Cars.com Promised to Invest in DealerClub. Then Came Layoffs, a New CEO, and an $88 Million Lawsuit
Every acquisition announcement contains a promise. Somebody says the acquired company will get more resources,...
Dealerships
Cops Called Him ‘The World’s Worst Businessman.’ His Tesla Fraud Ring Still Made More Sense Than You’d Think
Daytona Beach police arrested two men last week over what they’re calling a multi-state Tesla...
The FTC Just Handed Car Dealers Back Their Favorite Financing Trick — And Called It Colorblind
Somewhere in a dealership finance office this week, a compliance manager who spent the last...
Nobody Actually Owns a Ford Dealership. Ford Does – And a Kentucky Court Just Proved It
There’s a Ford store in Grayson, Kentucky, a town of about 4,000 people, with a...
The $20,000 Used Car Didn’t Disappear. Automakers Discontinued It
Ask a dealer why a three-year-old Camry costs about what a loaded new one cost...
Cars.com Just Had a Record Quarter – By Politely Admitting Fewer People Are Showing Up
Cars.com told investors this week that it just posted the fastest revenue growth in its...
A Kia Dealer Got Caught Cannibalizing One Customer’s SUV to Fix Someone Else’s. Firing the Manager Doesn’t Fix What’s Actually Broken
The Lake Charles, Louisiana woman dropped her Kia SUV off at Kia of Lake Charles...
Wall Street Says Wireless Car Updates Are a $17 Billion Business. The Real Payoff Is Making Your Recall Invisible
Somewhere in the next year, your car might get recalled and you’ll never know it...
Wally Darwish Got the Deal of a Lifetime on Ten Dealerships. He Just Got a $30 Million Bill for Treating Them Like His Personal ATM
Ten car dealerships in the small, rural markets of upstate New York spent the better...
Car Dealers Keep Falling Into The Same PPP Trap, And One Whistleblower Won’t Stop Collecting
Two auto dealer groups just wrote the federal government a combined check for $3.6 million...
This Crew Stole Two Dozen Muscle Cars Each for Street Takeover Clout. The Law That Caught Them Predates the Muscle Car Itself.
Nigel Criss and Rafael Otero Nieves weren’t sentenced to federal prison this month because they...
The Pandemic Turned Your Nissan Lease Buyout Into Free Money — And Some Dealers Grabbed It First
For a strange stretch of the pandemic, leasing a Nissan came with an accidental jackpot...
Roger Penske Is Buying Back the Company That Bears His Name — and Wall Street Never Really Owned It Anyway
Roger Penske and Mitsui & Co. did not wake up this week and decide they...
Ford’s Self-Assembling Car Fortress Isn’t Really About Stopping Thieves. It’s About a Battery Problem Nobody Talks About
Ford has a patent application describing cars that arrange themselves into a defensive ring around...
America’s Car-Mart Buried A Footnote About Bad Loans. A Third Of Its Dealerships Just Paid For It.
Sometime around April 14 of this year, America’s Car-Mart shut the lights off at 42...