Edmunds.com Shuts Down Fraudulent Websites
Edmunds.com is currently working with authorities, Web hosts and banks to put an end to a scam that victimizes online car shoppers.
SANTA MONICA, Calif. — Edmunds.com is currently working with authorities, Web hosts and banks to put an end to a scam that victimizes online car shoppers.
Edmunds.com was successful in shutting down two fraudulent Websites, www.edmundspayment.com and www.edmundsautopayment.com, but is concerned that other such sites may emerge.
“If you see a classified ad that references an Edmunds escrow service, please report it immediately to the Website hosting the ad,” encourages Edmunds.com Senior Vice President and General Counsel Kenneth Levin. “Edmunds.com does not have an escrow service, but criminals are fraudulently using our site’s name, logo and likeness to induce car buyers to send them the payment for the car — falsely assuring them that the money will be safely held until the vehicle is delivered.”
Individuals who believe they were victims of the scam are being ask to contact their bank as soon as possible to cancel the transaction. The automotive information site is also asking individuals to report fraudulent used-car advertisements directly to the Websites that hosted them.
More F&I
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →