CategoryFinance Insurance

Better training, new tool bring loan fraud to light

Retail light-vehicle inventories in the U.S. remained below 1 million units for the 12th consecutive month in May 2022, LMC Automotive and J.D. Power said.
Seventy percent of auto loans that default within the first six months — a sign of potential fraud, most lenders say — have evidence of misrepresentation on the initial application, according to Point Predictive's 2022 Auto Fraud Trends report. (DAVID PHILLIPS)
Author
JH
By:
John Huetter
October 14, 2022 09:46 PM

Featured Stories

TitleWhy the Fed’s rate cuts could put some dealership F&I income at risk
ImageWhy the Fed’s rate cuts could put some dealership F&I income at risk
TitleTrump presidency may create ‘Roaring ’20s’ era in buy-sell market
ImageTrump presidency may create ‘Roaring ’20s’ era in buy-sell market
TitleTrump’s 25% tariff threat on Canada, Mexico imports could add thousands to vehicle prices
ImageTrump’s 25% tariff threat on Canada, Mexico imports could add thousands to vehicle prices
TitleStellantis’ top North American exec focused on regaining dealers’ trust while improving sales
ImageStellantis’ top North American exec focused on regaining dealers’ trust while improving sales