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Categories: Auto Finance, Compliance, Dealer Ops, Industry
S.C. Dealer Sues Former GM, F&I Manager

Hoover Mitsubishi’s Mark Hoover has sued two former employees accused of doctoring auto loan applications, a scheme that led to an FBI raid and the...

https://www.autodealertodaymagazine.com/357942/s-c-dealer-sues-former-gm-fi-manager
Stay in Your Lane, Mr. Dealer. We’ll Be There Too.

Manufacturers can’t resist any opportunity to put their hand in the dealer’s wallet, but a recent lawsuit proves the consequences of any incursion on your...

https://www.autodealertodaymagazine.com/357660/stay-in-your-lane-mr-dealer-well-be-there-too
Categories: Dealer Ops, Showroom
Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

https://www.autodealertodaymagazine.com/357856/days-supply-hits-71-on-weaker-sales
Categories: Compliance, Dealer Ops, Fixed Ops
Va. Parts Manager Faces 20 Years for Embezzlement

A former dealership employee was accused of systematically scrapping nearly $250,000 worth of catalytic converters and selling them to a recycling center...

https://www.autodealertodaymagazine.com/357854/va-parts-manager-faces-20-years-for-embezzlement
Categories: Dealer Ops, Showroom
Nissan Takes Step Back in Full-Size Truck Market

Nissan will end production of the diesel V-8 variant of the Titan XD in December after failing to capture more than a fraction of U.S. full-size pickup...

https://www.autodealertodaymagazine.com/357821/nissan-takes-step-back-in-full-size-truck-market
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

https://www.autodealertodaymagazine.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Compliance
Fla. Chevrolet Dealership Agrees to Million-Dollar Settlement

The former owners of Jacksonville, Fla.’s Riverside Chevrolet will pay more than $1 million in restitution and fines to settle charges of failing to pay...

https://www.autodealertodaymagazine.com/357740/fla-chevrolet-dealership-agrees-to-million-dollar-settlement
Categories: Compliance
Father/Son Dealers Face Federal Fraud Charges

Mehdi and Saaed Moslem have been charged with tax and bank fraud after IRS and FBI investigators say they uncovered a scheme to hide — then inflate — income...

https://www.autodealertodaymagazine.com/357738/father-son-dealers-face-federal-fraud-charges
Categories: Auto Finance, Dealer Ops, F&I
Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional...

https://www.autodealertodaymagazine.com/357733/report-longer-commute-bigger-auto-loan
Categories: Dealer Ops, Industry, Showroom
SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted...

https://www.autodealertodaymagazine.com/357726/saar-dips-to-16-6m-in-watershed-sales-report


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