Article ID: 694707525a5a0d5a49506364f1835780d9c460458625a257ed721c6ea38189ec
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/auto-dealers-say-fake-deals-are-driving-them-mad/
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Auto dealers say fake deals are driving them mad - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Auto dealers say fake deals are driving them mad Off Beat Feb 2, 2026 An industry known for embellishing deals, automobile dealers themselves are sounding the alarm that fraud is quietly eating into profits across showrooms nationwide. Nearly 9 in 10 automotive dealers say fraud is top of mind, according to a new survey from Experian Automotive, highlighting the growing operational and financial challenges posed by fraudulent transactions in auto retail. The findings show that 70% of dealers believe fraudulent deals are increasing, signaling an upward trend that dealerships can no longer ignore. Dealers reported averaging about four fraudulent transactions in the past year before detection, with roughly 45% saying a single fraudulent deal typically costs between $10,000 and $20,000. Nearly a third reported losses exceeding that range. Many dealers are shouldering most of the cost, with 64% saying insurance covers less than half of fraud-related losses and some lenders offering no coverage at all. Dealers also cited the balancing act between fraud prevention and maintaining a fast, smooth customer experience, with more than half naming the trade-off as their biggest challenge. Related News Georgia bill addresses worker heat protection February 2, 2026 MMA buys New York-based maritime broker February 2, 2026 Zurich discloses interest in Beazley as takeover battle intensifies February 2, 2026 Tesla persuades court to slash legal fees in suit over director pay February 2, 2026 Liberty unit taps new aviation leader February 2, 2026 China considers $29B bond sale to recapitalize insurers February 2, 2026 Global reinsurers seek approval to operate in Indian hub February 2, 2026 Sukoon’s profit jumps 47% in 2025 February 2, 2026 SCOR expands cyber capacity for large firms February 2, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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