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Fraudsters are creating fake auto and equipment dealership websites with AI to trick consumers into sending them money. More than 100 “dealership cloning” sites — websites impersonating active or defunct dealerships — were identified by risk management software provider Point Predictive, according to its March 24 report. Potential consumers will wire money for a vehicle […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
