Can dealers offer a lower APR to customers who buy service contracts? From a compliance perspective, it's possible, but it’s complicated. Attorney and Mosaic Compliance Services CEO Jim Ganther explains. Watch at YouTube
Herb Chambers will pay $11.8 million to settle allegations that eight of his companies improperly obtained federal COVID-19 relief funds. Read more at the Boston Globe
Customers of Oxford County Chrysler Dodge Jeep Ram in Paris, Maine, tell the U.S. Sun their vehicles were locked up in the dealership when it was forced to close. Read more at the U.S. Sun
President Donald Trump has spared vehicle manufacturers and some auto part suppliers from sweeping new “reciprocal” tariffs on imported goods. Read more at WhiteHouse.gov
The owner of two Los Angeles-area Nissan dealerships says the factory orchestrated a “deliberate and nefarious scheme” to “suffocate” his rooftops. Read more at Dealer Agent News
Nikola founder and former CEO Trevor Milton says he has been pardoned by President Donald Trump, escaping a four-year federal prison sentence and $1 million fine. Read more at Auto Dealer News
VicOne’s latest annual report finds cyberattacks cost the global automotive industry $22.5 billion last year, up from about $1 billion in 2022. Read more at Auto Dealer News
Point Predictive’s latest report finds finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. Read more at Dealer Agent News
Attorney Tom Oscherwitz says generative AI-powered “deepfakes” are giving criminals new ways to defraud dealers and finance sources. Read more at DealerELITE
Auto Dealership Partners has won an $18 million judgment after accusing Ford of engaging in “deceit and fraud” by blocking the purchase of a franchise. Read more at Arkansas Business
