News
NADA, AFSA Push Back on Disparate Impact Study
Trade association reps tell Automotive News a study that found evidence of discriminatory auto lending practices relies on flawed methodology and incomplete data. Read more at Automotive News
Banks Brace for Impact as Tricolor Auto Files for Chapter 7
JPMorgan Chase, Fifth Third and Barclays are among the credit line providers facing massive losses as Tricolor enters bankruptcy proceedings. Read more at Bloomberg
Former Colo. Dealership Employee Arrested, Accused of Embezzling $182K
Valerie Drewlow, the former office manager at Greeley Nissan and Greeley Volkswagen, was arrested and faces charges of stealing $182,815 from the dealerships. Read more at Greeley Tribune
Finance Execs Say Fees, Products, Rates Drive Loan Payment Errors
A new Carleton survey of U.S. finance executives finds the majority experience loan payment discrepancies on a weekly or monthly basis. Read more at Dealer Agent News
Supercar Dealer Could Face Fraud Charges in 2 States
The owner of New York’s Bul Auto Sales and Jacksonville’s Karma franchise has been arrested on charges of fraud and dealing in stolen property. Read more at Jacksonville Today
CNCDA Sues Honda, Sony to Halt Direct Sales of Afeela EVs
California Honda dealers are suing to block direct sales of the Afeela 1 EV by the factory and its Sony Honda Mobility division in violation of state franchise laws. Read more at Auto Dealer News
