Tag Archive

Auto Loan Fraud Soars

Published on May 11, 2017 By Cucolle1

Up to 1% of car loan applications include deception, firm says Borrower fraud in U.S. auto loans is surging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out bogus borrowers. As many as 1 percent of U.S. car loan applications include some type […]

The Next Financial Crisis Might Be in Your Driveway

Published on February 22, 2017 By Cucolle1

With late payments on the rise, a dealership upsell begins to look dangerous. Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the curb appeal, though-those swanky machines are […]

Auto Sales: The Party May be Over

Published on January 10, 2017 By Cucolle1

Car sales are near record levels. But this is a time of uncertainty for the industry, not celebration. Sales are showing signs of leveling off. When December figures come in Wednesday, they may be enough to eke out a seventh straight year of gains, edging past last year’s record of 17.5 million cars and trucks. […]

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