear and a forward small gear, a ratchet wheel hole is formed in the adjusting arm shell, a profiled groove is formed at the top of the inner side of the adjusting arm shell, and the ratchet wheel is rotationally installed in the ratchet wheel hole; the ratchet wheel is in transmission connection with a camshaft; the reverse adjusting rod is rotationally connected into the adjusting arm shell, ejection ratchet teeth are fixed to the reverse adjusting rod, an elliptical hole is formed in the ratchet block, the ejection ratchet teeth are located in the elliptical hole, and a plurality of ratchets are arranged at the bottom of the ratchet block and meshed with ratchets of the ratchet wheel; the profiled groove is formed at the inner side of the adjusting arm shell, the return spring is fixed in the profiled groove, and the bottom end of the return spring abuts against the ratchet block; and the forward adjusting rod rotates in the adjusting arm shell and is connected with the forward small gear, one end of the ratchet wheel is provided with the forward large gear, and the forward small gear is in transmission connection with the forward large gear.