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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
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
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
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
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
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
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
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
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
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