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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.fi-magazine.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.fi-magazine.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.fi-magazine.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.fi-magazine.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.fi-magazine.com/357726/saar-dips-to-16-6m-in-watershed-sales-report
The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per...
https://www.fi-magazine.com/357717/autonation-nears-2-000-pvr-as-big-groups-grow-fi
Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt...
https://www.fi-magazine.com/357714/cornered-fed-announces-first-rate-cut-since-2008
Opponents of franchise laws claim they hang on flawed logic, discourage competition, and benefit dealers to the detriment of consumers.
https://www.fi-magazine.com/357691/are-we-not-capitalists
Longtime Wichita, Kan., Toyota dealer Mike Steven has sued the factory’s luxury division, claiming more than $120 million in damages stemming from a...
https://www.fi-magazine.com/357632/dealer-sues-over-lexus-point-lost-in-1989
The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...
https://www.fi-magazine.com/357519/price-hike-tesla-drops-base-models