News
REAL ID Deadline Highlights Dealer Challenges
The REAL ID Act represents a step forward in the fight against synthetic ID fraud. So why are so many dealers still verifying IDs the old-fashioned way? Read more at DealerELITE
CFPB Cancels $60M Toyota Product Bundle Settlement
A $60 million settlement agreed to by Toyota Financial Services for noncompliant F&I product sales has been canceled by the Consumer Financial Protection Bureau. Read more at Road & Track
US, China Call 90-Day Tariff Truce
U.S. and Chinese officials announced a 90-day pause on steep tariffs imposed upon each other’s exports, including vehicles and parts, in a sudden de-escalation that could lead to a long-term agreement. Read more at Auto Dealer News
Trump Reduces UK Auto, Metals Tariff Rate to 10%
The United States and the United Kingdom have agreed to a new trade deal that will lower U.S. import taxes on up to 100,000 U.K.-built vehicles per year. Read more at BBC
NY Nissan Dealers to Repay $3.2M to 1,700 Lessees
More than 1,700 New Yorkers who bought out leases arranged at eight Nissan dealerships will get a share of a $3.2 million settlement brokered by the state AG. Read more at AG.NY.gov
Yukon Owner Says GM Aware of V8 Issue Before Recall
A new lawsuit claims General Motors was aware of a propulsion issue years before a recent recall of trucks and SUVs equipped with the L87 V8 engine. Read more at USA Today
