THE THREAT OF CONVERSION FRAUD
A PROBLEM FOR THE MOTOR FINANCE SECTOR

AUTO TRADER

After conducting vehicle provenance checks for the last twelve months, we found over 600,000 vehicles advertised on Auto Trader which already had a live finance agreement. Were your vehicles in that list? Are your assets protected? If your data isn’t on our database you are exposed to greater risk.

Over a twelve month period we looked at private and trade adverts and found that, across 240 lenders, over 600,000 vehicles that were still in finance agreements. This sample was for less than one tenth of the whole finance industry, suggesting an even bigger problem throughout the sector.

At Auto Trader, we are surfacing existing finance agreements to potential buyers to avoid conversion fraud, but if your data isn’t on our database this information won’t be provided.

To avoid the costly and time-consuming processes of repossessing the vehicle or outstanding funds, simply contact Auto Trader to set up a data supply feed today. The process is simple and free of charge. We can accept data from your preferred agency (i.e., HPI), meaning little work for you.

The threat of conversion fraud is real and can result in:

• loss of assets
• loss of income
• wasted compliance team time

Avoiding this risk is vital for any small business. We’re here to help. Contact us today by emailing karan.ridgard@autotrader.co.uk.