Report – Auto Fraud Soars to New Record Losses

New reports are in showing auto fraud is at all-time high and some dealerships are reporting that 1 in every 3 financing deals that they receive are fraud.

News station WCNC reported on the rise in auto loan fraud and cited the pandemic activation of fraudsters as leading to an increase in the loss rates auto lenders and dealers are now experiencing.

Check out the report here.

If you are interested in the Annual Fraud Report from Point Predictive which details out the rise in fraud, click here – Auto Loan Fraud Report.