Auto-Loan Scammers Staying Busy

Auto-loan fraud reached an estimated $7.7 billion last year, “a number we, unfortunately, expect to continue rising,” says Point Predictive’s Frank McKenna.

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Supply-Chain Problems May Push Up Auto Insurance Rates

The problem with supply-chain disruptions from an insurance perspective is that if an insured vehicle is destroyed in a crash, the insurer now has to pay more to replace it. And with more money potentially going out in claims, premiums will have to eventually follow.

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Vietnam’s VinFast to Build BEVs, Batteries in North Carolina

Founded in 2017, VinFast intends to rival Tesla and EV startups such as Rivian, Lucid and Nio as a global producer of premium automobiles. The Hanoi-based automaker developed its first three car models in just 21 months.

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High Demand, Low Supply, High Prices Make It a Bull Market for Car Dealerships

Car dealerships are buying each other up at a record pace. That’s a sure sign dealers are confident in the long-term health of the auto retail industry despite some potential risks, including the switch to electric vehicles, Forbes reports.

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Auto Dealers Eye a Weird Electric Future

Jason Hooe is a Ford dealer who can’t wait to sell the electric F-150 to the young and hip of Bentonville, Ark. But the chargers are a problem, E&E News' Energy Wire reports.

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