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...
Dealerships
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...
Mercedes Dealer Loses $20,270 Over Tech’s “Extended Test Drive” to a Bar
A Shelby County judge has attached a dollar figure to one of the more creative...
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...
Carvana Didn’t Beat the Franchise Dealers. It Just Became One — And Stellantis Is Footing the Bill
A Chrysler Dodge Jeep Ram store in Casa Grande, Arizona used to sell thirty to...
The Kill Switch Already in Millions of Financed Cars
Ask any repo agent how the job used to work, and you’ll hear the same...
Used Car Prices Just Hit $27,027 Again. More Than Half of Buyers Are Already Underwater Before They Sign.
Cox Automotive says the average used vehicle listed for $27,027 in June. That’s up 6%...
These Salesmen Beat 176 Stolen-Car Charges in Court. A Paperwork Loophole Still Destroyed Their Careers
Two car salesmen just got cleared of 176 criminal charges apiece for selling stolen vehicles,...
Toronto Police Dropped 176 Fraud Charges Against These Salesmen. Ontario Still Won’t Let Them Near a Car Lot
Two former Mitsubishi dealership managers in Toronto just beat 176 criminal charges tied to an...
Stellantis Is Bragging About a 38% Shipment Surge. Its Dealers Are the Ones Left Holding the Bag
Stellantis wants the headline to be simple: North American shipments jumped 38% in the second...
Extended Car Warranties: Sometimes a Lifesaver, Usually Just Fear Dressed Up as a Sales Pitch
The pitch always lands at the worst possible moment. You’ve just agreed to a price,...