Dealership Fraud—Not in My Dealership!

Written by J. Michael Issa, Kerry Krisher & MJ Vaughn. Posted in Dealership Security

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Sadly, fraud occurs in dealerships in both up and down cycles and happens with more frequency than most dealers would like to believe. Without a systematic fraud program in place, fraud is nearly impossible to prevent, can be difficult to detect, and the financial impact of an undetected fraud can be catastrophic. The purpose of any fraud program is to provide a deterrent and to enable early detection prior to fraud becoming large enough to cause real financial pain for the dealership Add a comment

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Protecting Your Lot from Vehicle Theft

Written by D.J. Thompson. Posted in Dealership Security

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According to the FBI’s latest figures, vehicle theft has dropped for the sixth consecutive year. Based on that information, it would appear that theft isn’t an issue that dealers need to be particularly concerned about. However, those figures are deceptively positive, because the rate of stolen vehicles that are never recovered has reached a 20-year high (43 percent). That alarming percentage translates to more than 400,000 vehicles not recoveredin 2008 (latest data available).

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Why Run A Background Check?

Written by Terry A Dortch. Posted in Dealership Security

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Who are you hiring? Who did you hire yesterday?

In May of 2009 there was an article in the Katy Times about the Harris County Sheriff’s Office looking for two individuals who had defrauded several Houston area car dealerships of nearly $750,000. The two gentlemen in question were obtaining employment at various automobile dealerships in order to obtain customer information. With the information, they financed numerous vehicles. After they were done at one dealership they moved on to another and another.

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An Ounce Of Prevention

Written by Bernard Boule. Posted in Dealership Security

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An ounce of prevention is worth a pound of cure. I heard this old saying from my elders when I was just a kid, but I haven't heard it in such a long time. I remember wondering what prevention was, and how much of it would make an ounce. At that time, I had a real good idea of what cure was, and the huge amount of it that would be needed to make a pound. In those days, cures weren'-t sugar coated or flavored to taste like mint, wild cherry, or strawberry. I knew that I had no desire to have to take a pound of any of the cures I had been exposed to up to that point in my life-so I was really interested in learning about prevention.

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